Lottery.com (LTRY) 10-Q 22 May 23 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	May 19, 2023
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-38508
Entity Registrant Name	Lottery.com Inc.
Entity Central Index Key	0001673481
Entity Tax Identification Number	81-1996183
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	20808 State Hwy 71 W
Entity Address, Address Line Two	Unit B, Spicewood
Entity Address, City or Town	Texas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78669
City Area Code	512
Local Phone Number	592-2451
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		50,925,271
Common stock, $0.001 par value
Title of 12(b) Security	Common stock, $0.001 par value
Trading Symbol	LTRY
Security Exchange Name	NASDAQ
Warrants to purchase one share of common stock, each at an exercise price of $11.50
Title of 12(b) Security	Warrants to purchase one share of common stock, each at an exercise price of $11.50
Trading Symbol	LTRYW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash	$ 369,322	$ 32,638,970
Restricted Cash	30,000,000
Accounts receivable	202,064	79,181
Prepaid expenses	20,627,111	22,896,638
Other current assets	259,447	226,200
Total current assets	51,457,944	55,840,989
Notes Receivable	2,000,000
Investments	250,000	250,000
Other long term assets	13,009,686
Goodwill	19,590,758	19,590,758
Intangible assets, net	27,207,725	28,710,980
Property and equipment, net	117,273	141,279
Total assets	113,633,386	104,534,006
Current liabilities:
Trade payables	4,728,841	1,006,535
Deferred revenue	517,857	1,162,335
Notes payable – current	3,292,244	3,771,340
Accrued interest	365,376	176,260
Accrued and other expenses	3,263,228	4,416,168
Total current liabilities	12,167,546	10,532,638
Long-term liabilities:
Other long-term liabilities	1,522	1,169
Total long-term liabilities	1,522	1,169
Commitments & Contingencies (Note 12)	30,000,000
Total liabilities	42,169,068	10,533,807
Commitments and contingencies (Note 12)
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, 50,540,906 and 50,256,317 issued and outstanding as of June 30, 2022 and December 31, 2021, respectively	50,540	50,256
Additional paid-in capital	267,191,008	239,358,644
Accumulated other comprehensive loss	(11,720)	(655)
Accumulated deficit	(198,295,525)	(148,188,138)
Total Lottery.com Inc. stockholders’ equity	68,934,303	91,220,107
Noncontrolling interest	2,530,015	2,780,092
Total Equity	71,464,318	94,000,199
Total liabilities and stockholders’ equity	$ 113,633,386	$ 104,534,006

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares outstanding	0	0
Preferred Stock, Shares Issued	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares, issued	50,540,906	50,256,317
Common stock, shares outstanding	50,540,906	50,256,317

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenue	$ 1,885,171	$ 9,878,497	$ 5,515,863	$ 15,340,036
Cost of revenue	1,577,239	1,063,355	3,961,981	4,010,336
Gross profit	307,932	8,815,142	1,553,882	11,329,700
Operating expenses:
Personnel costs	9,512,356	2,025,745	33,915,222	3,121,538
Professional fees	1,219,509	28,260	4,357,459	2,443,458
General and administrative	3,881,057	4,880,934	6,893,234	6,269,508
Depreciation and amortization	1,297,394	808,382	2,671,319	1,175,641
Total operating expenses	15,910,316	7,743,321	47,837,234	13,010,145
Income (loss) from operations	(15,602,384)	1,071,821	(46,283,352)	(1,680,445)
Other expenses
Interest (income) expense	71,045	2,742,163	75,026	5,214,211
Other (income) expense	(247,851)	(251,771)	3,941,293	(20,051)
Total other expenses (income), net	(176,806)	2,490,392	4,016,319	5,194,160
Net loss before income tax	(15,425,578)	(1,418,571)	(50,299,671)	(6,874,605)
Income tax expense (benefit)	23,364		46,728
Net loss	(15,448,942)	(1,418,571)	(50,346,399)	(6,874,605)
Other comprehensive loss
Foreign currency translation adjustment, net	(10,001)		(11,065)
Comprehensive loss	(15,458,941)	(1,418,571)	(50,357,464)	(6,874,605)
Net income attributable to noncontrolling interest	102,520		250,077
Net loss attributable to Lottery.com Inc.	$ (15,356,422)	$ (1,418,571)	$ (50,107,386)	$ (6,874,605)
Net loss per common share
Basic and diluted	$ (0.30)	$ (0.06)	$ (1)	$ (0.29)
Weighted average common shares outstanding
Basic and diluted	50,412,982	24,080,026	50,346,649	23,492,214

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Equity (Unaudited) - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]
Balance value at Dec. 31, 2020	$ 16,634,973	$ 22,658	$ 111,752,883	$ (95,140,568)		$ 16,634,973
Balance shares at Dec. 31, 2020		22,658,006
Issuance of common stock upon stock option exercise	6,998	$ 116	6,882			6,998
Issuance of common stock upon stock option exercise, shares		115,724
Conversion of convertible debt	935,000	$ 1,398	933,602			935,000
Conversion of convertible debt, 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	4,320		4,320			4,320
Stock based compensation, shares
Issuance of common stock for the purchase of JuegaLotto	460,150	$ 688	459,462			460,150
Issuance of common stock for the purchase of JuegaLotto, shares		688,335
Net loss	(6,874,605)			(6,874,605)		(6,874,605)
Balance at Jun. 30, 2021	20,424,851	$ 24,860	122,415,164	(102,015,173)		20,424,851
Balance shares at Jun. 30, 2021		24,860,289
Balance value at Dec. 31, 2020	16,634,973	$ 22,658	111,752,883	(95,140,568)		16,634,973
Balance shares at Dec. 31, 2020		22,658,006
Balance at Dec. 31, 2021	94,000,199	$ 50,256	239,358,644	(148,188,138)	(655)	91,220,107	2,780,092
Balance shares at Dec. 31, 2021		50,256,317
Balance value at Mar. 31, 2021	21,375,014	$ 24,071	121,947,545	(100,596,602)		21,375,014
Balance shares at Mar. 31, 2021		24,071,259
Issuance of common stock upon stock option exercise	6,098	$ 101	5,997			6,098
Issuance of common stock upon stock option exercise, shares		100,695
Stock based compensation	2,160		2,160			2,160
Stock based compensation, shares
Issuance of common stock for the purchase of JuegaLotto	460,150	$ 688	459,462			460,150
Issuance of common stock for the purchase of JuegaLotto, shares		688,335
Net loss	(1,418,571)			(1,418,571)		(1,418,571)
Balance at Jun. 30, 2021	20,424,851	$ 24,860	122,415,164	(102,015,173)		20,424,851
Balance shares at Jun. 30, 2021		24,860,289
Balance value at Dec. 31, 2021	94,000,199	$ 50,256	239,358,644	(148,188,138)	(655)	91,220,107	2,780,092
Balance shares at Dec. 31, 2021		50,256,317
Issuance of common stock upon stock option exercise		$ 60	(60)
Issuance of common stock upon stock option exercise, shares	60,116	60,116
Conversion of convertible debt, shares	5,000,000
Issuance of common stock for legal settlement	$ 241,740	$ 60	241,680			241,740
Issuance of common stock for legal settlement, shares		60,000
Stock based compensation	27,590,908	$ 164	27,590,744			27,590,908
Stock based compensation, shares		164,473
Other comprehensive loss	(11,065)				(11,065)	(11,065)
Net loss	(50,357,464)			(50,107,387)		(50,107,387)	(250,077)
Balance at Jun. 30, 2022	71,464,318	$ 50,540	267,191,008	(198,295,525)	(11,720)	68,934,303	2,530,015
Balance shares at Jun. 30, 2022		50,540,906
Balance value at Mar. 31, 2022	80,223,009	$ 50,376	260,480,919	(182,939,102)	(1,719)	77,590,474	2,632,535
Balance shares at Mar. 31, 2022		50,376,433
Issuance of common stock upon stock option exercise, shares
Stock based compensation	6,710,253	$ 164	6,710,089			6,710,253
Stock based compensation, shares		164,473
Other comprehensive loss	(10,001)				(10,001)	(10,001)
Net loss	(15,458,943)			(15,356,423)		(15,356,423)	(102,520)
Balance at Jun. 30, 2022	$ 71,464,318	$ 50,540	$ 267,191,008	$ (198,295,525)	$ (11,720)	$ 68,934,303	$ 2,530,015
Balance shares at Jun. 30, 2022		50,540,906

