Lottery.com (LTRY) 10-Q 16 May 22 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2022	May 09, 2022
Document Information Line Items
Entity Registrant Name	Lottery.com Inc.
Trading Symbol	LTRY
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		50,760,799
Amendment Flag	false
Entity Central Index Key	0001673481
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-38508
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	81-1996183
Entity Address, Address Line One	20808 State Hwy 71 W
Entity Address, Address Line Two	Unit B, Spicewood
Entity Address, City or Town	TX
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78669
Local Phone Number	592-2451
City Area Code	512
Title of 12(b) Security	Common stock, $0.001 par value
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 50,795,889	$ 62,638,970
Accounts receivable	35,796,548	21,696,653
Prepaid expenses	12,843,029	13,896,638
Other current assets	246,599	226,200
Total current assets	99,682,065	98,458,461
Note receivable	6,500,000
Investments	250,000	250,000
Goodwill	19,590,758	19,590,758
Intangible assets, net	28,500,219	28,710,980
Property and equipment, net	121,293	141,279
Total assets	154,644,335	147,151,478
Current liabilities:
Trade payables	2,559,846	1,006,535
Deferred revenue	544,643	662,335
Notes payable - current	3,477,339	3,771,340
Accrued interest	180,281	176,260
Accrued and other expenses	4,081,672	4,528,815
Total current liabilities	10,843,781	10,145,285
Long-term liabilities:
Other long term liabilities	1,522	1,169
Total long-term liabilities	1,522	1,169
Total liabilities	10,845,303	10,146,454
Commitments and contingencies
Equity
Controlling Interest
Preferred Stock, par value $0.001, 1,000,000 shares authorized, none issued and outstanding
Common stock, par value $0.001, 500,000,000 shares authorized, 46,928,367 and 46,808,251 issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	46,928	46,808
Additional paid-in capital	263,022,161	240,411,298
Accumulated other comprehensive loss	(1,719)	(655)
Accumulated deficit	(121,919,207)	(106,232,518)
Total Lottery.com Inc. stockholders’ equity	141,148,163	134,224,933
Noncontrolling interest	2,650,869	2,780,091
Total Equity	143,799,032	137,005,024
Total liabilities and stockholders’ equity	$ 154,644,335	$ 147,151,478

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred Stock, shares issued
Preferred stock, shares outstanding
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	46,928,367	46,808,251
Common stock, shares outstanding	46,928,367	46,808,251

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenue	$ 21,150,892	$ 5,461,539
Cost of revenue	3,165,469	2,946,981
Gross profit	17,985,423	2,514,558
Operating expenses:
Personnel costs	25,975,863	1,095,793
Professional fees	3,055,039	2,415,198
General and administrative	3,399,896	1,388,574
Depreciation and amortization	1,373,925	367,259
Total operating expenses	33,804,723	5,266,824
Loss from operations	(15,819,300)	(2,752,266)
Other expenses
Interest (income) expense	(953)	2,472,048
Other (income) expense	(2,436)	231,720
Total other (income) expenses, net	(3,389)	2,703,768
Net loss before income tax	(15,815,911)	(5,456,034)
Income tax expense (benefit)
Net loss	(15,815,911)	(5,456,034)
Other comprehensive loss
Foreign currency translation adjustment, net	(1,064)
Comprehensive loss	(15,816,975)	(5,456,034)
Net income attributable to noncontrolling interest	129,222
Net loss attributable to Lottery.com Inc.	$ (15,687,753)	$ (5,456,034)
Net loss per common share
Basic and diluted (in Dollars per share)	$ (0.33)	$ (0.24)
Weighted average common shares outstanding
Basic and diluted (in Shares)	46,832,919	22,888,700

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Equity (Unaudited) - USD ($)	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total AutoLotto Inc. Stockholders’ Equity	Noncontrolling Interest
Balance at Dec. 31, 2020	$ 16,634,973	$ 22,658		$ 111,752,883	$ (95,140,568)		$ 16,634,973
Balance (in Shares) at Dec. 31, 2020		22,658,006
Issuance of common stock upon stock option exercise	900	$ 15		885			900
Issuance of common stock upon stock option exercise (in Shares)		15,029
Conversion of convertible debt	935,000	$ 1,398		933,602			935,000
Conversion of convertible debt (in Shares)		1,398,224
Beneficial conversion feature	9,149,683			9,149,683			9,149,683
Issuance of digital securities	108,332			108,332			108,332
Stock based compensation	2,160			2,160			2,160
Net loss	(5,456,034)				(5,456,034)		(5,456,034)
Balance at Mar. 31, 2021	21,375,014	$ 24,071		121,947,545	(100,596,602)		21,375,014
Balance (in Shares) at Mar. 31, 2021		24,071,259
Balance at Dec. 31, 2021	137,005,024	$ 46,808		240,411,298	(106,232,518)	(655)	134,224,933	2,780,091
Balance (in Shares) at Dec. 31, 2021		46,808,251
Issuance of common stock upon stock option exercise		$ 60		(60)
Issuance of common stock upon stock option exercise (in Shares)	488,296	60,116
Issuance of common stock for legal settlement	$ 241,800	$ 60		241,740			241,800
Issuance of common stock for legal settlement (in Shares)		60,000
Stock based compensation	22,174,488			22,174,488			22,174,488
Issuance of warrants	194,695,000,000						194,695,000,000
Other comprehensive loss	(1,064)					(1,064)	(1,064)
Net loss	(15,815,911)				(15,686,689)		(15,686,689)	(129,222)
Balance at Mar. 31, 2022	$ 143,799,032	$ 46,928		$ 263,022,161	$ (121,919,207)	$ (1,719)	$ 141,148,163	$ 2,650,869
Balance (in Shares) at Mar. 31, 2022		46,928,367

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flow from operating activities
Net loss attributable to Lottery.com Inc.	$ (15,686,689)	$ (5,456,034)
Adjustments to reconcile net loss to net cash used in operating activities:
Net income attributable to noncontrolling interest	(129,222)
Depreciation and amortization	1,373,925	367,259
Non-cash interest expense		1,841,807
Stock-based compensation expense	22,174,488	2,160
Changes in assets & liabilities:
Accounts receivable	(14,099,895)
Prepaid expenses	1,053,609	894,872
Other current assets	(20,399)	(54,853)
Trade payables	1,553,311	(354,736)
Deferred revenue	(117,692)	(2,039,113)
Accrued interest	4,021	(605,961)
Accrued and other expenses	(10,648)	1,512,125
Other long term liabilities	353
Net cash provided by operating activities	(3,904,838)	(3,892,474)
Cash flow from investing activities
Purchases of property and equipment	(18,305)	(57,452)
Purchases of intangible assets	(1,124,873)	(3,050,000)
Net cash used in investing activities	(1,143,178)	(3,107,452)
Cash flow from financing activities
Issuance of digital securities		108,332
Proceeds from exercise of options and warrants		895
Proceeds from issuance of convertible debt		19,282,619
Issuance of note receivable	(6,500,000)
Principal payments on debt	(294,001)	(4,856,250)
Net cash provided by financing activities	(6,794,001)	14,535,596
Effect of exchange rate changes on cash	(1,064)
Net change in net cash and restricted cash	(11,843,081)	7,535,670
Cash and restricted cash at beginning of period	62,638,970	10,775,511
Cash and restricted cash at end of period	50,795,889	18,311,181
SUPPLEMENTAL DISCLOSURES:
Interest paid in cash		24,280
Non cash investing and financing activities
Issuance of warrants	194,695
Common Stock issued for legal settlement	241,800
Conversion of convertible debt into common stock		935,000
Purchase of intangible assets through the issuance of convertible debt		$ 15,450,000

