Lottery.com, Inc. Receives Expected Notice from NASDAQ Stock Market Pertaining to its 10-Q of March 31, 2023

Company Files Several Delinquent Reports with the SEC

AUSTIN, Texas, May 24, 2023 (GLOBE NEWSWIRE) -- On May 18, 2023, Lottery.com, Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market, LLC (“Nasdaq”) indicating that, as a result of not having timely filed its Form 10-Q for the period ended March 31, 2023 with the Securities and Exchange Commission (“SEC”), the Company remains in non-compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), which requires timely filing of all required periodic financial reports with the SEC.

Receipt of the Notice was expected by the Company since it has been actively working to cure all prior delinquent filings with the SEC in accordance with a schedule submitted to the Nasdaq Hearing Panel (the “Panel”). During the Company’s meeting with the Panel, which occurred on April 24, 2023, the Company presented to the Panel its timeline for completing the Company’s outstanding financial reports. To date, the Company has filed: Form 10-K/A for the fiscal year ended December 31, 2021 on May 10, 2023; Form 10-Q/A for the period ended March 31, 2022 on May 15, 2023; and Form 10-Q for the period ended June 30, 2022, on May 22, 2023.

While the Company can provide no assurances as to timing, the Company is committed to filing its reports as presented to the Panel to cure the remaining delinquencies.

The Company will promptly respond to Nasdaq regarding the Notice.

About Lottery.com

Lottery.com, Inc. is a leading technology company that is transforming how, where and when lotteries are played. Its engaging mobile and online platforms enable players and commercial partners located throughout the United States and other countries to remotely purchase safe and legal lottery games. Lottery participants look to the Company’s website, Lottery.com, for compelling, real-time results on over 800 lottery games from over 40 countries. In all that it does, Lottery.com’s mission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives. For more information, visit http://www.lottery.com.and for the Company’s filings with the SEC, visit https://ir.lottery.com/financials-filings/sec-filings.