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (50,107,386)	$ (6,874,605)
Adjustments to reconcile net income to net cash used in operating activities:
Loss Attributable to noncontrolling interest	(250,077)
Depreciation and amortization	2,707,239	1,343,744
Non-cash interest expense		1,841,807
Issuance of common stock for legal settlement	241,740
Stock based compensation	27,590,908	2,160
Changes in assets and liabilities:
Accounts receivable	(122,883)
Prepaid expenses	2,269,527	894,872
Other current assets	(33,247)	(54,853)
Other long-term assets	(13,009,686)
Note receivable	(2,000,000)
Trade payables	3,722,305	(354,736)
Accounts payable and accrued expenses	(1,152,940)	1,512,125
Deferred revenue	(644,478)	(2,039,113)
Accrued interest	189,116	(605,961)
Other long term liabilities	353
Commitments and contingencies	30,000,000
Net cash (used in) provided by operating activities	(599,509)	(4,334,560)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of fixed assets	(18,305)	(57,452)
Purchase of intangibles	(1,161,673)	(3,050,000)
Net cash used in investing activities	(1,179,978)	(3,107,452)
CASH FLOWS 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
Payments on notes payable - related parties	(479,096)
Principal payments on debt		(4,856,250)
Net cash (used in) provided by financing activities	(479,096)	14,535,596
Net effect of exchange rate changes on Cash	(11,065)
NET CHANGE IN NET CASH AND RESTRICTED CASH	(2,269,648)	7,093,584
CASH AND RESTRICTED CASH - BEGINNING OF YEAR	32,638,970	158,492
CASH AND RESTRICTED CASH - END OF PERIOD	30,369,322	7,252,076
Supplemental Disclosure of Cash Flow Information:
Interest paid in cash		24,280
Taxes paid in cash
Noncash investing and financing activities
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	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [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 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. In connection with the Business Combination, we moved our headquarters from New York, New York to AutoLotto’s offices in Spicewood, Texas. We are a provider of domestic and international lottery products and services. As an independent third-party lottery game service, we offer a platform developed and operated by us to enable the remote purchase of legally sanctioned lottery games in the U.S. and abroad (the “Platform”). Our 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 ” We have been a provider of lottery products and services, our business is subject to regulation in each jurisdiction in which we offer the B2C Platform, or a commercial partner offers users access to lottery games through the B2B API. In addition, we must also comply with the requirements of federal and other domestic and foreign regulatory bodies and governmental authorities in jurisdictions in which we operate or with authority over our business. Our business is also 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, we acquired an 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.