Nature of Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2022
Nature of Operations [Abstract]
Nature of Operations	1. Nature of Operations Description of Business Lottery.com Inc. (formerly Trident Acquisitions Corp) (“TDAC”, “Lottery.com” or “the Company”), was formed as a Delaware corporation on March 17, 2016. On October 29, 2021, we consummated a business combination (the “Business Combination”) with AutoLotto, Inc. (“AutoLotto”) pursuant to the terms of a Business Combination Agreement, dated as of February 21, 2021 (“Business Combination Agreement”). Following the closing of the Business Combination (the “Closing”) we changed our name from “Trident Acquisitions Corp.” to “Lottery.com Inc.” and the business of AutoLotto became our business. Tony DiMatteo and Matt Clemenson, the co-founders of AutoLotto, continue to lead our Company as Chief Executive Officer and Chief Revenue Officer, respectively. In connection with the Business Combination the Company moved its headquarters from New York, New York to AutoLotto’s offices in Spicewood, Texas. The Company is a leading provider of domestic and international lottery products and services. As an independent third-party lottery game service, the Company offers a platform that it developed and operates to enable the remote purchase of legally sanctioned lottery games in the U.S. and abroad (the “Platform”). The Company’s revenue generating activities are focused on (i) offering the Platform via the Lottery.com app and our websites to users located in the U.S. and international jurisdictions where the sale of lottery games is legal and our services are enabled for the remote purchase of legally sanctioned lottery games (our “B2C Platform ” As a provider of lottery products and services, the Company is required to comply, and its business is subject to regulation in each jurisdiction in which the Company offers the B2C Platform, or a commercial partner offers users access to lottery games through the B2B API. In addition, it must also comply with the requirements of federal and other domestic and foreign regulatory bodies and governmental authorities in jurisdictions in which the Company operates or with authority over its business. The Company’s business is additionally subject to multiple other domestic and international laws, including those relating to the transmission of information, privacy, security, data retention, and other consumer focused laws, and, as such, may be impacted by changes in the interpretation of such laws. On June 30, 2021, the Company acquired interest in Medios Electronicos y de Comunicacion, S.A.P.I de C.V. (“Aganar”) and JuegaLotto, S.A. de C.V. (“JuegaLotto”). Aganar is authorized to operate in the licensed iLottery market in Mexico since 2007 as an online retailer of Mexican National Lottery draw games, instant digital scratch-off games and other games of chance. JuegaLotto is authorized by the Mexican federal regulatory authorities to sell international lottery games in Mexico.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Nature of Operations [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. Certain footnotes and other financial information normally required by accounting principles generally accepted in the United States of America, or GAAP, have been condensed or omitted in accordance with such rules and regulations. In management’s opinion, these condensed consolidated financial statements have been prepared on the same basis as our annual consolidated financial statements and notes thereto and include all adjustments, consisting of normal recurring items, considered necessary for the fair presentation. The operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. The condensed consolidated balance sheet as of December 31, 2021 has been derived from our audited financial statements at that date but does not include all disclosures and financial information required by GAAP for complete financial statements. The information included in the quarterly report on Form 10-Q should be read in conjunction with our consolidated financial statements and notes thereto for the year ended December 31, 2021, which were included in our annual report on Form 10-K, as filed with the Securities and Exchange Commission on April 1, 2022. Impact of Trident Acquisition Corp. Business Combination We accounted for the October 29, 2021 Business Combination as a reverse recapitalization whereby AutoLotto was determined as the accounting acquirer and TDAC as the accounting acquiree. This determination was primarily based on: ● former AutoLotto stockholders having the largest voting interest in Lottery.com; ● the Board of Directors of Lottery.com having not less than 5 members, and TDAC only having the ability under the Business Combination Agreement to nominate one member to the Board of Directors for an initial two year term; ● AutoLotto management continuing to hold executive management roles for the post-Business Combination entity and being responsible for the day-to-day operations; ● the post-Business Combination entity assuming the Lottery.com name, which was the assumed name under which AutoLotto conducted business; ● Lottery.com maintaining the pre-existing AutoLotto headquarters; and ● the intended strategy of Lottery.com being a continuation of AutoLotto’s strategy. Accordingly, the Business Combination was treated as the equivalent of AutoLotto issuing stock for the net assets of TDAC, accompanied by a recapitalization. The net assets of TDAC are stated at historical cost, with no goodwill or other intangible assets recorded. While TDAC was the legal acquirer in the Business Combination, because AutoLotto was determined as the accounting acquirer, the historical financial statements of AutoLotto became the historical financial statements of the combined company, upon the consummation of the Business Combination. As a result, the financial statements included in the accompanying condensed consolidated financial statements reflect (i) the historical operating results of AutoLotto prior to the Business Combination; (ii) the combined results of the Company and AutoLotto following the Closing; (iii) the assets and liabilities of AutoLotto at their historical cost; and (iv) the Company’s equity structure for all periods presented. In connection with the Business Combination transaction, we have converted the equity structure for the periods prior to the Business Combination to reflect the number of shares of the Company’s common stock issued to AutoLotto’s stockholders in connection with the recapitalization transaction. As such, the shares, corresponding capital amounts and earnings per share, as applicable, related to AutoLotto convertible preferred stock and common stock prior to the Business Combination have been retroactively converted by applying the exchange ratio established in the Business Combination. Non-controlling Interests Non-controlling interests represent the proportionate ownership of Aganar and JuegaLotto, held by minority members and reflect their capital investments as well as their proportionate interest in subsidiary losses and other changes in members’ equity, including translation adjustments. Segment Reporting Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the Chief Operating Decision Maker in deciding how to allocate resources and in assessing operating performance. Under the provisions of ASC 280-10, “Segment Reporting” (“ASC 280”), the Company is not organized around specific services or geographic regions. The Company operates in one service line, providing lottery products and services. We determined that our Chief Financial Officer is the Chief Operating Decision Maker and they use financial information, business prospects, competitive factors, operating results and other non-U.S. GAAP financial ratios to evaluate our performance, which is the same basis on which our results and performance are communicated to our Board of Directors. Based on the information described above and in accordance with the applicable literature, management has concluded that we are organized and operated as one operating and reportable segment on a condensed consolidated basis for each of the periods presented. Concentration of Credit Risks Financial instruments that are potentially subject to concentrations of credit risk are primarily cash. Cash is placed with major financial institutions deemed to be of high-credit-quality in order to limit credit exposure. Cash is regularly maintained in excess of federally insured limits at the financial institutions. Management believes that the Company is not exposed to any significant credit risk related to cash deposits. Significant customers are those which represent more than 10% of the Company’s revenue for each period presented, or the Company’s accounts receivable balance as of each respective balance sheet date. For each significant customer, revenue as a percentage of total revenue and accounts receivable as a percentage of total net accounts receivable are as follows: Revenue For the three Accounts March 31, March 31, Customer 2022 2021 2022 2021 Customer A 87.7 % - % 99.6 % - % Use of Estimates The preparation of the financial statements requires management to make estimates and assumptions to determine the reported amounts of assets, liabilities, revenue and expenses. Although management believes these estimates are reasonable, actual results could differ from these estimates. The Company evaluates its estimates on an ongoing basis and prepares its estimates on historical experience and other assumptions the Company believes to be reasonable under the circumstances. Foreign currency translation Assets and liabilities of subsidiaries operating outside the United States with a functional currency other than U.S. Dollars are translated into U.S. Dollars using year-end exchange rates. Sales, costs and expenses are translated at the average exchange rates in effect during the year. Foreign currency translation gains and losses are included as a component of accumulated other comprehensive income (loss). Cash and Cash Equivalents As of March 31, 2022 and December 31, 2021, cash and cash equivalents comprised of cash deposits, and deposits with some banks exceeded federally insured limits with the majority of cash held in one financial institution. Management believes all financial institutions holding its cash are of high credit quality and does not believe the Company is subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships. The Company had no marketable securities as of March 31, 2022 and December 31, 2021. Accounts Receivable The Company through its various merchant providers pre-authorizes forms of payment prior to the sale of digital representation of lottery games to minimize exposure to losses related to uncollected payments and does not extend credit to the user of the B2C Platform or the commercial partner of the B2B API, being its customers, in the normal course of business. The Company accrues 100 percent of all expenses associated with LotteryLink prior to issuing accounts payable to a Master Affiliate or receiving associated payment. The Company estimates its bad debt exposure each period and records a bad debt provision for accounts receivable it believes it may not collect in full. The Company did not record any allowance for uncollectible receivables as of March 31, 2022 and December 31, 2021. The Company has not incurred bad debt expense historically. Prepaid Expenses Prepaid expenses consist of payments made on contractual obligations for services to be consumed in future periods. The Company entered into an agreement with a third party to provide advertising services and issued equity instruments as compensation for the advertising services. The Company expenses the service as it is performed. The value of the services provided were used to value these contracts. The current portion of prepaid expenses is included in current assets on the condensed consolidated balance sheets. Investments On August 2, 2018, AutoLotto purchased 186,666 shares of Class A-1 common stock of a third-party business development partner representing 4% of the total outstanding shares of such company. As this investment resulted in less than 20% ownership, it was accounted for using the cost basis method. Property and equipment, net Property and equipment are stated at cost. Depreciation and amortization are generally computed using the straight-line method over estimated useful lives ranging from three five Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Computers and equipment 3 years Furniture and fixtures 5 years Software 3 years Notes Receivable Notes receivable consist of contracts where the Company has lent funds to outside parties. The Company accrues interest receivable over the term of the outstanding notes and reviews for doubtful collectability periodically but in no instance less than annually. Leases Right-of-use assets (“ROU assets”) represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Variable lease payments are not included in the calculation of the right-of-use asset and lease liability due to uncertainty of the payment amount and are recorded as lease expense in the period incurred. As most of the leases do not provide an implicit rate, the Company used its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Otherwise, the implicit rate was used when readily determinable. The lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Under the available practical expedient, the Company accounts for the lease and non-lease components as a single lease component for all classes of underlying assets as both a lessee and lessor. Further, management elected a short-term lease exception policy on all classes of underlying assets, permitting the Company to not apply the recognition requirements of this standard to short-term leases (i.e. leases with terms of 12 months or less). Internal Use Software Development Software development costs incurred internally to develop software programs to be used solely to meet our internal needs and applications are capitalized once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the intended function. Additionally, we capitalize qualifying costs incurred for upgrades and enhancements to existing software that result in additional functionality. Costs related to preliminary project planning activities, post-implementation activities, maintenance and minor modifications are expensed as incurred. Internal-use software development costs are amortized on a straight line basis over the estimated useful life of the software. Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of assets acquired over the fair value of the net assets at the date of acquisition. Intangible assets represent the fair value of separately recognizable intangible assets acquired in connection with the Company’s business combinations. The Company evaluates its goodwill and other intangibles for impairment on an annual basis or whenever events or circumstances indicate that an impairment may have occurred in accordance with the provisions of ASC 350, “ Goodwill and Other Intangible Assets Revenue Recognition Under the new standard, ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606) Lottery game revenue Items that fall under this revenue classification include: Lottery game sales The Company’s performance obligations of delivering lottery games are satisfied at the time in which the digital representation of the lottery game is delivered to the user of the B2C Platform or the commercial partner of the B2B API, therefore, are recognized at a point in time. The Company receives consideration for lottery game sales at the time of delivery to the customer, being the user or commercial partner, as applicable. There is no variable consideration related to lottery game sales. As each individual lottery game delivered represents a distinct performance obligation and consideration for each game sale is fixed, representing the standalone selling price, there is no allocation of consideration necessary. In accordance with ASC 606, the Company evaluates the presentation of revenue on a gross versus net basis dependent on if the Company is a principal or agent. In making this evaluation, some of the factors that are considered include whether the Company has control over the specified good or service before it is transferred to the customer. The Company also assesses if it is primarily responsible for fulfilling the promise to provide the specified good or service, has inventory risk, and has discretion in establishing the price. For all of the Company’s transactions, management concluded that gross presentation is appropriate, as the Company is primarily responsible for providing the performance obligation directly to the customers and assumes fulfillment risk of all lottery game sales as it retains physical possession of lottery game sales tickets from time of sale until the point of redemption. The Company also retains inventory risk on all lottery game sales tickets as they are responsible for any potential winnings related to lost or unredeemable tickets at the time of redemption. Finally, while each jurisdiction establishes the face value of the lottery ticket, being the game sales prices, the Company charges a separate and additional fee for the services it provides. Affiliate marketing credit revenue The Company’s performance obligation in agreements with certain customers is to transfer previously acquired affiliate marketing credits (“credits”). Customers’ payment for these credits is priced on a per-contract basis. The performance obligation in these agreements is to provide title rights of the previously acquired credits to the customer. This transfer is point-in-time when the revenue is recognized, and there are no variable considerations related to this performance obligation. Arrangements with multiple performance obligations The Company’s contracts with customers may include multiple performance obligations. For such arrangements, management allocates revenue to each performance obligation based on its relative standalone selling price. Management generally determines standalone selling prices based on the prices charged to customers. Deferred Revenue The Company records deferred revenue when cash payments are received or due in advance of any performance, including amounts which are refundable. Payment terms vary by the type and location of the customer and the products or services offered. The term between invoicing and when payment is due is not significant. For certain products or services and customer types, management requires payment before the products or services are delivered to the customer. Contract Assets Given the nature of the Company’s services and contracts, it has no contract assets. Taxes Taxes assessed by a governmental authority that are both imposed on and concurrent with specific revenue-producing transactions, that are collected by us from a customer, are excluded from revenue. Cost of Revenue Cost of revenue consists primarily of variable costs, comprising (i) the cost of procurement of lottery games, minus winnings to users, additional expenses related to the sale of lottery games, including, commissions, affiliate fees and revenue shares; and (ii) payment processing fees on user fees, including, chargebacks imposed on the Company. Other non-variable costs included in cost of revenue include affiliate marketing credits acquired on a per-contract basis. Stock-based Compensation Effective October 1, 2019, the Company adopted ASU 2018-07, Compensation – “Stock Compensation (Topic 718): Improvements to Nonemployee Share-based Payment Accounting” Recent Accounting Pronouncements In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and other (Topic 350) In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments In December 2019, the FASB issued ASU No 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ( ) In October 2020, the FASB issued ASU No. 2020-09, Debt (Topic 470) (“ ”).

Business Combination

Business Combination	3 Months Ended
	Mar. 31, 2022
Business Combinations [Abstract]
Business Combination	3. Business Combination TDAC Combination On October 29, 2021, the Company and AutoLotto consummated the transactions contemplated by the Business Combination Agreement. At the Closing, each share of common stock and preferred stock of AutoLotto that was issued and outstanding immediately prior to the effective time of the Merger (other than excluded shares as contemplated by the Business Combination Agreement) was canceled and converted into the right to receive approximately 3.0058 shares (the “Exchange Ratio”) of Lottery.com. common stock. The Merger closing was a triggering event for the Series B convertible notes, of which $63.8 million was converted into 3,248,526 shares of AutoLotto that were then converted into 9,764,511 shares of Lottery.com common stock using the Exchange Ratio. At the Closing, each option to purchase AutoLotto’s common stock, whether vested or unvested, was assumed and converted into an option to purchase a number of shares of Lottery.com common stock in the manner set forth in the Business Combination Agreement. The Company accounted for the Business Combination as a reverse recapitalization whereby AutoLotto was determined as the accounting acquirer and TDAC as the accounting acquiree. Refer to Note 2, Summary of Significant Accounting Policies The accompanying condensed consolidated financial statements and related notes reflect the historical results of AutoLotto prior to the merger and do not include the historical results of TDAC prior to the consummation of the Business Combination. Upon the Closing, AutoLotto received total net proceeds of approximately $42,794,000, from TDAC’s trust and operating accounts. Total transaction costs were approximately $9,460,000, which principally consisted of advisory, legal and other professional fees and were recorded in additional paid in capital. Cumulative debt repayments of approximately $11,068,000, inclusive of accrued but unpaid interest, were paid in conjunction with the close, which included approximately $5,475,000 repayment of notes payable to related parties, and approximately $5,593,000 payment of accrued underwriter fees. Pursuant to the terms of the Business Combination Agreement, the holders of issued and outstanding shares of AutoLotto immediately prior to the Closing (the “Sellers”) were entitled to receive up to 6,000,000 additional shares of Common Stock (the “Seller Earnout Shares”) and Vadim Komissarov, Ilya Ponomarev and Marat Rosenberg (collectively the “TDAC Founders”) were also entitled to receive up to 4,000,000 additional shares of Common Stock (the “TDAC Founder Earnout Shares” and, together with the Seller Earnout Shares, the “Earnout Shares”). One of the earnout criteria had not been met by the December 31, 2021 deadline thus no earnout shares were granted specific to that criteria. As of March 31, 2022, 3,000,000 of the Seller Earnout Shares and 2,000,000 TDAC Founder Earnout Shares are still eligible Earnout Shares until December 31, 2022. Global Gaming Acquisition On June 30, 2021, the Company executed upon its acquisition of 100 percent of equity of Global Gaming Enterprises, Inc., a Delaware corporation (“Global Gaming”), which holds 80 percent of the equity of each of Medios Electronicos y de Comunicacion, S.A.P.I de C.V. (“Aganar”) and JuegaLotto, S.A. de C.V. (“JuegaLotto”). JuegaLotto is federally authorized by the Mexico regulatory authorities with jurisdiction over the ability to sell international lottery games in Mexico through an authorized federal gaming portal and is authorized for games of chance in other countries throughout Latin America. Aganar has been operating in the licensed iLottery market in Mexico since 2007 and is authorized to sell Mexican National Lottery draw games, instant win tickets, and other games of chance online and additionally issues a proprietary scratch lottery game in Mexico under the brand name Capalli. The opening balance of the acquirees have been included in our condensed consolidated balance sheet since the date of the acquisition. Since the acquirees’ financial statements were denominated in Mexican pesos, the exchange rate of 22.0848 pesos per dollar was used to translate the balances. The net purchase price was allocated to the assets and liabilities acquired as per the table below. Goodwill represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The fair values of the acquired intangible assets were determined using Level 3 inputs which were not observable in the market. The total purchase price of $10,989,691, consisting of cash of $10,530,000 and 687,439 shares of common stock of AutoLotto at $0.67 per share. The total consideration transferred was approximately $10,055,214, reflecting the purchase price, net of cash on hand at Global Gaming and the principal amount of certain loans acquired. The purchase price is for an 80 percent ownership interest and is therefore grossed up to $13,215,843 as to reflect the 20 percent minority interest in the acquirees. The purchase price was allocated to the identified tangible and intangible assets acquired based on their estimated fair values at the acquisition date as follows: Cash $ 517,460 Accounts receivable, net 34,134 Prepaids 5,024 Property and equipment, net 2,440 Other assets, net 65,349 Intangible assets 8,590,000 Goodwill 4,940,643 Total assets $ 14,155,051 Accounts payable and other liabilities $ (387,484 ) Customer deposits (134,707 ) Related party loan (417,017 ) Total liabilities $ (939,208 ) Total net assets of Acquirees $ 13,215,843 Goodwill recognized in connection with the acquisition is primarily attributed to an anticipated growing lottery market in Mexico that is expected to be achieved from the integration of these Mexican entities. None of the goodwill is expected to be deductible for income tax purposes. Following are details of the purchase price allocated to the intangible assets acquired. Category Fair Value Customer relationships $ 410,000 Gaming approvals 4,020,000 Trade names and trademarks 2,540,000 Technology 1,620,000 Total Intangibles $ 8,590,000 The following unaudited pro forma condensed consolidated results of operations for the three months ended March 31, 2022 have been prepared as if the acquisition of Global Gaming had occurred on January 1, 2021 and includes adjustments for amortization of intangibles and the addition to basic and diluted weighted average number of shares outstanding. For the three months ended March 31, 2022 Global Lottery.com Gaming Pro forma Total revenues $ 5,461,539 1,038,737 $ 6,500,276 Net income (loss) (5,456,034 ) (7,171 ) (5,463,205 ) Net income (loss) attributable to shareholders $ (5,456,034 ) (7,171 ) $ (5,463,205 ) Net income (loss) per common share Basic and diluted $ (0.24 ) $ (0.24 ) Weighted average common shares outstanding Basic and diluted 22,888,700 22,888,700 Subsequently, the Company adjusted Goodwill for the recording of related deferred tax liabilities as the Company released $1.6 million of valuation allowance since the additional deferred tax liabilities represent a future source of taxable income. See Note 11.

