Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 95

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 95
---
                                              
 of shares of Common Stock                           |     |                                                                                                                                                                                                                               |
| Shares                                              
 of Common Stock offered by the Selling Shareholders |     | (i)                                                                                                                                                                                                                           
 512,662  shares of common stock issued to the investor as a commitment fee, (the “Commitment Fee                                                                                                                              
 Shares”) (ii) 1,906,693 shares of common stock issuable upon the exercise of the prefunded common                                                                                                                             
 stock warrants: (the “Commitment Warrant Shares”) issued to the Investor as commitment fee upon the execution                                                                                                                 
 of a stock purchase agreement dated November 13, 2024 (the “Stock Purchase Agreement”, (iii) 2,810,597 shares of common stock that may be sold by other selling shareholders and (iv) 458,370 shares of common stock issuable 
 upon exercise of warrants issued to certain consultants.                                                                                                                                                                      |
| Use                                                 
 of proceeds                                         |     | Other                                                                                                                                                                                                                         
 than possibly in connection with the exercise of warrants for cash, we will not receive any of the proceeds from the sale                                                                                                     
 of the shares of Common Stock by the Selling Shareholders.                                                                                                                                                                    |
| Ticker                                              
 Symbol                                              |     | Our                                                                                                                                                                                                                           
 shares of Common Stock and public warrants are listed on Nasdaq under the symbol “LTRY” and “LTRYW.”                                                                                                                          |

(1) The number of shares of Common Stock issued and outstanding of Lottery.com Inc. is 12,793,488 as of April 9, 2025.

| 44 |

<div align='center'>USE OF PROCEEDS</div>

Our offering of $100,000,000 in our securities
for the Stock Purchase Agreement. The table below depicts how we plan to utilize the proceeds in the event that 25%, 50%, 75% and 100%
of the securities in this offering are sold; however, the amounts actually expended for working capital as well as other purposes may
vary significantly and will depend on a number of factors, including the amount of our future revenues and the other factors described
under “Risk Factors.” Accordingly, we will retain broad discretion in the allocation of proceeds of this Offering.

Proceeds from Stock Purchase Agreement

| Amount of Securities Sold                  |     |        25% |     |        50% |     |        75% |     |        100% |
| Gross proceeds from this Offering (1)      |     | 25,000,000