Liquidity and Going Concern

Liquidity and Going Concern	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity and Going Concern	On July 28, 2022, the Board determined that the Company did not currently have sufficient financial resources to fund its operations or pay certain existing obligations, including its payroll and related obligations and effectively ceased its operations furloughing certain employees effective July 29, 2022 (the “Operational Cessation”). Subsequently, the Company has had minimal day-to-day operations and has primarily focused its operations on restarting certain aspects of its core business (the “Plans for Recommencement of Company Operations”). On April 25, 2023, as part of the Plans for Recommencement of Company Operations, the Company resumed its ticket sales operations to support its affiliate partners through its Texas retail network. 2. Liquidity and Going Concern The accompanying consolidated financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and classification of liabilities and commitments in the normal course of business. The accompanying consolidated financial statements do not reflect any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classifications of liabilities that might result if the Company is unable to continue as a going concern. Pursuant to the requirements of the Financial Accounting Standards Board’s Accounting Standards Codification (“ASC”) Topic 205-40, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, management must evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date these financial statements are issued. This evaluation does not take into consideration the potential mitigating effect of management’s plans that have not been fully implemented or are not within control of the Company as of the date the financial statements are issued. When substantial doubt exists under this methodology, management evaluates whether the mitigating effect of its plans sufficiently alleviates substantial doubt about the Company’s ability to continue as a going concern. The mitigating effect of management’s plans, however, is only considered if both (1) it is probable that the plans will be effectively implemented within one year after the date that the financial statements are issued, and (2) it is probable that the plans, when implemented, will mitigate the relevant conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. Due to losses experienced by the Company’s Operational Cessation, the Company has experienced recurring net losses and negative cash flows from operations and has an accumulated deficit of approximately $ 198 9.3 15.6 46.3 1.1 1.6 The Company has historically funded its activities to date almost exclusively from debt and equity financing. Management’s plans in order to meet its operating cash flow requirements include financing activities such as private placements of its common stock, preferred stock offerings, and issuances of debt and convertible debt. Although Management believes that it will be able to continue to raise funds by sale of its securities to provide the additional cash needed to meet the Company’s obligations as they become due beginning with a loan agreement the Company entered into with Woodford Eurasia Assets, Ltd. (“Woodford”) on December 7, 2022 (see Note 14. Subsequent Events), the Plans for Recommencement of Company Operations to require substantial funds to implement and there is no assurance that the Company will be able to continue raising the required capital. The Company’s ability to continue as a going concern for the next twelve months from the issuance of these financial statements depends on its ability to execute its business plan, increase revenue, and reduce expenditures. Such conditions raise substantial doubt about the Company’s ability to continue as a going concern. We will require additional financing to continue to execute on our business plan. However, there can be no assurances that we will be successful in raising the additional capital necessary to continue operations and execute on our business plan.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	3. 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 and six months ended June 30, 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 unaudited 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 this 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 Amendment No. 1 to our Annual Report on Form 10-K/A that was filed with the Securities and Exchange Commission on May 10, 2023. 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 to be 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) our combined results and AutoLotto following the Closing; (iii) the assets and liabilities of AutoLotto at their historical cost; and (iv) our 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 our 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 our management in deciding how to allocate resources and in assessing operating performance. Under the provisions of ASC 280-10, “Segment Reporting” (“ASC 280”), we are not organized around specific services or geographic regions. We operate in one service line, providing lottery products and services. Our management uses 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 we are not exposed to any significant credit risk related to cash deposits. Significant customers are those which represent more than 10 Schedule of Total Net Accounts Receivable Revenue For the six June 30, Customer 2022 2021 Customer A 24 % - % Customer B 8 % 19 % Customer C - % 46 % Customer D - % 20 % The customers above had no outstanding receivables as of June 30, 2022 and 2021. 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. We evaluate our estimates on an ongoing basis and prepare our estimates on a historical experience using assumptions we believe to be reasonable under the circumstances. Foreign currency translation The financial statements of the Company’s significant non-U.S. subsidiaries are translated into United States dollars in accordance with ASC 830, “Foreign Currency Matters”, using period-end rates of exchange for assets and liabilities, and average rates of exchange for the period for revenues, costs and expenses and historical rates for equity. Resulting foreign currency translation adjustments are recorded directly in accumulated other comprehensive loss as a separate component of shareholders’ deficit. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in general and administrative expenses in the accompanying consolidated statement of operations and comprehensive loss when realized. Cash As of June 30, 2022 and December 31, 2021, cash and cash equivalents were composed of cash deposits. Certain 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 we are subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships. The Company had no Accounts Receivable Through the various merchant providers used by us, we pre-authorize forms of payment prior to the sale of digital representation of lottery games to minimize exposure to losses related to uncollected payments and we do not extend credit to the user of the B2C Platform or the commercial partner of the B2B API, or its customers, in the normal course of business. We accrue 100 percent of all expenses associated with LotteryLink prior to issuing accounts payable to a Master Affiliate or receiving associated payments. We estimate our bad debt exposure each period and record a bad debt provision for accounts receivable we believe may not be collected in full. The Company did not record any allowance for uncollectible receivables as of June 30, 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 4% 20% 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 years Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Schedule of Depreciation of Property and Equipment Computers and equipment 3 Furniture and fixtures 5 Software 3 Notes Receivable Notes receivable consist of contracts where the Company has loaned 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. Software License Software license represents the Company’s license agreements for third party software, which are amortized over their estimated economic lives. Customer relationships Customer relationships are finite-lived intangible assets, which are amortized over their estimated economic lives. Customer relationships are generally recognized as the result of business combinations. Gaming Licenses The Company incurs fees in connection with applying for and maintaining good standing in jurisdictions via business licenses. Fees incurred in connection with the application and subsequent renewals are capitalized and amortized using the straight-line method over an estimated useful life. These fees are capitalized and amortized over the shorter of their expected benefit under the partnership agreement or estimated useful life. Trademarks and Tradenames The Company incurs fees in connection with applying for and maintaining trademarks and tradenames as well as trademarks and tradenames resulting from acquisitions. Fees incurred in connection with the application and subsequent renewals are capitalized and amortized using the straight-line method over an estimated useful life. Domain Name Domain name represents the cost incurred to purchase website domain names which are being amortized on a straight-line method over estimated useful lives. Impairment of Long-Lived Assets Long-lived assets, except for goodwill, consist of property and equipment and finite-lived acquired intangible assets, such as internal-use software, software licenses, customer relationships, gaming licenses, trademarks, tradenames and customer relationships. Long-lived assets, except for goodwill and indefinite-lived assets, are tested for recoverability whenever events or changes in business circumstances indicate that the carrying amount of the asset may not be fully recoverable. Impairment expense is recognized to the extent an asset’s expected undiscounted future cash flows are less than the asset’s carrying amount. The Company determined that there was no significant impairment of long-lived assets during the six months ended June 30, 2022 or the year ended December 31, 2021. Goodwil The Company’s business is classified into one reporting unit. In testing goodwill for impairment, the Company has the option to begin with a qualitative assessment, commonly referred to as “Step 0,” to determine whether it is more likely than not that the fair value of a reporting unit containing goodwill is less than its carrying value. This qualitative assessment may include, but is not limited to, reviewing factors such as macroeconomic conditions, industry and market considerations, cost factors, entity-specific financial performance and other events, such as changes in the Company’s management, strategy and primary user base. If the Company determines that it is more likely than not that the fair value of a reporting unit is less than its carrying value, the Company performs a quantitative goodwill impairment analysis by comparing the carrying amount to the fair value of the reporting unit. If the carrying amount exceeds the fair value, goodwill will be written down to the fair value and recorded as impairment expense in the consolidated statements of operations. The Company performs its impairment testing annually and when circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. 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, revenue is recognized at a point in time. The Company receives consideration for lottery game sales at the time of delivery to the customer, either 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, representing 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. 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” Net Loss per Share Basic net loss per share is calculated by dividing the net loss for the period by the weighted-average number of common shares outstanding during the period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. As of June 30, 2022, the Company excluded 345,661 3,832,431 488,296 5,000,000 1,750,000 Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that may have an impact on our accounting and reporting. We believe that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on our accounting or reporting or that such impact will not be material to our financial position, results of operations and cash flows when implemented.

Business Combination

Business Combination	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Business Combination	4. 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 Business Combination (other than excluded shares as contemplated by the Business Combination Agreement) was canceled and converted into the right to receive approximately 3.0058 The Business Combination closing was a triggering event for the Series B convertible notes, of which $ 63.8 3,248,526 9,764,511 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 3, 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 9,460,000 11,068,000 5,475,000 5,593,000 Pursuant to the terms of the Business Combination Agreement, the holders of issued and outstanding shares of AutoLotto prior to the Closing (the “Sellers”) were entitled to receive up to 6,000,000 4,000,000 3,000,000 2,000,000 Global Gaming Acquisition On June 30, 2021, the Company acquired 100 80 22.0848 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 10,530,000 687,439 0.67 10,055,214 80 13,215,843 20 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 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. The following are details of the purchase price allocated to the intangible assets acquired. 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 The following unaudited pro forma condensed consolidated results of operations for the six months ended June 30, 2021 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. Schedule of Business Combination Pro Forma Information For the six months ended June 30, 2021 Global Lottery.com Gaming Pro forma Total revenues $ 15,340,036 1,038,737 $ 16,378,773 Net loss (6,874,157 ) (7,171 ) (6,881,328 ) Net loss attributable to shareholders $ (6,874,157 ) (7,171 ) $ (6,881,328 ) Net loss per common share Basic and diluted $ (0.29 ) $ (0.29 ) Weighted average common shares outstanding Basic and diluted 23,492,214 23,492,214 Subsequently, the Company adjusted Goodwill for the recording of related deferred tax liabilities as the Company released $ 1.6

Property and Equipment, net

Property and Equipment, net	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment, net	5. Property and Equipment, net Property and equipment, net as of June 30, 2022 and December 31, 2021, consisted of the following: Schedule of Property and Equipment, Net June 30, December 31, 2022 2021 Computers and equipment $ 110,498 $ 113,151 Furniture and fixtures 64,075 23,760 Software 1,903,121 1,903,121 Property and equipment 2,077,694 2,040,032 Accumulated depreciation (1,960,421 ) (1,898,753 ) Property and equipment, net $ 117,273 $ 141,279 Depreciation expense was $ 36,277 61,668 68,522 221,975