Property and Equipment, net

Property and Equipment, net	3 Months Ended
	Mar. 31, 2022
Property and Equipment, Net [Abstract]
Property and Equipment, net	4. Property and Equipment, net Property and equipment, net as of March 31, 2022 and December 31, 2021, consisted of the following: March 31, December 31, 2022 2021 Computers and equipment $ 110,498 $ 113,151 Furniture and fixtures 31,818 23,760 Software 1,903,121 1,903,121 Property and equipment 2,045,437 2,040,032 Accumulated depreciation (1,924,144 ) (1,898,753 ) Property and equipment, net $ 121,293 $ 141,279 Depreciation expense for the three months ended March 31, 2022 and 2021 amounted to $38,291 and $135,842, respectively.

Intangible Assets, net

Intangible Assets, net	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets, net	5. Intangible assets, net TinBu Acquisition The following intangible assets, net relate to the acquisition of TinBu LLC (“TinBu”): Customer Relationships Customer relationships represent the valuation of acquired customer accounts. The cost is amortized on the straight-line method over its estimated useful life of six years. March 31, December 31, 2022 2021 Cost basis $ 940,000 $ 940,000 Less: accumulated amortization (561,389 ) (522,222 ) $ 378,611 $ 417,778 Amortization expense for the three months ended March 31, 2022 and 2021 was $39,167. Estimated amortization expense for each of the ensuing years through December 31, 2024 will be $156,667 (except for 2024, which will be $104,444). Trade Name Trade name consists of the valuation of the Company’s trademarks and brand identity. The trade name is being amortized on the straight-line method over its respective term of six years. March 31, December 31, 2022 2021 Cost basis $ 10,000 $ 10,000 Less: accumulated amortization (5,972 ) (5,556 ) $ 4,028 $ 4,444 Amortization expense for the three months ended March 31, 2022 and 2021 was $416. Estimated amortization expense for each of the ensuing years through December 31, 2024 will be $1,667 (except for 2024, which will be $1,111). Technology Technology represents the valuation of acquired technology. The cost is amortized on the straight-line method over its estimated useful life of six years. March 31, December 31, 2022 2021 Cost basis $ 1,430,000 $ 1,430,000 Less: accumulated amortization (854,028 ) (794,444 ) $ 575,972 $ 635,556 Amortization expense for the three months ended March 31, 2022 and 2021 was $59,584. Estimated amortization expense for each of the ensuing years through December 31, 2024 will be $238,333 (except for 2024, which will be $158,889). Software Agreements The Company entered into a software agreement with a third party. As part of the agreement, the Company paid $2,000,000 for unlimited access to the software of the third party. The cost of this software agreement is amortized on the straight-line method over its estimated useful life of six years. March 31, December 31, 2022 2021 Cost basis $ 2,000,000 $ 2,000,000 Less: accumulated amortization (1,361,111 ) (1,277,777 ) $ 638,889 $ 722,223 Amortization expense for the three months ended March 31, 2022 and 2021 was $83,334. Estimated amortization expense for each of the ensuing years through December 31, 2024 will be $333,333 (except for 2024, which will be $55,556). Playsino, Inc. On March 9, 2018, the Company and Playsino, Inc. (“Playsino”) executed a Merger Agreement (the “Playsino Agreement”), which included a provision that, in the event of the Playsino Agreement’s termination, the Company would receive a non-exclusive license to certain programs, databases and operating systems owned by Playsino, Inc. without further action required by either the Company or Playsino. On February 15, 2021, the Company terminated the majority of the Playsino Agreement to pursue a business combination with TDAC. The surviving provision was the non-exclusive license for which the Company issued Playsino a Series B note in the principal amount to $12.45 million. The Company’s non-exclusive license to certain programs, databases and operating systems became effective as of the date of the termination of the Playsino Agreement, being February 15, 2021, on which both parties were able to agree on the value for the non-exclusive license. The non-exclusive license is treated as an intangible asset under ASC 350 “Intangibles — Goodwill and Other”. The useful life of the intangible asset is five years. The cost of the intangible asset is amortized on the straight-line method over its estimated useful life. As of the date of this filing, the Company’s management assessed that there were no triggering events or circumstances that indicated that the asset carrying value would be impaired. Management will continue to evaluate for impairment periodically in accordance with ASC 360-10 “ Overall — Recoverability of Carrying Amounts — Assets to Be Held and Used March 31, December 31, 2022 2021 Cost basis $ 12,450,000 $ 12,450,000 Less: accumulated amortization (2,490,000 ) (1,867,500 ) $ 9,960,000 $ 10,582,500 Amortization expense for the three months ended March 31, 2022 and 2021 was $622,500. Estimated amortization expense for each of the ensuing years through December 31, 2026 will be $2,075,000 (except for 2026, which will be $207,500). Sports.com Domain Acquisition In February 2021, the Company purchased the domain name sports.com. The total purchase price for title to the domain name was $6,000,000 which was partially paid in cash for $3,000,000 and the balance was settled by issuing Series B convertible debt of $3,000,000 (see Note 7). The cost is amortized on the straight-line method over its estimated useful life of fifteen years. March 31, December 31, 2022 2021 Cost basis $ 6,000,000 $ 6,000,000 Less: accumulated amortization (433,333 ) (333,333 ) $ 5,566,667 $ 5,666,667 Amortization expense for the three months ended March 31, 2022 and 2021 was $100,000 and $33,333, respectively. Estimated amortization expense for each of the ensuing years through December 31, 2036 will be $400,000 (except for 2036, which will be $66,667). Lottery.com Domain Acquisition In March 2017, the Company purchased the domain name lottery.com. The total purchase price was $935,000 for the domain name. The cost is amortized on the straight-line method over its estimated useful life of fifteen years. March 31, December 31, 2022 2021 Cost basis $ 935,000 $ 935,000 Less: accumulated amortization (311,667 ) (296,083 ) $ 623,333 $ 638,917 Amortization expense for the three months ended March 31, 2022 and 2021 was $15,584. Estimated amortization expense for each of the ensuing years through December 31, 2032, will be $62,333 (except for 2032, which will be $15,588). Aganar and JuegaLotto Acquisition The following intangible assets, net relate to the acquisition of Aganar and JuegaLotto: Customer Relationships Customer relationships represent the valuation of acquired customer accounts. The asset will be amortized on the straight-line method over its estimated useful life of six years. March 31, December 31, 2022 2021 Cost basis $ 410,000 $ 410,000 Less: accumulated amortization (51,250 ) (34,167 ) $ 358,750 $ 375,833 Amortization expense for the three months ended March 31, 2022 was $17,083. Estimated amortization expense for each of the ensuing years through December 31, 2027 will be $68,333 (except for 2027, which will be $34,167). Trade Name Trade name consists of the valuation of the Company’s trademarks and brand identity. The trade name is being amortized on the straight-line method over its respective term of six years. March 31, December 31, 2022 2021 Cost basis $ 2,540,000 $ 2,540,000 Less: accumulated amortization (317,500 ) (211,667 ) $ 2,222,500 $ 2,328,333 Amortization expense for the three months ended March 31, 2022 was $105,833. Estimated amortization expense for each of the ensuing years through December 31, 2027 will be $423,333 (except for 2027, which will be $211,667). Technology Technology represents the valuation of acquired technology. The asset will be amortized on the straight-line method over its estimated useful life of six years. March 31, December 31, 2022 2021 Cost basis $ 1,620,000 $ 1,620,000 Less: accumulated amortization (202,500 ) (135,000 ) $ 1,417,500 $ 1,485,000 Amortization expense for the three months ended March 31, 2022 was $67,500. Estimated amortization expense for each of the ensuing years through December 31, 2027 will be $270,000 (except for 2027, which will be $135,000). Gaming approvals represent the valuation of certain approvals allowing the entities to operate in certain jurisdictions. The asset will be amortized on the straight-line method over its estimated useful life of six years. March 31, December 31, 2022 2021 Cost basis $ 4,020,000 $ 4,020,000 Less: accumulated amortization (502,500 ) (335,000 ) $ 3,517,500 $ 3,685,000 Amortization expense for the three months ended March 31, 2022 was $167,000. Estimated amortization expense for each of the ensuing years through December 31, 2027 will be $670,000 (except for 2027, which will be $335,000). Internal Use Software Development The Company has reviewed the software development expenses associated with a variety of software development efforts during the year 2021 and three months ended March 31, 2022 and determined that a significant amount of the expense associated with internally developed software should be capitalized under ASC 350-40. The Company’s identified capitalized software intangible assets are amortized on a straight-line basis over their estimated useful lives, ranging from 2 to 10 years. March 31, December 31, 2022 2021 Cost basis $ 974,760 $ 111,951 Less: accumulated amortization (80,457 ) (23,323 ) $ 894,303 $ 88,628 Amortization expense for the three months ended March 31, 2022 was $57,134. Estimated amortization expense for years of useful life remaining is as follows: Years ending December 31, Amount 2022 228,537 2023 205,214 2024 172,562 2025 172,562 2026 115,428 The Company had software development costs of $2,342,163 and $2,080,999 related to project not placed in service as of March 31, 2022 and December 31, 2021, respectively which is included intangible assets in the Company’s consolidated balance sheets. Amortization will be calculated using the straight line method over the appropriate estimated useful life when the assets are put into service.

Notes Receivable

Notes Receivable	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Notes Receivable	6. Notes Receivable On March 22, 2022, the Company entered into a three year secured promissory note agreement with a principal amount of $6,500,000. The note bears simple interest at the rate of approximately 3.1% annually, due upon maturity of the note. The note is secured by all assets, accounts, and tangible and intangible property of the borrower and can be prepaid any time prior to its maturity date. As of March 31, 2022, the entire $6,500,000 in principal was outstanding and the Company had $4,932 in accrued interest. This note was received in consideration for a portion of the development work that the Company performed for the borrower who intends to use the Company’s technology to launch its own online game in a jurisdiction outside the U.S., where the Company is unlikely to operate.

Notes Payable and Convertible D

Notes Payable and Convertible Debt	3 Months Ended
	Mar. 31, 2022
Notes Payable and Convertible Debt [Abstract]
Notes Payable and Convertible Debt	7. Notes Payable and Convertible Debt Series A Notes From August to October 2017, the Company entered into seven Convertible Promissory Note Agreements with unaffiliated investors for an aggregate amount of $821,500. The notes bear interest at 10% per year, are unsecured, and were due and payable on June 30, 2019. The parties have verbally agreed to extend the maturity of the notes to December 31, 2022. The Company cannot prepay the loan without consent from the noteholders. As of March 31, 2022, there have been no Qualified Financing events that trigger conversion. As of March 31, 2022, the remaining outstanding balance of $771,500 is no longer convertible and has been reclassified to Notes Payable as per the agreement. Accrued interest on the note payable was $138,822 at March 31, 2022. Series B Notes From November 2018 to December 2020, the Company entered into multiple Convertible Promissory Note agreements with unaffiliated investors for an aggregate amount of $8,802,828. The notes bear interest at 8% per year, are unsecured, and were due and payable on dates ranging from December 2020 to December 2021. For those notes maturing on or before December 31, 2020, the parties entered into amendments in February 2021 to extend the maturity of the notes to December 21, 2021. The Company cannot prepay the loan without consent from the noteholders. During the year ended December 31, 2021, the Company entered into multiple Convertible Promissory Note agreements with unaffiliated investors for an aggregate amount of $38,893,733. The notes bear interest at 8% per year, are unsecured, and are due and payable on dates ranging from December 2021 to December 2022. The Company cannot prepay the loan without consent from the noteholders. As of December 31, 2021, the Series B Convertible Notes had a balance of $0. The Company also issued additional convertible promissory notes with unaffiliated investors for an aggregate amount of $10,000,000. The notes bear an interest at 6% per year, are unsecured and are due in May 2023. During the year ended December 31, 2021, the Company entered into amendments with six of the Series B promissory noteholders to increase the principal value of the notes. The additional principal associated with the amendments totaled $3,552,114. The amendments were accounted for as a debt extinguishment, whereby the old debt was derecognized and the new debt was recorded at fair value. The Company recorded loss on extinguishment of $71,812 as a result of the amendment which is mapped in “Other expenses” on the condensed consolidated statements of operations and comprehensive loss. As of October 29, 2021, all except $185,095 of the series B convertible notes were converted into 9,764,511 shares of Lottery.com common stock. As of March 31, 2022, the remaining outstanding balance of $185,095 is no longer convertible and has been reclassified to notes payable. See Note 3. Accrued interest on this note as of March 31, 2022 was $38,835. Short term loans On June 29, 2020, the Company entered into a Promissory Note with the U.S. Small Business Administration (“SBA”) for $150,000. The loan has a thirty-year term and bears interest at a rate of 3.75% per annum. Monthly principal and interest payments are deferred for twelve months after the date of disbursement. The loan may be prepaid at any time prior to maturity with no prepayment penalties. The Promissory Note contains events of default and other provisions customary for a loan of this type. As of March 31, 2022 and December 31, 2021, the balance of the loan was $150,000. As of March 31, 2022, the accrued interest on this note was $2,624. In August 2020, the Company entered into three separate note payable agreements with three individuals for an aggregate amount of $37,199. The notes bear interest at a variable rate, are unsecured, and the parties have verbally agreed the notes will be due upon a qualifying financing event. As of March 31, 2022 and December 30, 2021 the balance of the loans totaled $13,000. Notes payable On August 28, 2018, in connection with the purchase of the entire membership interest of TinBu, the Company entered into several notes payable for $12,674,635 with the sellers of the TinBu and a broker involved in the transaction. The notes had an interest rate of 0%, and original maturity date of January 25, 2022. The notes payable were modified during 2021 to extend the maturity to June 30, 2022 and modified the interest rate to include simple interest of 4.1% per annum effective October 1, 2021. Each of the amendments were evaluated and determined to be loan modifications and accounted for accordingly. As of March 31, 2022 and December 30, 2021, the balance of the notes was $2,357,744 and $2,628,234, respectively.

