Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 141

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 141
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 to evaluate key components and significant data inputs which were utilized in performing the analysis. The valuation firm also provided guidance to Management about best practices with respect to useful lives of various types of intangible assets.

The primary procedures we performed to address this critical audit matter included:

| ■ | We                                                                                              
 reviewed and challenged the reasonableness of key management assumptions used for the estimate. |

| ■ | We                                                                                                 
 reviewed the report of the independent valuation firm that perform the valuation of the intangible 
 assets.                                                                                            |

| ■ | We                                                                                    
 assessed the suitability of the method used by the expert in valuation of the assets. |

| ■ | We                                                                          
 evaluated the reasonableness of the valuation methodology and discount rate |

| ■ | We                                                                                           
 performed data integrity check including accuracy of sample journal entries by checking them 
 to approved supporting documents.                                                            |

/S/ Boladale Lawal

BOLADALE LAWAL & CO.

(Chartered Accountants)

(PCAOB ID 6993)

Lagos, Nigeria

We have served as the Company’s auditor since 2024.

April 22, 2025

| F-3 |

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

LOTTERY.COM, INC. CONSOLIDATED BALANCE SHEETS</div>

| ASSETS                                                                                                                                                                     
 Current assets:                                                                                                                                                            |     | December 31, 
 2024         |              |   |     | December 31, 
 2023         |              |   |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-------------|-------------:|:--|:----|:-------------|-------------:|:--|
| Cash                                                                                                                                                                       |     | $            |       68,035 |   |     | $            |      359,826 |   |
| Restricted cash                                                                                                                                                            |     |              |            - |   |     |              |            - |   |
| Accounts receivable                                                                                                                                                        |     |              |      494,129 |   |     |              |       55,586 |   |
| Prepaid expenses                                                                                                                                                           |     |              |   14,449,333 |   |     |              |   19,020,159 |   |
| Other current assets                                                                                                                                                       |     |              |      880,961 |   |     |              |      907,632 |   |
| Total current assets                                                                                                                                                       |     |              |   15,892,458 |   |     |