Intangible assets, net

Intangible assets, net	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets, net	6. Intangible assets, net Gross carrying values and accumulated amortization of intangible assets: Schedule of Finite Lived Intangible Assets Amortization Expenses June 30, 2022 December 31, 2021 Useful Life Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Amortizing intangible assets Customer relationships 6 $ 1,350,000 $ (590,554 ) $ 759,446 $ 1,350,000 $ (556,387 ) $ 793,613 Trade name 6 2,550,000 (428,890 ) 2,121,110 2,550,000 (217,223 ) 2,332,777 Technology 6 3,050,000 (1,064,444 ) 1,985,556 3,050,000 (929,444 ) 2,120,556 Software agreements 6 14,450,000 (4,755,276 ) 9,694,724 14,450,000 (3,145,277 ) 11,304,723 Gaming license 6 4,020,000 (670,000 ) 3,350,000 4,020,000 (335,000 ) 3,685,000 Internally developed software 2 10 3,316,923 (94,451 ) 3,222,472 2,192,050 (23,323 ) 832,709 Domain name 15 6,935,000 (860,583 ) 6,074,417 6,935,000 (629,416 ) 6,305,584 $ 35,671,923 $ (8,464,198 ) $ 27,207,725 $ 34,547,050 $ (5,836,070 ) $ 28,710,980 Amortization expense with respect to intangible assets for the three months ended June 30, 2022 and 2021 totaled $ 1,209,465 1,278,500 2,664,928 2,199,083 Estimated amortization expense for years of useful life remaining is as follows: Schedule of Estimated Amortization Expense Years ending December 31, Amount Remainder of 2022 $ 1,375,523 2023 5,169,975 2024 5,169,975 2025 5,169,975 2026 5,169,975 Thereafter $ 2,514,841 The Company had software development costs of $ 2,342,163 2,080,999

Notes Receivable

Notes Receivable	6 Months Ended
	Jun. 30, 2022
Credit Loss [Abstract]
Notes Receivable	7. Notes Receivable On March 22, 2022, the Company entered into a three year secured promissory note agreement with a principal amount of $ 2,000,000 3.1% 2,000,000 17,109 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	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Notes Payable and Convertible Debt	8. 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 10 December 31, 2022 771,500 138,822 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 8 December 21, 2021 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 8 0 10,000,000 6 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 71,812 As of October 29, 2021, all except $ 185,095 9,764,511 185,095 35,184 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 3.75 150,000 6,276 In August 2020, the Company entered into three separate note payable agreements with three individuals for an aggregate amount of $ 37,199 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 totaling $ 12,674,635 0 June 30, 2022 4.1 2,357,744 2,628,234

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Jun. 30, 2022
Equity
Stockholders’ Equity	9. Stockholders’ Equity Common Stock Our Certificate of Incorporation, as amended, authorizes the issuance of an aggregate of 500,000,000 0.001 one As of June 30, 2022 and December 31, 2021, 50,540,906 50,256,317 Schedule of Common Stock Issuance of Common Stock for legal settlement 60,000 Exercise of options (Note 10) 60,116 Restricted stock award 164,473 Total 284,589 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 ● upon a minimum of 30 ● if, and only if, the last sale price of the Company’s common stock equals or exceeds $ 16.00 20 30 ● 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 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. After giving effect to the Business Combination, there were 20,125,002 20,125,000 488,296 Schedule of Common Stock Warrant Outstanding Weighted Weighted Average Average Remaining Number of Exercise Contractual Aggregate Shares Price Life (years) Intrinsic Value Outstanding at December 31, 2021 395,675 $ 0.11 4.0 $ 2,478,501 Granted 92,621 7.56 3.0 Exercised - Forfeited/cancelled - Outstanding at June 30, 2022 488,296 1.52 3.6 $ 1,200,387 Exercisable at June 30, 2022 488,296 $ 1.52 3.6 $ 1,200,387 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 1,750,000 12.00 21,000,000 1,750,000 1,750,000 1,750,000 1,750,000 May 29, 2023 100 1,750,000 Common Stock Warrants On February 15, 2022, the Company issued warrants to purchase an aggregate 92,621 7.56 194,695 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: Schedule of Fair Value of Issuance Debts 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 six months ended June 30, 2022 or the year ended December 31, 2021. All outstanding warrants are fully vested and have a weighted average remaining contractual life of 3.6 194,695 0 Schedule of Common Stock Warrant 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 June 30, 2022 488,296 $ 1.52 3.6 $ 1,200,387 Exercisable at June 30, 2022 488,296 $ 1.52 3.6 $ 1,200,387 Beneficial Conversion Feature – Convertible Debt As detailed in Note 8 – 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 2,795,000 Earnout Shares As detailed in Note 3 – as part of the TDAC Combination as of December 31, 2021 a total of 5,000,000

Stock-based Compensation Expens

Stock-based Compensation Expense	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation Expense	10. 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 not 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 20% 1 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 five Stock Options The Company did not issue any new stock options during the six months ended June 30, 2022 and 2021. The following table shows stock option activity for the six months ended June 30, 2022 and 2021: Schedule of Stock Option 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 June 30, 2022 209,114 345,661 $ 0.41 4.2 $ 944,544 Exercisable at June 30, 2022 209,114 345,661 $ 0.41 4.2 $ 944,544 Stock-based compensation expense related to the employee options was $ 0 4,320 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 June 30, 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 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 2.38 For the six months ended June 30, 2022, the Company recognized $ 27,590,908 4,777,993 3.3 The Company had restricted stock activity summarized as follows: Schedule of Restricted Stock Awards Activity Weighted Average Number of Grant Shares Fair Value To Outstanding at December 31, 2021 3,832,431 $ 14.75 Granted - - Vested - - Forfeited/canceled - - Restricted shares unvested at June 30, 2022 3,832,431 $ 14.75

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes We are required to file federal and state income tax returns in the United States. The preparation of these tax returns requires us to interpret the applicable tax laws and regulations in effect in such jurisdictions, which could affect the amount of tax paid by us. In consultation with our tax advisors, we base our tax returns on interpretations that are believed to be reasonable under the circumstances. The tax returns, however, are subject to routine reviews by the various federal and state taxing authorities in the jurisdictions in which we file tax returns. As part of these reviews, a taxing authority may disagree with respect to the income tax positions taken by us (“uncertain tax positions”) and, therefore, may require us to pay additional taxes. As required under applicable accounting rules, we accrue an amount for our estimate of additional income tax liability, including interest and penalties, which we could incur as a result of the ultimate or effective resolution of the uncertain tax positions. We account for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carry-forwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established when necessary to reduce deferred tax assets to amounts expected to be realized.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021. Digital Securities In 2018, the Company commenced an offering (the “LDC Offering”) of 285 7 5,632 The Company leases office space in Spicewood, Texas (the “Spicewood Lease”), under an agreement which expires January 21, 2024 219,216 26,950 The Company leases space to facilitate its business in Waco, Texas (the “Waco Lease”). On or about April 6, 2022, the Company remitted payment in the amount of $ 40,221 December 31, 2024 204,725 As of June 30, 2022, future minimum rent payments due under non-cancellable leases with initial maturities greater than one year are as follows: Schedule of Future Minimum Rent Payments Due Under Non Cancellable Leases Years ending December 31, Amount 2022 (six months) 144,457 2023 153,222 2024 48,404 Total $ 346,083 Litigation and Other Loss Contingencies As of June 30, 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. See Note 14 for additional information. Restricted Cash and Letter of Credit As of June 30, 2022, the Company had restricted cash of $ 30,000,000 30,000,000 30,000,000 30,000,000 J. Streicher Financial On July 29, 2022, the Company filed an original Verified Complaint for Breach of Contract and Specific Performance Complaint Streicher Chancery Court 16,500,000 Granting with Modifications Company’s Motion for Partial Summary Judgment 16,500,000 Judgment 397,036.94 Fee Order In an effort to avoid post-judgment discovery, Streicher has indicated a willingness to pay the judgment over time with interest and is attempting to negotiate a settlement and forbearance agreement with the Company. Streicher’s original deadline to produce documents and respond to the post-judgment discovery was January 16, 2023, and the Deposition was scheduled to take place on January 19, 2023. On January 20, 2023, faced with post-judgment discovery and depositions, Streicher remitted a partial payment towards the Judgment in the amount of $ 75,000 50,000 75,000