Stockholders_ Equity

Stockholders’ Equity	3 Months Ended
	Mar. 31, 2022
Stockholders' Equity Note [Abstract]
Stockholders’ Equity	8. Stockholders’ Equity Preferred and Common Stock Preferred Stock Pursuant to the Company’s charter, the Company is authorized to issue 1,000,000 shares of preferred stock, par value $0.001 per share. Our board of directors has the authority without action by the stockholders, to designate and issue shares of preferred stock in one or more classes or series, and the number of shares constituting any such class or series, and to fix the voting powers, designations, preferences, limitations, restrictions and relative rights of each class or series of preferred stock, including, without limitation, dividend rights, conversion rights, redemption privileges and liquidation preferences, which rights may be greater than the rights of the holders of the common stock. As of March 31, 2022, there were no shares of preferred stock issued and outstanding. Common Stock Our Charter authorizes the issuance of an aggregate of 500,000,000 shares of Common Stock, par value $0.001 per share. The shares of Common Stock are duly authorized, validly issued, fully paid and non-assessable. Our purpose is to engage in any lawful act or activity for which corporations may now or hereafter be organized under the DGCL. Unless our Board determines otherwise, we will issue all shares of our common stock in uncertificated form. Holders of our Common Stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders. The holders of Common Stock do not have cumulative voting rights in the election of directors. Upon our liquidation, dissolution or winding up and after payment in full of all amounts required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any, the holders of our Common Stock will be entitled to receive pro rata our remaining assets available for distribution. As of March 31, 2022 and December 31, 2021, 46,928,367 shares and 46,808,251 shares, respectively, were outstanding. During the three months ended March 31, 2022, the Company issued the following shares of common stock. Issuance of Common Stock for legal settlement 60,000 Exercise of options (Note 9) 60,116 Total 120,116 Public Warrants The Public Warrants became exercisable 30 days after the Closing as the Company has an effective registration statement under the Securities Act covering the shares of common stock issuable upon exercise of the Public Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration under the Securities Act). The S-1 registration became effective November 24, 2021. The Public Warrants will expire five years after October 29, 2021, which was the completion of the TDAC Combination or earlier upon redemption or liquidation. The Company may redeem the Public Warrants: ● in whole and not in part; ● at a price of $0.01 per warrant; ● upon a minimum of 30 days’ prior written notice of redemption; ● if, and only if, the last sale price of the Company’s common stock equals or exceeds $16.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders; and ● if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. These warrants cannot be net cash settled by the Company in any event. As of December 31, 2021, there were 20,125,000 Public Warrants outstanding. Immediately after giving effect to the Business Combination, there were 20,125,002 warrants to purchase share of Common stock outstanding, 20,125,000 of which are public warrants and two of which were previously warrants of AutoLotto, which are now warrants of Lottery.com and are exercisable to purchase an aggregate of 395,675 shares of common stock. Private Warrants Private warrants of TDAC issued before the business combination were forfeited and did not transfer to the surviving entity. Unit Purchase Option On June 1, 2018, the Company sold to the underwriter (and its designees), for $100, an option to purchase up to a total of 1,750,000 Units exercisable at $12.00 per Unit (or an aggregate exercise price of $21,000,000) commencing on the consummation of the Business Combination. The 1,750,000 Units represents the right to purchase 1,750,000 shares of common stock and 1,750,000 warrants to purchase 1,750,000 shares of common stock. The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expires on May 29, 2023. The Units issuable upon exercise of this option are identical to those offered by Lottery.com. The Company accounted for the unit purchase option, inclusive of the receipt of $100 cash payment, as an expense of the Business Combination resulting in a charge directly to stockholders’ equity. As of December 31, 2021 all of the 1,750,000 Units are vested, exercisable and outstanding. Common Stock Warrants On February 15, 2022, the Company issued warrants to purchase an aggregate 92,621 shares of the Company’s common stock at an exercise price of $7.56 per share. The warrants were valued at $194,695 using a Black-Scholes pricing model. The Company has classified the warrants as having Level 2 inputs, and used the Black-Scholes option-pricing model to value the warrants. The fair value at the issuance dates for the above warrants was based upon the following management assumptions: Issuance Risk-free interest rate 1.80 % Expected dividend yield 0 % Expected volatility 113.17 % Term 3 years Fair value of common stock $ 3.75 The Company did not issue any other warrants during the three months ended March 31, 2022 and the year ended December 31, 2021. All outstanding warrants are fully vested and have a weighted average remaining contractual life of 3.6 years. The Company incurred expenses related to outstanding warrants of $194,695 and $0 for the three months ended March 31, 2022 and 2021, respectively. Number of Shares Weighted Weighted Aggregate Outstanding at December 31, 2020 573,359 $ 0.28 4.8 $ 272,638 Granted - - - Exercised (177,684 ) 0.66 - Forfeited/canceled - - - Outstanding at December 31, 2021 395,675 0.11 4.0 2,478,501 Granted 92,621 7.56 3.0 Exercised - - - Forfeited/canceled - - - Outstanding at March 31, 2022 488,296 $ 1.52 3.6 $ 1,200,387 Exercisable at March 31, 2022 488,296 $ 1.52 3.6 $ 1,200,387 Beneficial Conversion Feature – Convertible Debt As detailed in Note 6 – Notes Payable and Convertible Debt, the Company has issued two series of convertible debt. Both issuances resulted in the recognition of the beneficial conversion features contained within both of the instruments. The Company recognized the proceeds allocable to the beneficial conversion feature of $8,480,697 as additional paid in capital and a corresponding debt discount of $2,795,000. This additional paid in capital is reflected in the condensed consolidated Statements of Equity for the year ended December 31, 2021. Earnout Shares As detailed in Note 3 – as part of the TDAC Combination as of December 31, 2021 a total of 5,000,000 Earnout Shares are eligible for issuance until December 31, 2022.

Stock-based Compensation Expens

Stock-based Compensation Expense	3 Months Ended
	Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation Expense	9. Stock-based Compensation Expense 2015 Stock Option Plan Prior to the Closing, AutoLotto had the AutoLotto, Inc. 2015 Stock Option/Stock Issuance Plan (the “2015 Plan”) in place. Under the 2015 Plan, incentive stock options could be granted at a price not less than fair market value of the AutoLotto common stock (the “AutoLotto Common Stock”). If the AutoLotto Common Stock was at the time of grant listed on any stock exchange, then such fair market value would be the closing selling price per share of AutoLotto Common Stock on the date in question on such stock exchange, as such price is officially quoted in the composite tape of transactions on such stock exchange and published in The Wall Street Journal. If there was no closing selling price for the Common Stock on the date in question, then the fair market value would be the closing selling price on the last preceding date for which such quotation exists. If the Common Stock is at the time neither listed on any Stock Exchange, then the fair market value would be determined by the Board of Directors or the Committee acting in its capacity as administrator of the Plan after taking into account such factors as the Plan Administrator shall deem appropriate. The maximum number of shares of Common Stock that could have been issued over the term of the Plan could not exceed Four Hundred Fifty Thousand (450,000). Options are exercisable over periods not to exceed 10 years (five years for incentive stock options granted to holders of 10% or more of voting stock) from the date of grant. Shares of AutoLotto Common Stock issued under the 2015 Plan could, in the discretion of the Plan Administrator, be fully and immediately vested upon issuance or vest in one or more installments over the Participant’s period of service or upon attainment of specified performance objectives. The Plan Administrator could not impose a vesting schedule upon any option grant or the shares of Common Stock subject to that option which is more restrictive than twenty percent (20%) per year vesting, with the initial vesting to occur not later than one (1) year after the option grant date. However, such limitation shall not be applicable to any option grants made to individuals who are officers of the Corporation, non-employee Board members or independent consultants. 2021 Equity Incentive Plan In connection with the Business Combination, our Board of Directors adopted, and our stockholders approved, the Lottery.com 2021 Incentive Plan (the “2021 Plan”) under which 13,130,368 shares of Class A common stock were initially reserved for issuance. The 2021 Plan allows for the issuance of incentive and non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units and other stock or cash based awards. The number of shares of the Company’s Class A common stock available for issuance under the 2021 Plan increases annually on the first day of each calendar year, beginning on and including January 1, 2022 and ending on and including January 1, 2031 by a number of shares of Company common stock equal to five percent of the total outstanding shares of Company common stock on the last day of the prior calendar year. Notwithstanding the foregoing, the Board may act prior to January 1st of a given year to provide that there will be no such increase in the share reserve for such year or that the increase in the share reserve for such year will be a lesser number of shares of Company common stock than would otherwise occur pursuant to the preceding sentence. Stock Options The Company did not issue any new stock options during the three months ended March 31, 2022 and 2021. The following table shows stock option activity for the three months ended March 31, 2022 and 2021: Shares Outstanding Weighted Weighted Aggregate Outstanding at December 31, 2020 37,405 1,315,218 $ 0.30 5.5 $ 362,841 Granted - - - - Exercised (737,732 ) (0.28 ) - Forfeited/canceled 231,825 (231,825 ) (0.65 ) - Outstanding at December 31, 2021 269,230 345,661 0.97 4.4 2,061,303 Granted - - - - Exercised - (60,116 ) (0.67 ) - Forfeited/canceled (uncanceled) (60,116 ) 60,116 0.67 - Outstanding at March 31, 2022 209,114 345,661 $ 0.41 4.2 $ 944,544 Exercisable at March 31, 2022 209,114 345,661 $ 0.41 4.2 $ 944,544 Stock-based compensation expense related to the employee options was $0 and $2,160 for the three months ended March 31, 2022 and 2021, respectively. No income tax benefit has been recognized related to the stock-based compensation expense, and no tax benefits have been realized from the exercised stock options. As of March 31, 2022 and December 31, 2021, unrecognized stock-based compensation associated with stock options amounted to $0. Restricted awards The Company has awarded restricted stock to employees on October 28, 2021, which were granted with various vesting terms including, service-based vesting, and performance-based vesting. In accordance with ASC 718, the Company has classified the restricted stock as equity. For employee issuances, the measurement date is the date of grant, and the Company recognizes compensation expense for the grant of the restricted shares, over the service period for the restricted shares that vest over a period of multiple months or years and for performance-based vesting awards, the Company recognizes the expense when management believes it is probable the performance condition will be achieved. As of December 31, 2021, the Company had granted 3,832,431 shares with vesting to begin April 2022. For the three months ended March 31, 2022, the Company recognized $22,174,488 of stock compensation expense related to the employee restricted stock grants. As of March 31, 2022, unrecognized stock-based compensation associated with the restricted stock awards is $18,831,680 which will be expensed over the next 3.5 years. The Company had restricted stock activity summarized as follows: Weighted Average Number of Grant Shares Fair Value Outstanding at December 31, 2021 3,832,431 $ 14.75 Granted - - Vested - - Forfeited/canceled - - Restricted shares unvested at March 31, 2022 3,832,431 $ 14.75

