Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 247

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 247
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     (15,664 
     (15,664 
       4,277 
 (32,536,204 
  32,638,970 
     102,766 | ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
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|:----------------------------------------------------------------|:----|:-------------------|:------------|:--|:----|:-----|------------:|:--|
| Interest                                                        
 paid in cash                                                    |     | $                  | -           |   |     | $    |     483,582 |   |
| Taxes                                                           
 paid in cash                                                    |     | $                  | -           |   |     | $    |           - |   |

<div align='center'>The accompanying notes are an integral part of these restated consolidated financial statements.</div>

| F-46 |

<div align='center'>LOTTERY.COM INC.

NOTES TO RESTATED CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 1. Nature of Operations

Description of Business

During FY 2023, the Company addressed
legacy issues while successfully regaining full compliance with Nasdaq’s continued listing rules and restarting operations in order
to stage Lottery.com for growth in FY 2024. The cornerstone of the Company’s operational progress for FY 2024 will be
driven by technology, product and service/capability enhancements.

Lottery.com Inc. (formerly Trident Acquisitions Corp) (“TDAC”, “Lottery.com” or “the Company”), was formed as a Delaware corporation on March 17, 2016. On October 29, 2021, we consummated a business combination (the “Business Combination”) with AutoLotto, Inc. (“AutoLotto”). Following the closing of the Business Combination (the “Closing”) we changed our name from “Trident Acquisitions Corp.” to “Lottery.com Inc.” and the business of AutoLotto became our business. In connection with the Business Combination the Company moved its headquarters from New York, New York to Spicewood, Texas.

The Company is a leading provider of domestic and international lottery products and services. As an independent third-party lottery game service, the Company offers a platform that it developed and operates to enable the remote purchase of legally sanctioned lottery games in the U.S. and abroad (the “Platform”). The Company’s revenue generating activities are focused on (i) offering the Platform via the