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 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 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 former 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 $ 133,340 , including expense reimbursements, under the Service Agreement, as of March 31, 2022. In January 2023, Woodford Eurasia Assets, Ltd. signed a letter of intent to acquire Master Goblin. Such letter of intent would give Woodford the right to appoint a director to the Board of Directors of the Company (see Note 14. Subsequent Events). As of the date of this Amended Report, no definitive documentation for this transaction has been signed.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events Effective July 1, 2022, Harry Dhaliwal was named as the Company’s Interim Chief Financial Officer and principal financial officer. The Company entered into a consulting agreement with Mr. Dhaliwal on July 1, 2022 (the “Consulting Agreement”). The Consulting Agreement provided for Mr. Dhaliwal to serve as Interim Chief Financial Officer of the Company for six months, commencing on July 1, 2022 and terminating on December 31, 2022. Mr. Dhaliwal’s consulting services could be terminated earlier than December 31, 2022 (i) upon Mr. Dhaliwal’s resignation or death or (ii) by either the Company or Mr. Dhaliwal without cause or reason upon written notice to the other party 15 days prior to the termination date of the Consulting Agreement. Mr. Dhaliwal agreed to among other things, assist the Company with its financial systems, develop a financial dashboard for the Board of Directors and Senior Management and carry out a comprehensive review of the Company’s finance function. The Consulting Agreement included customer and employee non-solicitation provisions as well as confidentiality obligations. Pursuant to the Consulting Agreement, Mr. Dhaliwal was to be paid a total of $ 209,550 50,000 On July 21, 2022, Lawrence Anthony “Tony” DiMatteo III, the then Chief Executive Officer of the Company and a member of its Board of Directors, provided a notice of resignation as CEO of the Company, its wholly-owned subsidiary, AutoLotto, and all of its other subsidiaries and affiliates with the exception of LTRY WinTogether, Inc., with immediate effect. In connection with Mr. DiMatteo’s resignation, the Company entered into a resignation and release agreement with Mr. DiMatteo effective July 22, 2022 (the “Release Agreement”). Pursuant to the Release Agreement, Mr. DiMatteo resigned as CEO of the Company effective July 22, 2022. Following Mr. DiMatteo’s resignation, he agreed to serve as Senior Advisor to the Board commencing on July 22, 2022 and continuing until the either party gives not less than ten (10) days’ prior notice to the other party (the “Consulting Period”) unless certain conditions for earlier termination become applicable. Mr. DiMatteo agreed to, among other things, (i) provide consulting and advisory services to the Board of Directors of the Company as requested and (ii) cooperate in any ongoing and any future investigation by or related to the Company. Non-compete and customer and employee non-solicitation provisions as well as confidentiality obligations from prior agreements entered into between Mr. DiMatteo and the Company will apply while he consults and for a period of one year thereafter. Mr. DiMatteo may be paid $ 1,000 On July 28, 2022, the Board determined that the Company did not currently have sufficient financial resources to fund its operations or pay certain existing obligations, including its payroll and related obligations and ceased its operations. Accordingly, the Company furloughed certain employees effective July 29, 2022. As of March 31, 2023, the Company owed approximately 1.4 On July 29, 2022, the Company filed its original Verified Complaint for Breach of Contract and Specific Performance (the “Streicher Complaint”) against J. Streicher Financial, LLC (“Streicher”) in the Court of Chancery of the State of Delaware (the “Chancery Court”), styled AutoLotto, Inc. dba Lottery.com v. J. Streicher Financial, LLC (Case No. 2022-0661-MTZ). In the Streicher Complaint, the Company alleged that Streicher breached the contract entered into by the parties on March 9, 2022 and demanded that Streicher return $16,500,000.00 it owed to the Company. On September 26, 2022, the Chancery Court entered an order in favor of the Company, Granting with Modifications Company’s Motion for Partial Summary Judgment in the amount of $16,500,000.00 (the “Streicher Judgment”). On October 27, 2022, the Chancery Court further awarded the Company $397,036.94 in attorney’s fees (the “Fee Order”). On November 15, 2022, the Company initiated efforts against Streicher to seek collections on the Judgment. On December 8, 2022, the Company’s prior attorney Skadden, Arps, Slate, Meagher & Flom, LLP (“Skadden”) filed its Combined Motion to Withdraw as Counsel and For a Charging Lien in amount of $3,024,201.17 for legal fees unpaid by Company (“Skadden’s Motion”). 75,000.00 50,000.00 75,000.00 On August 19, 2022, Preston Million filed the Class Action Complaint (the “Class Action Complaint”) against the Company and certain former officers and directors of the Company in the United States District Court for Southern District of New York (the “SDNY”), styled Preston Million, Individually and on Behalf of All Others Similarly Situated vs. Lottery.com, Inc. f/k/a Trident Acquisitions Corp., Anthony DiMatteo, Matthew Clemenson and Ryan Dickinson (Case No. 1:22-cv-07111-JLR). The Class Action Complaint alleged violations by all defendants of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) 15 U.S.C. §§ 78j(b), 78t(a), as amended by the Private Securities Litigation Reform Act of 1995 (“PSLRA”), U.S.C. § 78u-4 et seq. (collectively “Federal Securities Laws”). On November 18, 2022, the SNDY ordered the appointment of RTD Bros, LLC, Todd Benn, Tom Benn and Tomasz Rzedian (collectively “Lottery Investor Group”) as lead plaintiff and Glancy Prongay & Murray, LLP as lead counsel for plaintiffs and for the class in the case. On December 5, 2022, the Court stipulated a Scheduling Order in the case. On January 12, 2023, the Company’s legal counsel timely filed its Notice of Appearance. On January 31, 2022, plaintiffs filed their Amended Complaint adding Kathryn Lever, Marat Rosenberg, Vadim Komissarov, Thomas Gallagher, Gennadii Butkevych, Ilya Ponomarev as additional defendants in the case. The Amended Complaint alleges, among other things, that defendants made materially false and misleading statements in violation of Section 10(b),14(a) and 20(a) of the Exchange Act and plaintiffs seek compensatory damages, reasonable cost and expenses including counsel fees and expert fees. Pursuant to the Scheduling Order, the Company filed its motion to dismiss the Amended Complaint on April 3, 2023, under the newly consolidated caption and its proposed order to dismiss the matter. Plaintiffs are expected to file their opposition to the motion to dismiss no later than May 18, 2023, which would trigger the Company’s deadline to file its reply brief in support of their motion to dismiss no later than June 20, 2023. On September 8, 2022, the Board appointed Mr. Sohail S. Quraeshi as CEO of the Company effective from September 12, 2022. On September 27, 2022, Armanino LLP (“Armanino”) resigned as the independent registered public accounting firm of the Company effective immediately. On October 7, 2022, the Audit Committee of the Board of Directors of the Company approved the engagement of Yusufali & Associates, LLC, (“Yusufali”) as the Company’s new independent registered public accounting firm. On November 15, 2022, the Company formed a new wholly-owned subsidiary, Sports.Com, Inc., as a Texas corporation (the “New Subsidiary”). The New Subsidiary will share the same principal address as the Company. In connection therewith, on November 19, 2022, the Company filed in the State of Texas a “doing business as” assumed name registration under the name, “Sports.Com”, and intends to file additional assumed name registrations under this name in other U.S. and foreign jurisdictions. In December 2022, an agreement was signed by and between Sports.com and Data Sports Group, GmbH (“ DSG Sports The Company has received funding that became available through Woodford Eurasia Assets, Ltd. (“ Woodford 2.5 1.25 1.25 52.5 50 12 22 Amounts borrowed pursuant to the Loan Agreement are convertible into the Company’s common stock, beginning 60 days after the first loan date, at the option of the lender, at the rate of 80 % of the lowest publicly available price per share of Company common stock within 10 business days of the date of the agreement (which was equal to $ 0.28 per share), subject to a 4.99 % beneficial ownership limitation and a separate limitation preventing the holder from holding more than 19.99 % of the issued and outstanding common stock of the Company, without the Company obtaining shareholder approval for such issuance. Conditions to the loan included the resignation of four of the then members of the Board of Directors (Lisa Borders, Steven M. Cohen, Lawrence Anthony DiMatteo and William Thompson, all of which persons have subsequently resigned from the Board of Directors), and the appointment of two new directors (who have been appointed). Subsequent loans under the Loan Agreement also require our compliance with all listing requirements, unless waived by Woodford. The Loan Agreement also allows Woodford to nominate another director to the Board of Directors, in the event any independent member of the Board of Directors resigns. Proceeds of the loans can only be used by us for restarting our operations, and for general corporate purposes agreed to by Woodford. The Loan Agreement includes confidentiality obligations, representations, warranties, covenants, and events of default, which are customary for a transaction of this size and nature. Included in the Loan Agreement are covenants prohibiting us from (a) making any loan in excess of $ 1 1 1 1 We also agreed to grant warrants to Woodford to purchase 15 7,619,207 0.28 25 0.21 On January 30, 2023, Mr. Edward K. Moffly resigned as Interim Chief Financial Officer of the Company. On February 1, 2023, the Board of Directors of the Company On March 13, 2023, John Brier, Bin Tu and JBBT, LLC (collectively, the “TinBu Plaintiffs”) filed its original complaint against Lottery.com, Inc. f/k/a AutoLotto, Inc. and its wholly-owned subsidiary TinBu, LLC (“TinBu”) in the Circuit Court of the 13 th 4.6 On March 29, 2023, the WinTogether Foundation Board of Directors voted to suspend its relationship with the Company. On April 22, 2023, the Company signed an exclusive affiliate agreement with International Gaming Alliance (IGA), to supply official Texas lottery tickets in the Dominican Republic. On April 25, 2023, the Company recommenced its ticket sales operations through its Texas retail network.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [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 and six months ended June 30, 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 unaudited 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 this 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 Amendment No. 1 to our Annual Report on Form 10-K/A that was filed with the Securities and Exchange Commission on May 10, 2023.