Loss Per Share

Loss Per Share	3 Months Ended
	Mar. 31, 2022
Disclosure of Income (Loss) Per Share [Abstract]
Loss Per Share	10. Loss Per Share The following table sets forth the computation of basic and diluted net loss per share: Three Months Ended 2022 2021 Comprehensive net loss attributable to stockholders $ (15,493,058 ) $ (5,456,034 ) Weighted average common shares outstanding Basic and diluted 46,832,919 22,888,700 Net loss per common share Basic and diluted $ (0.33 ) $ (0.24 ) As of March 31, 2022, the Company excluded 345,661 stock options, 3,832,431 of restricted awards, 488,296 of warrants, 5,000,000 of earn out shares and 1,750,000 of unit purchase options respectively in the calculation of diluted loss per share, as the effect would be anti-dilutive due to losses incurred.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes As of March 31, 2022, the Company did not have any unrecognized tax benefits. There were no significant changes to the calculation since December 31, 2021.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and Contingencies Indemnification Agreements The Company enters into indemnification provisions under its agreements with other entities in its ordinary course of business, typically with members of its Board of Directors, Officers, business partners, customers, landlords, lenders and lessors. Under these provisions, the Company generally indemnifies and holds harmless the indemnified party for losses suffered or incurred by the indemnified party as a result of the Company’s activities or, in some cases, as a result of the indemnified party’s activities under the agreement. The maximum potential amount of future payments the Company could be required to make under these indemnification provisions is unlimited. The Company has not incurred material costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, the Company believes the estimated fair value of these agreements is minimal. Accordingly, the Company has no liabilities recorded for these agreements as of March 31, 2022 and December 31, 2021. Digital Securities In 2018, the Company commenced a sale offering and issuance (the “LDC Offering”) of 285 million revenue participation interests (the “Digital Securities”) of net sweepstakes revenue of a wholly owned entity of the Company, LDC Crypto Universal Public Company Limited (“LDC”); in February 2022, LTRY WinTogether, Inc. (“LTRY WinTogether”), a wholly owned subsidiary of the Company assumed the obligations and liabilities of LDC, including, without limitation, with respect to the Digital Securities. The Digital Securities do not have any voting rights, redemption rights, or liquidation rights, nor are they tied in any way to other equity securities of any other subsidiary of the Company or of the Company nor do they otherwise hold any rights that a holder of equity securities of LTRY WinTogether or the Company may have or that a holder of traditional equity securities or capital stock may have. Rather, each of the holders of the Digital Securities has a pro rata right to receive 7% of the net sweepstakes revenue. If the net sweepstakes revenue is zero for a given period, holders of the Digital Securities are not eligible to receive any cash distributions from any sweepstakes of LTRY WinTogether for such period. For the year ended December 31, 2021, the Company incurred an obligation to pay an aggregate amount of approximately $5,632 to holders of the outstanding Digital Securities. The Company has not satisfied any of those obligations as of March 31, 2022. Leases The Company leases office space in Spicewood, Texas (the “Spicewood Lease”), which expires January 21, 2022. For the three months ended March 31, 2022 and 2021, the Company’s total rent expense for the Spicewood Lease was approximately $109,608 and $13,475, respectively. The Company additionally leases office space in Waco, Texas (the “Waco Lease”), which expires December 31, 2024, and leased an office space in Dallas, Texas (the “Dallas Lease”), which lease expired March 31, 2022. Pursuant to the provisions of a third amendment to the Waco Lease and a termination agreement to the Dallas Lease, the Company paid an aggregate of $244,945.91 in rent expense for the aggregate period from the third quarter of 2016 to March 31, 2022 under the Waco Lease and for the aggregate period from the third quarter of 2016 to the date of termination under the Dallas Lease. As of March 31, 2022, future minimum rent payments due under non-cancellable leases with initial maturities greater than one year are as follows: Years ending December 31, Amount 2022 (nine months) 144,457 2023 153,222 2024 48,404 $ 346,083 Litigation and Other Loss Contingencies As of March 31, 2022, there were no pending proceedings that are deemed to be materially detrimental. The Company is a party to legal proceedings in the ordinary course of its business. The Company believes that the nature of these proceedings is typical for a company of its size and scope.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	13. Related Party Transactions The Company has entered into transactions with related parties. The Company regularly reviews these transactions; however, the Company’s results of operations may have been different if these transactions were conducted with nonrelated parties. During the year ended December 31, 2020, the Company entered into borrowing arrangements with the individual founders to provide operating cash flow for the Company. The Company paid $4,700 during the year ended December 31, 2020 and has an outstanding balance at March 31, 2022 of $13,000. Services Agreement with Master Goblin Games, LLC In March 2020, the Company entered into a service agreement (as amended, the “Service Agreement”), with Master Goblin Games, LLC (“Master Goblin”), an entity that is wholly owned by our CFO and President, Ryan Dickinson. Master Goblin leases retail locations in certain U.S. jurisdictions from which it operates tabletop game retail stores and, ancillary to such retail operations, acts as sales agent or retailer licensed by the state lottery commission of such jurisdiction to sell lottery game tickets from such retail stores. The Company acquires lottery games as requested by users from Master Goblin on a non-exclusive basis in such jurisdictions. Pursuant to the Service Agreement, Master Goblin is authorized and approved by the Company to incur up to $100,000 in initial expenses per location for the commencement of operations at each location, including, without limitation, tenant improvements, furniture, inventory, fixtures and equipment, security and lease deposits, and licensing and filing fees. Similarly, pursuant to the Service Agreement, during each month of operation, Master Goblin is authorized to submit to the Company for reimbursement on-going expenses of up to $5,000 per location for actually incurred lease expenses. The initial expenses are submitted by Master Goblin to the Company upon Master Goblin securing a lease, and leases are only secured by Master Goblin in any location upon request of the Company. On-going expenses are submitted by Master Goblin to the Company for reimbursement on a monthly basis, subject to offset, and are recorded by the Company as an expense. To the extent Master Goblin has a positive net income in any month, exclusive of the sale of lottery games, such net income reduces or eliminates such reimbursable expenses for that month. In addition, from time to time Master Goblin may incur certain additional reimbursable expenses for the benefit of the Company. The Company paid Master Goblin an aggregate of $133,339.50, including expense reimbursements, under the Service Agreement, as of March 31, 2022. As of March 31, 2022 and December 31, 2021, the Company had no outstanding payables to Master Goblin Games under the Service Agreement.

Revenue Disaggregation

Revenue Disaggregation	3 Months Ended
	Mar. 31, 2022
Revenue Disaggregation [Abstract]
Revenue Disaggregation	14. Revenue Disaggregation Revenue disaggregation consists of the following: 2022 2021 Gaming $ 2,301,275 $ 3,232,448 Other 18,849,617 2,229,091 Total $ 21,150,892 $ 5,461,539

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events We have evaluated all events that occurred after the balance sheet date through the date when our financial statements were issued to determine if they must be reported. Management has determined that other than below, there were no additional reportable subsequent events to be disclosed. Restricted Stock Award issuance and share repurchase On April 29, 2022, restricted stock awards for certain employees vested and resulted in withhold tax for those employees. Given the limited trading liquidity of the Company’s common shares, the Company withheld 130,546 shares, valued at $2.38 per share (the closing price on April 29, 2022) from the employees, and paid the withhold tax on the employees’ behalf.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2022
Nature of Operations [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. Certain footnotes and other financial information normally required by accounting principles generally accepted in the United States of America, or GAAP, have been condensed or omitted in accordance with such rules and regulations. In management’s opinion, these condensed consolidated financial statements have been prepared on the same basis as our annual consolidated financial statements and notes thereto and include all adjustments, consisting of normal recurring items, considered necessary for the fair presentation. The operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. The condensed consolidated balance sheet as of December 31, 2021 has been derived from our audited financial statements at that date but does not include all disclosures and financial information required by GAAP for complete financial statements. The information included in the quarterly report on Form 10-Q should be read in conjunction with our consolidated financial statements and notes thereto for the year ended December 31, 2021, which were included in our annual report on Form 10-K, as filed with the Securities and Exchange Commission on April 1, 2022.
Impact of Trident Acquisition Corp. Business Combination	Impact of Trident Acquisition Corp. Business Combination We accounted for the October 29, 2021 Business Combination as a reverse recapitalization whereby AutoLotto was determined as the accounting acquirer and TDAC as the accounting acquiree. This determination was primarily based on: ● former AutoLotto stockholders having the largest voting interest in Lottery.com; ● the Board of Directors of Lottery.com having not less than 5 members, and TDAC only having the ability under the Business Combination Agreement to nominate one member to the Board of Directors for an initial two year term; ● AutoLotto management continuing to hold executive management roles for the post-Business Combination entity and being responsible for the day-to-day operations; ● the post-Business Combination entity assuming the Lottery.com name, which was the assumed name under which AutoLotto conducted business; ● Lottery.com maintaining the pre-existing AutoLotto headquarters; and ● the intended strategy of Lottery.com being a continuation of AutoLotto’s strategy. Accordingly, the Business Combination was treated as the equivalent of AutoLotto issuing stock for the net assets of TDAC, accompanied by a recapitalization. The net assets of TDAC are stated at historical cost, with no goodwill or other intangible assets recorded. While TDAC was the legal acquirer in the Business Combination, because AutoLotto was determined as the accounting acquirer, the historical financial statements of AutoLotto became the historical financial statements of the combined company, upon the consummation of the Business Combination. As a result, the financial statements included in the accompanying condensed consolidated financial statements reflect (i) the historical operating results of AutoLotto prior to the Business Combination; (ii) the combined results of the Company and AutoLotto following the Closing; (iii) the assets and liabilities of AutoLotto at their historical cost; and (iv) the Company’s equity structure for all periods presented. In connection with the Business Combination transaction, we have converted the equity structure for the periods prior to the Business Combination to reflect the number of shares of the Company’s common stock issued to AutoLotto’s stockholders in connection with the recapitalization transaction. As such, the shares, corresponding capital amounts and earnings per share, as applicable, related to AutoLotto convertible preferred stock and common stock prior to the Business Combination have been retroactively converted by applying the exchange ratio established in the Business Combination.
Non-controlling Interests	Non-controlling Interests Non-controlling interests represent the proportionate ownership of Aganar and JuegaLotto, held by minority members and reflect their capital investments as well as their proportionate interest in subsidiary losses and other changes in members’ equity, including translation adjustments.
Segment Reporting	Segment Reporting Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the Chief Operating Decision Maker in deciding how to allocate resources and in assessing operating performance. Under the provisions of ASC 280-10, “Segment Reporting” (“ASC 280”), the Company is not organized around specific services or geographic regions. The Company operates in one service line, providing lottery products and services. We determined that our Chief Financial Officer is the Chief Operating Decision Maker and they use financial information, business prospects, competitive factors, operating results and other non-U.S. GAAP financial ratios to evaluate our performance, which is the same basis on which our results and performance are communicated to our Board of Directors. Based on the information described above and in accordance with the applicable literature, management has concluded that we are organized and operated as one operating and reportable segment on a condensed consolidated basis for each of the periods presented.
Concentration of Credit Risks	Concentration of Credit Risks Financial instruments that are potentially subject to concentrations of credit risk are primarily cash. Cash is placed with major financial institutions deemed to be of high-credit-quality in order to limit credit exposure. Cash is regularly maintained in excess of federally insured limits at the financial institutions. Management believes that the Company is not exposed to any significant credit risk related to cash deposits. Significant customers are those which represent more than 10% of the Company’s revenue for each period presented, or the Company’s accounts receivable balance as of each respective balance sheet date. For each significant customer, revenue as a percentage of total revenue and accounts receivable as a percentage of total net accounts receivable are as follows: Revenue For the three Accounts March 31, March 31, Customer 2022 2021 2022 2021 Customer A 87.7 % - % 99.6 % - %
Use of Estimates	Use of Estimates The preparation of the financial statements requires management to make estimates and assumptions to determine the reported amounts of assets, liabilities, revenue and expenses. Although management believes these estimates are reasonable, actual results could differ from these estimates. The Company evaluates its estimates on an ongoing basis and prepares its estimates on historical experience and other assumptions the Company believes to be reasonable under the circumstances.
Foreign currency translation	Foreign currency translation Assets and liabilities of subsidiaries operating outside the United States with a functional currency other than U.S. Dollars are translated into U.S. Dollars using year-end exchange rates. Sales, costs and expenses are translated at the average exchange rates in effect during the year. Foreign currency translation gains and losses are included as a component of accumulated other comprehensive income (loss).
Cash and Cash Equivalents	Cash and Cash Equivalents As of March 31, 2022 and December 31, 2021, cash and cash equivalents comprised of cash deposits, and deposits with some banks exceeded federally insured limits with the majority of cash held in one financial institution. Management believes all financial institutions holding its cash are of high credit quality and does not believe the Company is subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships. The Company had no marketable securities as of March 31, 2022 and December 31, 2021.
Accounts Receivable	Accounts Receivable The Company through its various merchant providers pre-authorizes forms of payment prior to the sale of digital representation of lottery games to minimize exposure to losses related to uncollected payments and does not extend credit to the user of the B2C Platform or the commercial partner of the B2B API, being its customers, in the normal course of business. The Company accrues 100 percent of all expenses associated with LotteryLink prior to issuing accounts payable to a Master Affiliate or receiving associated payment. The Company estimates its bad debt exposure each period and records a bad debt provision for accounts receivable it believes it may not collect in full. The Company did not record any allowance for uncollectible receivables as of March 31, 2022 and December 31, 2021. The Company has not incurred bad debt expense historically.
Prepaid Expenses	Prepaid Expenses Prepaid expenses consist of payments made on contractual obligations for services to be consumed in future periods. The Company entered into an agreement with a third party to provide advertising services and issued equity instruments as compensation for the advertising services. The Company expenses the service as it is performed. The value of the services provided were used to value these contracts. The current portion of prepaid expenses is included in current assets on the condensed consolidated balance sheets.
Investments	Investments On August 2, 2018, AutoLotto purchased 186,666 shares of Class A-1 common stock of a third-party business development partner representing 4% of the total outstanding shares of such company. As this investment resulted in less than 20% ownership, it was accounted for using the cost basis method.
Notes Receivable	Notes Receivable Notes receivable consist of contracts where the Company has lent funds to outside parties. The Company accrues interest receivable over the term of the outstanding notes and reviews for doubtful collectability periodically but in no instance less than annually.
Leases	Leases Right-of-use assets (“ROU assets”) represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Variable lease payments are not included in the calculation of the right-of-use asset and lease liability due to uncertainty of the payment amount and are recorded as lease expense in the period incurred. As most of the leases do not provide an implicit rate, the Company used its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Otherwise, the implicit rate was used when readily determinable. The lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Under the available practical expedient, the Company accounts for the lease and non-lease components as a single lease component for all classes of underlying assets as both a lessee and lessor. Further, management elected a short-term lease exception policy on all classes of underlying assets, permitting the Company to not apply the recognition requirements of this standard to short-term leases (i.e. leases with terms of 12 months or less).
Internal Use Software Development	Internal Use Software Development Software development costs incurred internally to develop software programs to be used solely to meet our internal needs and applications are capitalized once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the intended function. Additionally, we capitalize qualifying costs incurred for upgrades and enhancements to existing software that result in additional functionality. Costs related to preliminary project planning activities, post-implementation activities, maintenance and minor modifications are expensed as incurred. Internal-use software development costs are amortized on a straight line basis over the estimated useful life of the software.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of assets acquired over the fair value of the net assets at the date of acquisition. Intangible assets represent the fair value of separately recognizable intangible assets acquired in connection with the Company’s business combinations. The Company evaluates its goodwill and other intangibles for impairment on an annual basis or whenever events or circumstances indicate that an impairment may have occurred in accordance with the provisions of ASC 350, “ Goodwill and Other Intangible Assets
Revenue Recognition	Revenue Recognition Under the new standard, ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606)
Lottery game revenue	Lottery game revenue Items that fall under this revenue classification include: Lottery game sales The Company’s performance obligations of delivering lottery games are satisfied at the time in which the digital representation of the lottery game is delivered to the user of the B2C Platform or the commercial partner of the B2B API, therefore, are recognized at a point in time. The Company receives consideration for lottery game sales at the time of delivery to the customer, being the user or commercial partner, as applicable. There is no variable consideration related to lottery game sales. As each individual lottery game delivered represents a distinct performance obligation and consideration for each game sale is fixed, representing the standalone selling price, there is no allocation of consideration necessary. In accordance with ASC 606, the Company evaluates the presentation of revenue on a gross versus net basis dependent on if the Company is a principal or agent. In making this evaluation, some of the factors that are considered include whether the Company has control over the specified good or service before it is transferred to the customer. The Company also assesses if it is primarily responsible for fulfilling the promise to provide the specified good or service, has inventory risk, and has discretion in establishing the price. For all of the Company’s transactions, management concluded that gross presentation is appropriate, as the Company is primarily responsible for providing the performance obligation directly to the customers and assumes fulfillment risk of all lottery game sales as it retains physical possession of lottery game sales tickets from time of sale until the point of redemption. The Company also retains inventory risk on all lottery game sales tickets as they are responsible for any potential winnings related to lost or unredeemable tickets at the time of redemption. Finally, while each jurisdiction establishes the face value of the lottery ticket, being the game sales prices, the Company charges a separate and additional fee for the services it provides. Affiliate marketing credit revenue The Company’s performance obligation in agreements with certain customers is to transfer previously acquired affiliate marketing credits (“credits”). Customers’ payment for these credits is priced on a per-contract basis. The performance obligation in these agreements is to provide title rights of the previously acquired credits to the customer. This transfer is point-in-time when the revenue is recognized, and there are no variable considerations related to this performance obligation. Arrangements with multiple performance obligations The Company’s contracts with customers may include multiple performance obligations. For such arrangements, management allocates revenue to each performance obligation based on its relative standalone selling price. Management generally determines standalone selling prices based on the prices charged to customers. Deferred Revenue The Company records deferred revenue when cash payments are received or due in advance of any performance, including amounts which are refundable. Payment terms vary by the type and location of the customer and the products or services offered. The term between invoicing and when payment is due is not significant. For certain products or services and customer types, management requires payment before the products or services are delivered to the customer. Contract Assets Given the nature of the Company’s services and contracts, it has no contract assets. Taxes Taxes assessed by a governmental authority that are both imposed on and concurrent with specific revenue-producing transactions, that are collected by us from a customer, are excluded from revenue.
Cost of Revenue	Cost of Revenue Cost of revenue consists primarily of variable costs, comprising (i) the cost of procurement of lottery games, minus winnings to users, additional expenses related to the sale of lottery games, including, commissions, affiliate fees and revenue shares; and (ii) payment processing fees on user fees, including, chargebacks imposed on the Company. Other non-variable costs included in cost of revenue include affiliate marketing credits acquired on a per-contract basis.
Stock-based Compensation	Stock-based Compensation Effective October 1, 2019, the Company adopted ASU 2018-07, Compensation – “Stock Compensation (Topic 718): Improvements to Nonemployee Share-based Payment Accounting”
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and other (Topic 350) In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments In December 2019, the FASB issued ASU No 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ( ) In October 2020, the FASB issued ASU No. 2020-09, Debt (Topic 470) (“ ”).
Property and equipment, net	Property and equipment, net Property and equipment are stated at cost. Depreciation and amortization are generally computed using the straight-line method over estimated useful lives ranging from three five Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Computers and equipment 3 years Furniture and fixtures 5 years Software 3 years

