Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 19

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 19
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 2023, the board of WinTogether
voted to reinstate the business relationship with the Company.

On April 1, 2024, Lottery.com
resumed its sweepstakes offerings through its partnership with the WinTogether.org foundation (DBA: DonateTo.Win. In April 2025, Sports.com sponsored a sweepstakes to support the Florida International University surrounding the
Formula 1 Crypto.com Miami Grand Prix 2025.

Current Operations

Despite the 2022
Operational Cessation, certain of the Company’s wholly owned subsidiaries have continued to operate under the direction of the
leadership teams that were in place prior to the Company’s acquisition of such companies. While the operational activities of
these subsidiaries vary, from the 2022 Operational Cessation through the date of this Report, each of our subsidiaries, namely
TinBu, Aganar and JuegaLotto has decreased its expenses and has had its revenue remain consistent or decrease slightly from
pre-Operational Cessation levels.

Data Services

In 2018, we acquired TinBu, LLC
(“TinBu”), a wholly owned subsidiary, which is a digital publisher and provider of lottery and other data results, jackpots,
results, and other data, as a wholly-owned subsidiary. Through TinBu, our Data Service delivers daily results of over 800 domestic and
international lottery games from more than 40 countries, including the U.S., Canada, and the United Kingdom, to over 400 digital publishers
and media organizations. See “Item 1A. Risk Factors – We are party to pending litigation and investigations in various jurisdictions and with various plaintiffs and we may be subject to future litigation or investigations in the operation of our business. An adverse outcome in one or more proceedings could adversely affect our business, financial condition, and results of operations”.
(Also, see Item 3, “Legal Proceedings”, “TinBu Complaint”.)

Our technology pulls real time primary source data, and, in some instances, we acquire data from dedicated data feeds from the lottery authorities. Our data is constantly monitored to ensure accuracy and timely delivery. We are not required to obtain licenses or approvals from the lottery authorities to pull this primary source data or to acquire the data from such dedicated feeds. Commercial acquirers of our Data Service pay a subscription for access to the Data Service and, for acquisition of certain large data sets, an additional per record fee.

We additionally had entered into multi-year contracts pursuant to