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 to be 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) our combined results and AutoLotto following the Closing; (iii) the assets and liabilities of AutoLotto at their historical cost; and (iv) our 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 our 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 our management in deciding how to allocate resources and in assessing operating performance. Under the provisions of ASC 280-10, “Segment Reporting” (“ASC 280”), we are not organized around specific services or geographic regions. We operate in one service line, providing lottery products and services. Our management uses 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 we are not exposed to any significant credit risk related to cash deposits. Significant customers are those which represent more than 10 Schedule of Total Net Accounts Receivable Revenue For the six June 30, Customer 2022 2021 Customer A 24 % - % Customer B 8 % 19 % Customer C - % 46 % Customer D - % 20 % The customers above had no outstanding receivables as of June 30, 2022 and 2021.
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. We evaluate our estimates on an ongoing basis and prepare our estimates on a historical experience using assumptions we believe to be reasonable under the circumstances.
Foreign currency translation	Foreign currency translation The financial statements of the Company’s significant non-U.S. subsidiaries are translated into United States dollars in accordance with ASC 830, “Foreign Currency Matters”, using period-end rates of exchange for assets and liabilities, and average rates of exchange for the period for revenues, costs and expenses and historical rates for equity. Resulting foreign currency translation adjustments are recorded directly in accumulated other comprehensive loss as a separate component of shareholders’ deficit. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in general and administrative expenses in the accompanying consolidated statement of operations and comprehensive loss when realized.
Cash	Cash As of June 30, 2022 and December 31, 2021, cash and cash equivalents were composed of cash deposits. Certain 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 we are subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships. The Company had no
Accounts Receivable	Accounts Receivable Through the various merchant providers used by us, we pre-authorize forms of payment prior to the sale of digital representation of lottery games to minimize exposure to losses related to uncollected payments and we do not extend credit to the user of the B2C Platform or the commercial partner of the B2B API, or its customers, in the normal course of business. We accrue 100 percent of all expenses associated with LotteryLink prior to issuing accounts payable to a Master Affiliate or receiving associated payments. We estimate our bad debt exposure each period and record a bad debt provision for accounts receivable we believe may not be collected in full. The Company did not record any allowance for uncollectible receivables as of June 30, 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 4% 20%
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 years Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Schedule of Depreciation of Property and Equipment Computers and equipment 3 Furniture and fixtures 5 Software 3
Notes Receivable	Notes Receivable Notes receivable consist of contracts where the Company has loaned 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.
Software License	Software License Software license represents the Company’s license agreements for third party software, which are amortized over their estimated economic lives.
Customer relationships	Customer relationships Customer relationships are finite-lived intangible assets, which are amortized over their estimated economic lives. Customer relationships are generally recognized as the result of business combinations.
Gaming Licenses	Gaming Licenses The Company incurs fees in connection with applying for and maintaining good standing in jurisdictions via business licenses. Fees incurred in connection with the application and subsequent renewals are capitalized and amortized using the straight-line method over an estimated useful life. These fees are capitalized and amortized over the shorter of their expected benefit under the partnership agreement or estimated useful life.
Trademarks and Tradenames	Trademarks and Tradenames The Company incurs fees in connection with applying for and maintaining trademarks and tradenames as well as trademarks and tradenames resulting from acquisitions. Fees incurred in connection with the application and subsequent renewals are capitalized and amortized using the straight-line method over an estimated useful life.
Domain Name	Domain Name Domain name represents the cost incurred to purchase website domain names which are being amortized on a straight-line method over estimated useful lives.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets, except for goodwill, consist of property and equipment and finite-lived acquired intangible assets, such as internal-use software, software licenses, customer relationships, gaming licenses, trademarks, tradenames and customer relationships. Long-lived assets, except for goodwill and indefinite-lived assets, are tested for recoverability whenever events or changes in business circumstances indicate that the carrying amount of the asset may not be fully recoverable. Impairment expense is recognized to the extent an asset’s expected undiscounted future cash flows are less than the asset’s carrying amount. The Company determined that there was no significant impairment of long-lived assets during the six months ended June 30, 2022 or the year ended December 31, 2021.
Goodwil	Goodwil The Company’s business is classified into one reporting unit. In testing goodwill for impairment, the Company has the option to begin with a qualitative assessment, commonly referred to as “Step 0,” to determine whether it is more likely than not that the fair value of a reporting unit containing goodwill is less than its carrying value. This qualitative assessment may include, but is not limited to, reviewing factors such as macroeconomic conditions, industry and market considerations, cost factors, entity-specific financial performance and other events, such as changes in the Company’s management, strategy and primary user base. If the Company determines that it is more likely than not that the fair value of a reporting unit is less than its carrying value, the Company performs a quantitative goodwill impairment analysis by comparing the carrying amount to the fair value of the reporting unit. If the carrying amount exceeds the fair value, goodwill will be written down to the fair value and recorded as impairment expense in the consolidated statements of operations. The Company performs its impairment testing annually and when circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value.
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, revenue is recognized at a point in time. The Company receives consideration for lottery game sales at the time of delivery to the customer, either 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, representing 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. 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”
Net Loss per Share	Net Loss per Share Basic net loss per share is calculated by dividing the net loss for the period by the weighted-average number of common shares outstanding during the period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. As of June 30, 2022, the Company excluded 345,661 3,832,431 488,296 5,000,000 1,750,000
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that may have an impact on our accounting and reporting. We believe that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on our accounting or reporting or that such impact will not be material to our financial position, results of operations and cash flows when implemented.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Schedule of Total Net Accounts Receivable	Schedule of Total Net Accounts Receivable Revenue For the six June 30, Customer 2022 2021 Customer A 24 % - % Customer B 8 % 19 % Customer C - % 46 % Customer D - % 20 %
Schedule of Depreciation of Property and Equipment	Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Schedule of Depreciation of Property and Equipment Computers and equipment 3 Furniture and fixtures 5 Software 3