Significant Accounting Polici_2

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2022
Nature of Operations [Abstract]
Schedule of total net accounts receivable	Revenue For the three Accounts March 31, March 31, Customer 2022 2021 2022 2021 Customer A 87.7 % - % 99.6 % - %
Schedule of depreciation of property and equipment	Computers and equipment 3 years Furniture and fixtures 5 years Software 3 years

Business Combination (Tables)

Business Combination (Tables)	3 Months Ended
	Mar. 31, 2022
Business Combinations [Abstract]
Schedule of tangible and intangible assets acquisition	Cash $ 517,460 Accounts receivable, net 34,134 Prepaids 5,024 Property and equipment, net 2,440 Other assets, net 65,349 Intangible assets 8,590,000 Goodwill 4,940,643 Total assets $ 14,155,051 Accounts payable and other liabilities $ (387,484 ) Customer deposits (134,707 ) Related party loan (417,017 ) Total liabilities $ (939,208 ) Total net assets of Acquirees $ 13,215,843
Schedule of intangible assets acquired	Category Fair Value Customer relationships $ 410,000 Gaming approvals 4,020,000 Trade names and trademarks 2,540,000 Technology 1,620,000 Total Intangibles $ 8,590,000
Schedule of basic and diluted weighted average number of shares	For the three months ended March 31, 2022 Global Lottery.com Gaming Pro forma Total revenues $ 5,461,539 1,038,737 $ 6,500,276 Net income (loss) (5,456,034 ) (7,171 ) (5,463,205 ) Net income (loss) attributable to shareholders $ (5,456,034 ) (7,171 ) $ (5,463,205 ) Net income (loss) per common share Basic and diluted $ (0.24 ) $ (0.24 ) Weighted average common shares outstanding Basic and diluted 22,888,700 22,888,700

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	3 Months Ended
	Mar. 31, 2022
Property and Equipment, Net [Abstract]
Schedule of property and equipment, net	March 31, December 31, 2022 2021 Computers and equipment $ 110,498 $ 113,151 Furniture and fixtures 31,818 23,760 Software 1,903,121 1,903,121 Property and equipment 2,045,437 2,040,032 Accumulated depreciation (1,924,144 ) (1,898,753 ) Property and equipment, net $ 121,293 $ 141,279

Intangible Assets, net (Tables)

Intangible Assets, net (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of customer relationships represent the valuation of acquired customer accounts	March 31, December 31, 2022 2021 Cost basis $ 940,000 $ 940,000 Less: accumulated amortization (561,389 ) (522,222 ) $ 378,611 $ 417,778 March 31, December 31, 2022 2021 Cost basis $ 10,000 $ 10,000 Less: accumulated amortization (5,972 ) (5,556 ) $ 4,028 $ 4,444 March 31, December 31, 2022 2021 Cost basis $ 1,430,000 $ 1,430,000 Less: accumulated amortization (854,028 ) (794,444 ) $ 575,972 $ 635,556 March 31, December 31, 2022 2021 Cost basis $ 2,000,000 $ 2,000,000 Less: accumulated amortization (1,361,111 ) (1,277,777 ) $ 638,889 $ 722,223 March 31, December 31, 2022 2021 Cost basis $ 12,450,000 $ 12,450,000 Less: accumulated amortization (2,490,000 ) (1,867,500 ) $ 9,960,000 $ 10,582,500 March 31, December 31, 2022 2021 Cost basis $ 6,000,000 $ 6,000,000 Less: accumulated amortization (433,333 ) (333,333 ) $ 5,566,667 $ 5,666,667 March 31, December 31, 2022 2021 Cost basis $ 935,000 $ 935,000 Less: accumulated amortization (311,667 ) (296,083 ) $ 623,333 $ 638,917 March 31, December 31, 2022 2021 Cost basis $ 410,000 $ 410,000 Less: accumulated amortization (51,250 ) (34,167 ) $ 358,750 $ 375,833 March 31, December 31, 2022 2021 Cost basis $ 2,540,000 $ 2,540,000 Less: accumulated amortization (317,500 ) (211,667 ) $ 2,222,500 $ 2,328,333 March 31, December 31, 2022 2021 Cost basis $ 1,620,000 $ 1,620,000 Less: accumulated amortization (202,500 ) (135,000 ) $ 1,417,500 $ 1,485,000 March 31, December 31, 2022 2021 Cost basis $ 4,020,000 $ 4,020,000 Less: accumulated amortization (502,500 ) (335,000 ) $ 3,517,500 $ 3,685,000 March 31, December 31, 2022 2021 Cost basis $ 974,760 $ 111,951 Less: accumulated amortization (80,457 ) (23,323 ) $ 894,303 $ 88,628
Schedule of estimated amortization expense for years of useful life	Years ending December 31, Amount 2022 228,537 2023 205,214 2024 172,562 2025 172,562 2026 115,428

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	3 Months Ended
	Mar. 31, 2022
Stockholders' Equity Note [Abstract]
Schedule of common stock	Issuance of Common Stock for legal settlement 60,000 Exercise of options (Note 9) 60,116 Total 120,116
Schedule of Black-Scholes option-pricing model to value the warrant	Issuance Risk-free interest rate 1.80 % Expected dividend yield 0 % Expected volatility 113.17 % Term 3 years Fair value of common stock $ 3.75
Schedule of common stock outstanding warrants	Number of Shares Weighted Weighted Aggregate Outstanding at December 31, 2020 573,359 $ 0.28 4.8 $ 272,638 Granted - - - Exercised (177,684 ) 0.66 - Forfeited/canceled - - - Outstanding at December 31, 2021 395,675 0.11 4.0 2,478,501 Granted 92,621 7.56 3.0 Exercised - - - Forfeited/canceled - - - Outstanding at March 31, 2022 488,296 $ 1.52 3.6 $ 1,200,387 Exercisable at March 31, 2022 488,296 $ 1.52 3.6 $ 1,200,387

Stock-based Compensation Expe_2

Stock-based Compensation Expense (Tables)	3 Months Ended
	Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of restricted stock activity	Shares Outstanding Weighted Weighted Aggregate Outstanding at December 31, 2020 37,405 1,315,218 $ 0.30 5.5 $ 362,841 Granted - - - - Exercised (737,732 ) (0.28 ) - Forfeited/canceled 231,825 (231,825 ) (0.65 ) - Outstanding at December 31, 2021 269,230 345,661 0.97 4.4 2,061,303 Granted - - - - Exercised - (60,116 ) (0.67 ) - Forfeited/canceled (uncanceled) (60,116 ) 60,116 0.67 - Outstanding at March 31, 2022 209,114 345,661 $ 0.41 4.2 $ 944,544 Exercisable at March 31, 2022 209,114 345,661 $ 0.41 4.2 $ 944,544
Schedule of restricted stock activity	Weighted Average Number of Grant Shares Fair Value Outstanding at December 31, 2021 3,832,431 $ 14.75 Granted - - Vested - - Forfeited/canceled - - Restricted shares unvested at March 31, 2022 3,832,431 $ 14.75

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Income (Loss) Per Share [Abstract]
Schedule of basic and diluted net income (loss) per shareSchedule of basic and diluted net loss per share	Three Months Ended 2022 2021 Comprehensive net loss attributable to stockholders $ (15,493,058 ) $ (5,456,034 ) Weighted average common shares outstanding Basic and diluted 46,832,919 22,888,700 Net loss per common share Basic and diluted $ (0.33 ) $ (0.24 )

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum rent payments due under non-cancellable leases	Years ending December 31, Amount 2022 (nine months) 144,457 2023 153,222 2024 48,404 $ 346,083

Revenue Disaggregation (Tables)

Revenue Disaggregation (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue Disaggregation [Abstract]
Schedule of revenue disaggregation	2022 2021 Gaming $ 2,301,275 $ 3,232,448 Other 18,849,617 2,229,091 Total $ 21,150,892 $ 5,461,539

