Company: LTRYW
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010091
Chunk: 101

Company: Lottery.com Inc.
Filing Date: 2025-05-14
Form: S-1/A
Chunk 101
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 be read in conjunction with, and are qualified in their entirety by reference to, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and the notes thereto included elsewhere in this Prospectus.

|                                      |     | Year Ended | December 31, 2024 |   |     |     | December 31, 2023 |   |
|:-------------------------------------|:----|:-----------|------------------:|:--|:----|:----|------------------:|:--|
| Total revenues                       |     |            |         1,065,788 |   |     |     |         7,018,819 |   |
| Total operating expenses             |     |            |        18,907,211 |   |     |     |        19,003,118 |   |
| Total other expense                  |     |            |        10,520,468 |   |     |     |         8,055,196 |   |
| Net loss after income taxes          |     |            |       (28,391,651 | ) |     |     |       (25,836,312 | ) |
| Basic and diluted net loss per share |     |            |             (3.27 | ) |     |     |             (9.81 | ) |
| Balance Sheet Data (at period end)   |     |            |                   |   |     |     |                   |   |
| Cash and cash equivalents            |     |            |            68,035 |   |     |     |           359,826 |   |
| Working capital (deficit)            |     |            |       (12,818,924 | ) |     |     |        (7,449,358 | ) |
| Total assets                         |     |            |        52,942,271 |   |     |     |        64,408,563 |   |
| Total liabilities                    |     |            |        30,397,442 |   |     |     |        27,818,945 |   |
| Stockholders’ equity                 |     |            |        22,544,829 |   |     |     |        36,589,618 |   |

| 47 |

<div align='center'>MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS</div>

You should read the