Business Combination (Tables)

Business Combination (Tables)	6 Months Ended
	Jun. 30, 2022
Business Acquisition [Line Items]
Schedule of Tangible and Intangible Assets Acquisition	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	Gross carrying values and accumulated amortization of intangible assets: Schedule of Finite Lived Intangible Assets Amortization Expenses June 30, 2022 December 31, 2021 Useful Life Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Amortizing intangible assets Customer relationships 6 $ 1,350,000 $ (590,554 ) $ 759,446 $ 1,350,000 $ (556,387 ) $ 793,613 Trade name 6 2,550,000 (428,890 ) 2,121,110 2,550,000 (217,223 ) 2,332,777 Technology 6 3,050,000 (1,064,444 ) 1,985,556 3,050,000 (929,444 ) 2,120,556 Software agreements 6 14,450,000 (4,755,276 ) 9,694,724 14,450,000 (3,145,277 ) 11,304,723 Gaming license 6 4,020,000 (670,000 ) 3,350,000 4,020,000 (335,000 ) 3,685,000 Internally developed software 2 10 3,316,923 (94,451 ) 3,222,472 2,192,050 (23,323 ) 832,709 Domain name 15 6,935,000 (860,583 ) 6,074,417 6,935,000 (629,416 ) 6,305,584 $ 35,671,923 $ (8,464,198 ) $ 27,207,725 $ 34,547,050 $ (5,836,070 ) $ 28,710,980
Schedule of Business Combination Pro Forma Information	Schedule of Business Combination Pro Forma Information For the six months ended June 30, 2021 Global Lottery.com Gaming Pro forma Total revenues $ 15,340,036 1,038,737 $ 16,378,773 Net loss (6,874,157 ) (7,171 ) (6,881,328 ) Net loss attributable to shareholders $ (6,874,157 ) (7,171 ) $ (6,881,328 ) Net loss per common share Basic and diluted $ (0.29 ) $ (0.29 ) Weighted average common shares outstanding Basic and diluted 23,492,214 23,492,214
Global Gaming Acquisition [Member]
Business Acquisition [Line Items]
Schedule of Intangible Assets Acquired	The following are details of the purchase price allocated to the intangible assets acquired. 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

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net as of June 30, 2022 and December 31, 2021, consisted of the following: Schedule of Property and Equipment, Net June 30, December 31, 2022 2021 Computers and equipment $ 110,498 $ 113,151 Furniture and fixtures 64,075 23,760 Software 1,903,121 1,903,121 Property and equipment 2,077,694 2,040,032 Accumulated depreciation (1,960,421 ) (1,898,753 ) Property and equipment, net $ 117,273 $ 141,279

Intangible assets, net (Tables)

Intangible assets, net (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite Lived Intangible Assets Amortization Expenses	Gross carrying values and accumulated amortization of intangible assets: Schedule of Finite Lived Intangible Assets Amortization Expenses June 30, 2022 December 31, 2021 Useful Life Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Amortizing intangible assets Customer relationships 6 $ 1,350,000 $ (590,554 ) $ 759,446 $ 1,350,000 $ (556,387 ) $ 793,613 Trade name 6 2,550,000 (428,890 ) 2,121,110 2,550,000 (217,223 ) 2,332,777 Technology 6 3,050,000 (1,064,444 ) 1,985,556 3,050,000 (929,444 ) 2,120,556 Software agreements 6 14,450,000 (4,755,276 ) 9,694,724 14,450,000 (3,145,277 ) 11,304,723 Gaming license 6 4,020,000 (670,000 ) 3,350,000 4,020,000 (335,000 ) 3,685,000 Internally developed software 2 10 3,316,923 (94,451 ) 3,222,472 2,192,050 (23,323 ) 832,709 Domain name 15 6,935,000 (860,583 ) 6,074,417 6,935,000 (629,416 ) 6,305,584 $ 35,671,923 $ (8,464,198 ) $ 27,207,725 $ 34,547,050 $ (5,836,070 ) $ 28,710,980
Schedule of Estimated Amortization Expense	Estimated amortization expense for years of useful life remaining is as follows: Schedule of Estimated Amortization Expense Years ending December 31, Amount Remainder of 2022 $ 1,375,523 2023 5,169,975 2024 5,169,975 2025 5,169,975 2026 5,169,975 Thereafter $ 2,514,841

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Short-Term Debt [Line Items]
Schedule of Common Stock	Schedule of Common Stock Issuance of Common Stock for legal settlement 60,000 Exercise of options (Note 10) 60,116 Restricted stock award 164,473 Total 284,589
Schedule of Common Stock Warrant	Schedule of Common Stock Warrant 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 June 30, 2022 488,296 $ 1.52 3.6 $ 1,200,387 Exercisable at June 30, 2022 488,296 $ 1.52 3.6 $ 1,200,387
Schedule of Fair Value of Issuance Debts	Schedule of Fair Value of Issuance Debts 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
Warrant Outstanding [Member]
Short-Term Debt [Line Items]
Schedule of Common Stock Warrant	Schedule of Common Stock Warrant Outstanding Weighted Weighted Average Average Remaining Number of Exercise Contractual Aggregate Shares Price Life (years) Intrinsic Value Outstanding at December 31, 2021 395,675 $ 0.11 4.0 $ 2,478,501 Granted 92,621 7.56 3.0 Exercised - Forfeited/cancelled - Outstanding at June 30, 2022 488,296 1.52 3.6 $ 1,200,387 Exercisable at June 30, 2022 488,296 $ 1.52 3.6 $ 1,200,387