Significant Accounting Polici_3

Significant Accounting Policies (Details) - shares	Aug. 02, 2018	Mar. 31, 2022
Significant Accounting Policies (Details) [Line Items]
Concentration risk percentage		10.00%
Revenue percentage		100.00%
Outstanding shares percentage	4.00%
Ownership percentage	20.00%
Minimum [Member]
Significant Accounting Policies (Details) [Line Items]
Estimated useful lives		3 years
Maximum [Member]
Significant Accounting Policies (Details) [Line Items]
Estimated useful lives		5 years
Class A-1 Common Stock [Member]
Significant Accounting Policies (Details) [Line Items]
Shares purchased (in Shares)	186,666

Significant Accounting Polici_4

Significant Accounting Policies (Details) - Schedule of total net accounts receivable - Customer A [Member]	Mar. 31, 2022	Mar. 31, 2021
Revenue, Major Customer [Line Items]
Revenue	87.70%
Accounts Receivable	99.60%

Significant Accounting Polici_5

Significant Accounting Policies (Details) - Schedule of depreciation of property and equipment	3 Months Ended
	Mar. 31, 2022
Computers and equipment [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Furniture and Fixtures [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Software [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years

Business Combination (Details)

Business Combination (Details) - USD ($)	1 Months Ended	3 Months Ended
	Oct. 29, 2021	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2021
Business Combination (Details) [Line Items]
Gross proceeds		$ 42,794,000
Transaction costs		9,460,000
Cumulative debt repayments		11,068,000
Repayment of notes payable		5,475,000
Accrued underwriter fees		$ 5,593,000
Per dollar (in Dollars per share)		$ 22.0848
Purchase price		$ 10,989,691
Cash		$ 10,530,000
Shares of common stock (in Shares)		46,928,367		46,808,251
Price per share (in Dollars per share)		$ 0.67
Ownership interest		80.00%
Purchase price, grossed		$ 13,215,843
Minority interest percentage		20.00%
Deferred tax liabilities		$ 1,600,000
Sellers [Member]
Business Combination (Details) [Line Items]
Additional share of common stock		6,000,000
TDAC founders [Member]
Business Combination (Details) [Line Items]
Additional share of common stock		$ 4,000,000
Seller earnout shares (in Shares)		3,000,000
Forecast [Member]
Business Combination (Details) [Line Items]
Seller earnout shares (in Shares)			2,000,000
Business Combination [Member]
Business Combination (Details) [Line Items]
Acquisition percent of equity					100.00%
Acquisition equity					80.00%
Consideration transferred		$ 10,055,214
Lottery.com [Member]
Business Combination (Details) [Line Items]
Converted share (in Shares)	3.0058	9,764,511
Shares of common stock (in Shares)		687,439
AutoLotto [Member]
Business Combination (Details) [Line Items]
Converted share (in Shares)		3,248,526
Convertible notes		$ 63,800,000

Business Combination (Details)

Business Combination (Details) - Schedule of tangible and intangible assets acquisition	Mar. 31, 2022USD ($)
Schedule of tangible and intangible assets acquisition [Abstract]
Cash	$ 517,460
Accounts receivable, net	34,134
Prepaids	5,024
Property and equipment, net	2,440
Other assets, net	65,349
Intangible assets	8,590,000
Goodwill	4,940,643
Total assets	14,155,051
Accounts payable and other liabilities	(387,484)
Customer deposits	(134,707)
Related party loan	(417,017)
Total liabilities	(939,208)
Total net assets of Acquirees	$ 13,215,843

Business Combination (Details_2

Business Combination (Details) - Schedule of intangible assets acquired	Mar. 31, 2022USD ($)
Finite-Lived Intangible Assets [Line Items]
Total Intangibles	$ 8,590,000
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	410,000
Gaming approvals [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	4,020,000
Trade names and trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	2,540,000
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 1,620,000

Business Combination (Details_3

Business Combination (Details) - Schedule of basic and diluted weighted average number of shares	3 Months Ended
	Mar. 31, 2022USD ($)$ / sharesshares
Lottery.com [Member]
Business Combination (Details) - Schedule of basic and diluted weighted average number of shares [Line Items]
Total revenues	$ 5,461,539
Net income (loss)	(5,456,034)
Net income (loss) attributable to shareholders	$ (5,456,034)
Net income (loss) per common share
Basic and diluted (in Dollars per share) | $ / shares	$ (0.24)
Weighted average common shares outstanding
Basic and diluted (in Shares) | shares	22,888,700
Global Gaming Acquisition [Member]
Business Combination (Details) - Schedule of basic and diluted weighted average number of shares [Line Items]
Total revenues	$ 1,038,737
Net income (loss)	(7,171)
Net income (loss) attributable to shareholders	(7,171)
Pro forma Lottery.com [Member]
Business Combination (Details) - Schedule of basic and diluted weighted average number of shares [Line Items]
Total revenues	6,500,276
Net income (loss)	(5,463,205)
Net income (loss) attributable to shareholders	$ (5,463,205)
Net income (loss) per common share
Basic and diluted (in Dollars per share) | $ / shares	$ (0.24)
Weighted average common shares outstanding
Basic and diluted (in Shares) | shares	22,888,700

Property and Equipment, net (De

Property and Equipment, net (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Property and Equipment, Net [Abstract]
Depreciation expense	$ 38,291	$ 135,842

Property and Equipment, net (_2

Property and Equipment, net (Details) - Schedule of property and equipment, net - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment	$ 2,045,437	$ 2,040,032
Accumulated depreciation	(1,924,144)	(1,898,753)
Property and equipment, net	121,293	141,279
Computers and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	110,498	113,151
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	31,818	23,760
Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 1,903,121	$ 1,903,121

Intangible Assets, net (Details

Intangible Assets, net (Details) - USD ($)	Dec. 31, 2036	Dec. 31, 2032	Dec. 31, 2027	Dec. 31, 2026	Dec. 31, 2024	Feb. 28, 2021	Mar. 31, 2017	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Feb. 15, 2021
Intangible Assets, net (Details) [Line Items]
Principal Amount											$ 12,450,000
Purchase price						$ 6,000,000
Partially paid in cash						3,000,000
Convertible debt						$ 3,000,000
Playsino [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								5 years
Amortization expense								$ 622,500	$ 622,500
Except amortization expense								$ 207,500
Sports.com Domain Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								15 years
Forecast [Member] | Playsino [Member]
Intangible Assets, net (Details) [Line Items]
Estimated amortization expense				$ 2,075,000
Customer Relationships [Member] | TinBu Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								6 years
Amortization expense								$ 39,167	39,167
Except amortization expense								$ 104,444
Customer Relationships [Member] | Aganar and JuegaLotto Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								6 years
Amortization expense								$ 17,083
Except amortization expense								$ 34,167
Customer Relationships [Member] | Forecast [Member] | TinBu Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated amortization expense					$ 156,667
Customer Relationships [Member] | Forecast [Member] | Aganar and JuegaLotto Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated amortization expense			$ 68,333
Trade Name [Member] | TinBu Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								6 years
Amortization expense								$ 416	416
Estimated amortization expense								1,667
Except amortization expense								$ 1,111
Trade Name [Member] | Aganar and JuegaLotto Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								6 years
Amortization expense								$ 105,833
Except amortization expense								$ 211,667
Trade Name [Member] | Forecast [Member] | Aganar and JuegaLotto Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated amortization expense			423,333
Technology [Member] | TinBu Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								6 years
Amortization expense								$ 59,584	59,584
Except amortization expense								$ 158,889
Technology [Member] | Aganar and JuegaLotto Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								6 years
Amortization expense								$ 67,500	67,500
Except amortization expense								$ 135,000
Technology [Member] | Forecast [Member] | TinBu Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated amortization expense					238,333
Technology [Member] | Forecast [Member] | Aganar and JuegaLotto Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated amortization expense			270,000
Software Agreements [Member] | TinBu Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								6 years
Amortization expense								$ 83,334	83,334
Except amortization expense								55,556
Software agreement								2,000,000
Software Agreements [Member] | Forecast [Member] | TinBu Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated amortization expense					$ 333,333
Sports.com Domain Acquisition [Member] | TinBu Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Amortization expense								100,000	33,333
Except amortization expense								$ 66,667
Sports.com Domain Acquisition [Member] | Forecast [Member] | TinBu Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated amortization expense	$ 400,000
Lottery.com Domain Acquisition [Member] | TinBu Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								15 years
Amortization expense								$ 15,584	$ 15,584
Except amortization expense								$ 15,588
Total purchase price							$ 935,000
Lottery.com Domain Acquisition [Member] | Forecast [Member] | TinBu Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Amortization expense		$ 62,333
Gaming Licenses [Member] | Aganar and JuegaLotto Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								6 years
Amortization expense								$ 167,000
Except amortization expense								335,000
Gaming Licenses [Member] | Forecast [Member] | Aganar and JuegaLotto Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Estimated amortization expense			$ 670,000
Internal Use Software Development [Member] | Aganar and JuegaLotto Acquisition [Member]
Intangible Assets, net (Details) [Line Items]
Amortization expense								57,134
Software development costs								$ 2,342,163		$ 2,080,999
Internal Use Software Development [Member] | Aganar and JuegaLotto Acquisition [Member] | Minimum [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								2 years
Internal Use Software Development [Member] | Aganar and JuegaLotto Acquisition [Member] | Maximum [Member]
Intangible Assets, net (Details) [Line Items]
Estimated useful life								10 years

Intangible Assets, net (Detai_2

Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Customer Relationships [Member]
Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts [Line Items]
Cost basis	$ 940,000	$ 940,000
Less: accumulated amortization	(561,389)	(522,222)
Total	378,611	417,778
Trade Names [Member]
Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts [Line Items]
Cost basis	10,000	10,000
Less: accumulated amortization	(5,972)	(5,556)
Total	4,028	4,444
Technology [Member]
Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts [Line Items]
Cost basis	1,430,000	1,430,000
Less: accumulated amortization	(854,028)	(794,444)
Total	575,972	635,556
Software Agreements [Member]
Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts [Line Items]
Cost basis	2,000,000	2,000,000
Less: accumulated amortization	(1,361,111)	(1,277,777)
Total	638,889	722,223
Playsino [Member]
Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts [Line Items]
Cost basis	12,450,000	12,450,000
Less: accumulated amortization	(2,490,000)	(1,867,500)
Total	9,960,000	10,582,500
Sports [Member]
Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts [Line Items]
Cost basis	6,000,000	6,000,000
Less: accumulated amortization	(433,333)	(333,333)
Total	5,566,667	5,666,667
Lottery [Member]
Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts [Line Items]
Cost basis	935,000	935,000
Less: accumulated amortization	(311,667)	(296,083)
Total	623,333	638,917
Aganar and JuegaLotto [Member]
Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts [Line Items]
Cost basis	410,000	410,000
Less: accumulated amortization	(51,250)	(34,167)
Total	358,750	375,833
Trade Names 1 [Member]
Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts [Line Items]
Cost basis	2,540,000	2,540,000
Less: accumulated amortization	(317,500)	(211,667)
Total	2,222,500	2,328,333
Technology1 [Member]
Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts [Line Items]
Cost basis	1,620,000	1,620,000
Less: accumulated amortization	(202,500)	(135,000)
Total	1,417,500	1,485,000
Gaming Licenses [Member]
Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts [Line Items]
Cost basis	4,020,000	4,020,000
Less: accumulated amortization	(502,500)	(335,000)
Total	3,517,500	3,685,000
Software Development1 [Member]
Intangible Assets, net (Details) - Schedule of customer relationships represent the valuation of acquired customer accounts [Line Items]
Cost basis	974,760	111,951
Less: accumulated amortization	(80,457)	(23,323)
Total	$ 894,303	$ 88,628

Intangible Assets, net (Detai_3

Intangible Assets, net (Details) - Schedule of estimated amortization expense for years of useful life	Mar. 31, 2022USD ($)
Schedule of estimated amortization expense for years of useful life [Abstract]
2022	$ 228,537
2023	205,214
2024	172,562
2025	172,562
2026	$ 115,428

Notes Receivable (Details)

Notes Receivable (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 22, 2022
Receivables [Abstract]
Principal amount		$ 6,500,000
Interest rate		3.10%
Liabilities, Average Amount Outstanding	$ 6,500,000
Accrued interest	$ 4,932

Notes Payable and Convertible_2

Notes Payable and Convertible Debt (Details) - USD ($)

1 Months Ended

3 Months Ended

12 Months Ended

Oct. 29, 2021

Aug. 28, 2018

Mar. 31, 2022

Dec. 31, 2021

Dec. 31, 2022

Mar. 22, 2022

Mar. 31, 2021

Dec. 31, 2020

Aug. 31, 2020

Jun. 29, 2020

Jun. 30, 2019

Oct. 31, 2017

Notes Payable and Convertible Debt (Details) [Line Items]

Aggregate amount

$ 6,500,000

Interest rate

6.00%

Maturity date

Jun. 30, 2022

Additional principal amount

$ 3,552,114

Loss on extinguishment

71,812

Loan amount

$ 13,000

$ 13,000

Series A Notes [Member]

Notes Payable and Convertible Debt (Details) [Line Items]

Aggregate amount

$ 821,500

Interest rate

10.00%

Maturity date

Dec. 31, 2022

Remaining outstanding balance

$ 771,500

Accrued interest

$ 138,822

Series B Notes [Member]

