Company: LTRYW
Filing Date: 2025-01-30
Form Type: PRE 14A
Source: 0001493152-25-004309
Chunk: 34

Company: Lottery.com Inc.
Filing Date: 2025-01-30
Form: PRE 14A
Chunk 34
---
unicación, S.A.P.I. de CV and is President of the American Advertising Federation Lexington chapter.

<div align='center'>EXECUTIVE COMPENSATION</div>

This section discusses the material components of the executive compensation program for the executive officers of Lottery.com who were “named executive officers,” or NEOs for fiscal 2023. This discussion may contain forward-looking statements that are based on our current plans, considerations, expectations and determinations regarding future compensation programs. Actual compensation programs that we adopt may differ materially from the existing and currently planned programs summarized or referred to in this discussion.

As an emerging growth company, we have opted to comply with the executive compensation disclosure rules applicable to “smaller reporting companies” as such term is defined in the rules promulgated under the Securities Act, which, in general, require compensation disclosure for our principal executive officer and its two other most highly compensated executive officers, referred to herein as our NEOs.

Introduction

The primary objectives of our executive compensation programs are to attract and retain talented executives to effectively manage and lead our Company. Our NEOs for fiscal 2023 are:

| ● | Our                                                     
 former CEOs, Mark Gustavson and Sohail S. Quraeshi; and |
| ● | Our                                                     
 former executive officers, Edward Moffly.               |

Summary Compensation Table

The following table provides summary information concerning compensation of our named executive officers for services rendered to us during fiscal years noted.

| Name and Principal Position |     | Year |      |     | Salary(1) 
 ($)       |         |     | Bonus 
 ($)   |         |     | Stock     
 Awards(2) 
 ($)       |        |   |     | Option 
 Awards 
 ($)    |   |     | Non-Equity     
 Incentive Plan 
 Compensation   
 ($)            |   |     | All Other    
 Compensation 
 ($)          |   |     | Total 
 ($)   |         |
| Matthew McGahan CEO         |     |      | 2023 |     |           | 262,302 |     |       | 131,923 |     |           |     (4 | ) |     |        | - |     |                | - |     |              | - |     |       | 394,325 |
| Mark Gustavson              |     |      | 2023 |     |           | 140,770 |     |       |       - |     |           |      - |   |     |        | - |