Notes Payable and Convertible Debt (Details) [Line Items]

Aggregate amount

$ 38,893,733

$ 8,802,828

Interest rate

8.00%

Maturity date

Dec. 21, 2021

Remaining outstanding balance

$ 185,095

Accrued interest

$ 38,835

Convertible notes

$ 185,095

Converted shares (in Shares)

9,764,511

Series B Convertible Notes [Member]

Notes Payable and Convertible Debt (Details) [Line Items]

Convertible promissory note balance

$ 0

Short term loans [Member]

Notes Payable and Convertible Debt (Details) [Line Items]

Aggregate amount

$ 37,199

$ 150,000

Interest rate

3.75%

Accrued interest

$ 2,624

Loan amount

$ 150,000

150,000

Notes Payable [Member]

Notes Payable and Convertible Debt (Details) [Line Items]

Interest rate

0.00%

4.10%

Maturity date

Jan. 25, 2022

Notes payable

$ 12,674,635

Notes payable

$ 2,357,744

$ 2,628,234

Forecast [Member] | Series B Notes [Member]

Notes Payable and Convertible Debt (Details) [Line Items]

Interest rate

8.00%

Convertible Promissory Note [Member] | Series B Notes [Member]

Notes Payable and Convertible Debt (Details) [Line Items]

Aggregate amount

$ 10,000,000

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - USD ($)	Jun. 01, 2018	Feb. 15, 2022	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Stockholders’ Equity (Details) [Line Items]
Preferred stock authorized			1,000,000			1,000,000
Preferred stock par value (in Dollars per share)			$ 0.001			$ 0.001
Common stock, shares authorized			500,000,000			500,000,000
Common stock, par value (in Dollars per share)			$ 0.001			$ 0.001
Voting rights			one
Common stock , shares outstanding			46,928,367			46,808,251
Public warrants outstanding						20,125,000
Warrants purchase share						20,125,002
Public warrants						20,125,000
Purchase aggregate shares						395,675
Price per unit (in Dollars per share)			$ 0.67
Common share purchase			1,750,000
Aggregate purchase amount (in Dollars)		$ 92,621
Common stock exercise price (in Dollars per share)		$ 7.56
Warrants valued (in Dollars)		$ 194,695
Incurred expense outstanding warrant (in Dollars)			$ 194,695	$ 0
Additional paid in capital (in Dollars)			8,480,697
Corresponding debt discount (in Dollars)			$ 2,795,000
Earnout Shares			5,000,000
Common Stock [Member]
Stockholders’ Equity (Details) [Line Items]
Common stock , shares outstanding			46,928,367			46,808,251
Warrant [Member]
Stockholders’ Equity (Details) [Line Items]
Public warrants, description			The Company may redeem the Public Warrants:  ●in whole and not in part; ●at a price of $0.01 per warrant; ●upon a minimum of 30 days’ prior written notice of redemption; ●if, and only if, the last sale price of the Company’s common stock equals or exceeds $16.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders; and ●if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption.
Unit purchase option [Member]
Stockholders’ Equity (Details) [Line Items]
Purchase option (in Dollars)	$ 100
Share unit exercisable	1,750,000
Price per unit (in Dollars per share)	$ 12
Aggregate exercise price (in Dollars per share)	$ 21,000,000
Warrants purchase			1,750,000
Purchase options payment exercised expire date			May 29, 2023
Cash payment (in Dollars)			$ 100
Shares vested						1,750,000
Common stock warrants [Member]
Stockholders’ Equity (Details) [Line Items]
weighted average remaining contractual life			3 years 7 months 6 days
UPO Warrants [Member] | Unit purchase option [Member]
Stockholders’ Equity (Details) [Line Items]
Share purchase			1,750,000
Preferred and common stock [Member]
Stockholders’ Equity (Details) [Line Items]
Preferred stock authorized			1,000,000
Preferred stock par value (in Dollars per share)			$ 0.001
Common Stock [Member] | Unit purchase option [Member]
Stockholders’ Equity (Details) [Line Items]
Share purchase			1,750,000
Forecast [Member] | Earnout shares [Member]
Stockholders’ Equity (Details) [Line Items]
Earnout Shares					5,000,000

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - Schedule of common stock	3 Months Ended
	Mar. 31, 2022shares
Schedule of common stock [Abstract]
Issuance of Common Stock for legal settlement	60,000
Exercise of options (Note 9)	60,116
Total	120,116

Stockholders_ Equity (Details_2

Stockholders’ Equity (Details) - Schedule of Black-Scholes option-pricing model to value the warrant	3 Months Ended
	Mar. 31, 2022$ / shares
Schedule of Black-Scholes option-pricing model to value the warrant [Abstract]
Risk-free interest rate	1.80%
Expected dividend yield	0.00%
Expected volatility	113.17%
Term	3 years
Fair value of common stock (in Dollars per share)	$ 3.75

Stockholders_ Equity (Details_3

Stockholders’ Equity (Details) - Schedule of common stock outstanding warrants - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Schedule of common stock outstanding warrants [Abstract]
Number of Shares Outstanding Beginning	395,675	573,359
Weighted Average Exercise Price Outstanding Beginning	$ 0.11	$ 0.28
Weighted Average Remaining Contractual Life (years) Outstanding Beginning		4 years 9 months 18 days
Aggregate Intrinsic Value Outstanding Beginning		$ 272,638
Number of Shares Granted	92,621
Weighted Average Exercise Price Granted	$ 7.56
Weighted Average Remaining Contractual Life (years) Granted	3 years
Number of Shares Exercised		(177,684)
Weighted Average Exercise Price Exercised		$ 0.66
Weighted Average Remaining Contractual Life (years) Exercised
Number of Shares Forfeited/canceled
Weighted Average Exercise Price Forfeited/canceled
Weighted Average Remaining Contractual Life (years) Forfeited/canceled
Number of Shares Outstanding Ending	488,296	395,675
Weighted Average Exercise Price Outstanding Ending	$ 1.52	$ 0.11
Weighted Average Remaining Contractual Life (years) Outstanding Ending	3 years 7 months 6 days	4 years
Aggregate Intrinsic Value Outstanding Ending	$ 1,200,387	$ 2,478,501
Number of Shares Exercisable	488,296
Weighted Average Exercise Price Exercisable	$ 1.52
Weighted Average Remaining Contractual Life (years) Exercisable	3 years 7 months 6 days
Aggregate Intrinsic Value Exercisable	$ 1,200,387

Stock-based Compensation Expe_3

Stock-based Compensation Expense (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Stock-based Compensation Expense (Details) [Line Items]
Stock-based compensation expense	$ 0	$ 2,160
Unrecognized stock based compensation associated with stock options	0		$ 0
Granted shares with vesting (in Shares)			3,832,431
Stock compensation expense	22,174,488
Restricted stock awards	$ 18,831,680
Expensed term	3 years 6 months
Equity Option [Member]
Stock-based Compensation Expense (Details) [Line Items]
Options exercisable, description	The maximum number of shares of Common Stock that could have been issued over the term of the Plan could not exceed Four Hundred Fifty Thousand (450,000). Options are exercisable over periods not to exceed 10 years (five years for incentive stock options granted to holders of 10% or more of voting stock) from the date of grant.
Common Stock subject to option percentage	20.00%
Vesting term	1 year
Class A Common Stock [Member]
Stock-based Compensation Expense (Details) [Line Items]
Shares issued (in Shares)	13,130,368

Stock-based Compensation Expe_4

Stock-based Compensation Expense (Details) - Schedule of stock option activity - Stock Options [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Stock-based Compensation Expense (Details) - Schedule of stock option activity [Line Items]
Shares Available for Grant, Balance beginning	269,230	37,405
Outstanding Stock Awards, Balance beginning	345,661	1,315,218
Weighted Average Exercise Price, Balance beginning (in Dollars per share)	$ 0.97	$ 0.3
Weighted Average Remaining Contractual Life (years), Balance beginning		5 years 6 months
Aggregate Intrinsic Value, Balance beginning (in Dollars)	$ 2,061,303	$ 362,841
Shares Available for Grant, Granted
Outstanding Stock Awards, Granted
Weighted Average Exercise Price, Granted (in Dollars per share)
Weighted Average Remaining Contractual Life (years), Granted
Shares Available for Grant, Exercised
Outstanding Stock Awards, Exercised	(60,116)	(737,732)
Weighted Average Exercise Price, Exercised (in Dollars per share)	$ (0.67)	$ (0.28)
Weighted Average Remaining Contractual Life (years), Exercised
Shares Available for Grant, Forfeited/canceled (uncanceled)	(60,116)
Outstanding Stock Awards, Forfeited/canceled (uncanceled)	60,116
Weighted Average Exercise Price, Forfeited/canceled (uncanceled) (in Dollars per share)	$ 0.67
Weighted Average Remaining Contractual Life (years), Forfeited/canceled (uncanceled)
Shares Available for Grant, Forfeited/canceled		231,825
Outstanding Stock Awards, Forfeited/canceled		(231,825)
Weighted Average Exercise Price, Forfeited/canceled (in Dollars per share)		$ (0.65)
Weighted Average Remaining Contractual Life (years), Forfeited/canceled
Shares Available for Grant, Balance ending	209,114	269,230
Outstanding Stock Awards, Balance ending	345,661	345,661
Weighted Average Exercise Price, Balance ending (in Dollars per share)	$ 0.41	$ 0.97
Weighted Average Remaining Contractual Life (years), Balance ending	4 years 2 months 12 days	4 years 4 months 24 days
Aggregate Intrinsic Value, Balance ending (in Dollars)	$ 944,544	$ 2,061,303
Shares Available for Grant, Exercisable at March 31, 2022	209,114
Outstanding Stock Awards, Exercisable at March 31, 2022	345,661
Weighted Average Exercise Price, Exercisable at March 31, 2022 (in Dollars per share)	$ 0.41
Weighted Average Remaining Contractual Life (years), Exercisable at March 31, 2022	4 years 2 months 12 days
Aggregate Intrinsic Value, Exercisable at March 31, 2022 (in Dollars)	$ 944,544

Stock-based Compensation Expe_5

Stock-based Compensation Expense (Details) - Schedule of restricted stock activity - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Stock-based Compensation Expense (Details) - Schedule of restricted stock activity [Line Items]
Number of Shares, Outstanding, Beginning balance | shares	3,832,431
Weighted Average Grant Fair Value, Outstanding, Beginning balance | $ / shares	$ 14.75
Number of Shares, Granted | shares
Weighted Average Grant Fair Value, Granted | $ / shares
Number of Shares, Vested | shares
Weighted Average Grant Fair Value, Vested | $ / shares
Number of Shares, Forfeited/canceled | shares
Weighted Average Grant Fair Value, Forfeited/canceled | $ / shares
Number of Shares, Restricted shares unvested at March 31, 2022 | shares	3,832,431
Weighted Average Grant Fair Value, Restricted shares unvested at March 31, 2022 | $ / shares	$ 14.75

Loss Per Share (Details)

Loss Per Share (Details)	3 Months Ended
	Mar. 31, 2022shares
Loss Per Share [Abstract]
Stock options	345,661
Restricted awards	3,832,431
Convertible debt into common shares	488,296
Earn out shares	5,000,000
Warrants shares	1,750,000

Loss Per Share (Details) - Sche

Loss Per Share (Details) - Schedule of basic and diluted net loss per share - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of basic and diluted net loss per share [Abstract]
Comprehensive net loss attributable to stockholders	$ (15,493,058)	$ (5,456,034)
Weighted average common shares outstanding
Basic and diluted	46,832,919	22,888,700
Net loss per common share
Basic and diluted	$ (0.33)	$ (0.24)

Income Taxes (Details)

Income Taxes (Details)	Mar. 31, 2022USD ($)
Income Tax Disclosure [Abstract]
Deferred tax assets	$ 0

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2018
Commitments and Contingencies (Details) [Line Items]
Net raffle revenue, percentage				7.00%
Net raffle revenue				$ 0
Aggregate amount			$ 5,632
Leases expires, date	Jan. 21, 2022
Total rent expense	$ 109,608	$ 13,475
Rent expense	$ 244,945.91
Digital Securities [Member]
Commitments and Contingencies (Details) [Line Items]
Participation interests				$ 285,000,000

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of future minimum rent payments due under non-cancellable leases	Mar. 31, 2022USD ($)
Schedule of future minimum rent payments due under non-cancellable leases [Abstract]
2022 (nine months)	$ 144,457
2023	153,222
2024	48,404
Total	$ 346,083

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2020
Related Party Transactions (Details) [Line Items]
Cash paid		$ 4,700
Outstanding balance	$ 13,000
Initial expenses	100,000
Reimbursement on-going expenses	5,000
Master Goblin Games, LLC [Member]
Related Party Transactions (Details) [Line Items]
Reimbursement on-going expenses	$ 133,339.5

Revenue Disaggregation (Details

Revenue Disaggregation (Details) - Schedule of revenue disaggregation - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Schedule of revenue disaggregation [Abstract]
Gaming	$ 2,301,275	$ 3,232,448
Other	18,849,617	2,229,091
Total	$ 21,150,892	$ 5,461,539

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member]	Apr. 29, 2022$ / sharesshares
Subsequent Events (Details) [Line Items]
Liquidity of common shares | shares	130,546
Per share | $ / shares	$ 2.38