Stock-based Compensation Expe_2

Stock-based Compensation Expense (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	Schedule of Stock Option 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 June 30, 2022 209,114 345,661 $ 0.41 4.2 $ 944,544 Exercisable at June 30, 2022 209,114 345,661 $ 0.41 4.2 $ 944,544
Schedule of Restricted Stock Awards Activity	The Company had restricted stock activity summarized as follows: Schedule of Restricted Stock Awards Activity Weighted Average Number of Grant Shares Fair Value To Outstanding at December 31, 2021 3,832,431 $ 14.75 Granted - - Vested - - Forfeited/canceled - - Restricted shares unvested at June 30, 2022 3,832,431 $ 14.75

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rent Payments Due Under Non Cancellable Leases	Schedule of Future Minimum Rent Payments Due Under Non Cancellable Leases Years ending December 31, Amount 2022 (six months) 144,457 2023 153,222 2024 48,404 Total $ 346,083

Liquidity and Going Concern (De

Liquidity and Going Concern (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ 198,295,525		$ 198,295,525		$ 148,188,138
[custom:WorkingCapital-0]	9,300,000		9,300,000
Loss from operations	15,600,000	$ (1,100,000)	46,300,000	$ 1,600,000
Loss from operations	$ (15,600,000)	$ 1,100,000	$ (46,300,000)	$ (1,600,000)

Schedule of Total Net Accounts

Schedule of Total Net Accounts Receivable (Details) - Customer Concentration Risk [Member] - Revenue Benchmark [Member]	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Customer A [Member]
Product Information [Line Items]
Revenue	24%
Customer B [Member]
Product Information [Line Items]
Revenue	8%	19%
Customer C [Member]
Product Information [Line Items]
Revenue		46%
Customer D [Member]
Product Information [Line Items]
Revenue		20%

Schedule of Depreciation of Pro

Schedule of Depreciation of Property and Equipment (Details)	6 Months Ended
	Jun. 30, 2022
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Software Development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years

Significant Accounting Polici_4

Significant Accounting Policies (Details Narrative) - USD ($)		6 Months Ended
	Aug. 02, 2018	Jun. 30, 2022	Dec. 31, 2021	Jun. 01, 2018
Property, Plant and Equipment [Line Items]
Concentration risk percentage		10%
Marketable securities		$ 0	$ 0
Earn out shares		5,000,000
Stock options		345,661
Unit Purchase Option [Member]
Property, Plant and Equipment [Line Items]
Unit purchase options		1,750,000		1,750,000
Warrant Outstanding [Member]
Property, Plant and Equipment [Line Items]
Warrants		488,296	395,675
Restricted Stock [Member]
Property, Plant and Equipment [Line Items]
Restricted stock		3,832,431	3,832,431
Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives		3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives		5 years
Auto Lotto [Member]
Property, Plant and Equipment [Line Items]
Outstanding shares percentage	4%
Ownership percentage	20%
Class A-1 Common Stock [Member] | Auto Lotto [Member]
Property, Plant and Equipment [Line Items]
Earn out shares	186,666

Schedule of Tangible and Intang

Schedule of Tangible and Intangible Assets Acquisition (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Business Combination and Asset 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	$ 19,590,758	$ 19,590,758	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 A

Schedule of Intangible Assets Acquired (Details)	Jun. 30, 2022 USD ($)
Acquired Indefinite-Lived Intangible Assets [Line Items]
Intangible assets	$ 8,590,000
Customer Relationships [Member]
Acquired Indefinite-Lived Intangible Assets [Line Items]
Intangible assets	410,000
Gaming Approvals [Member]
Acquired Indefinite-Lived Intangible Assets [Line Items]
Intangible assets	4,020,000
Trademarks and Trade Names [Member]
Acquired Indefinite-Lived Intangible Assets [Line Items]
Intangible assets	2,540,000
Technology [Member]
Acquired Indefinite-Lived Intangible Assets [Line Items]
Intangible assets	$ 1,620,000

Schedule of Business Combinatio

Schedule of Business Combination Pro Forma Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Total revenues, proforma				$ 16,378,773
Net income (loss)	$ (15,458,943)	$ (1,418,571)	$ (50,357,464)	(6,874,605)
Net income (loss), proforma				(6,881,328)
Net income (loss) attributable to shareholders	$ (15,356,422)	$ (1,418,571)	$ (50,107,386)	(6,874,605)
Net income (loss) attributable to shareholders, proforma				$ (6,881,328)
Net income (loss) per common share :Basic and diluted, proforma				$ (0.29)
Weighted average common shares outstanding: Basic and diluted, proforma				$ 23,492,214
Global Gaming Acquisition [Member]
Business Acquisition [Line Items]
Total revenues				$ 1,038,737
Net income (loss)				(7,171)
Net income (loss) attributable to shareholders				(7,171)
Parent Company [Member]
Business Acquisition [Line Items]
Total revenues				15,340,036
Net income (loss)				(6,874,157)
Net income (loss) attributable to shareholders				$ (6,874,157)
Net income (loss) per common share :Basic and diluted				$ (0.29)
Weighted average common shares outstanding: Basic and diluted				23,492,214

Business Combination (Details N

Business Combination (Details Narrative) - USD ($)		6 Months Ended		12 Months Ended
	Oct. 29, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2022
Business Acquisition [Line Items]
Gross proceeds		$ 42,794,000
Business acquisition, transaction costs		9,460,000
Repayments of debt			$ 4,856,250
Repayment of notes payable		5,475,000
Accrued underwriter fees		$ 5,593,000
Cash			$ 517,460
Number of shares issued for acquisition		5,000,000
Gross acquirees		$ 13,215,843
Deferred tax liabilities		$ 1,600,000
Global Gaming Acquisition [Member]
Business Acquisition [Line Items]
Ownership interest percent		20%
Global Gaming [Member]
Business Acquisition [Line Items]
Ownership interest percent		80%
Global Gaming Enterprises, Inc. [Member]
Business Acquisition [Line Items]
Acquisition percentage			100%
Medios Electronicos [Member]
Business Acquisition [Line Items]
Acquisition percentage			80%
Global Gaming [Member]
Business Acquisition [Line Items]
Principal amount		$ 10,055,214
Business Combination Agreement [Member]
Business Acquisition [Line Items]
Number of eligible earnout shares		3,000,000
Common Stock [Member]
Business Acquisition [Line Items]
Number of eligible earnout shares		1,750,000
Number of shares issued for acquisition			1,398,224
Auto Lotto [Member]
Business Acquisition [Line Items]
Conversion of stock, shares converted	3.0058	9,764,511
Repayments of debt		$ 11,068,000
Preferred stock, dividend rate		$ 22.0848
Principal amount		$ 10,989,691
Cash		$ 10,530,000
Number of shares issued for acquisition		687,439
Auto Lotto [Member] | Global Gaming [Member]
Business Acquisition [Line Items]
Shares price		$ 0.67
Auto Lotto [Member] | Common Stock [Member] | Business Combination Agreement [Member]
Business Acquisition [Line Items]
Number of eligible earnout shares		6,000,000
Auto Lotto [Member] | Series B Convertible Notes [Member]
Business Acquisition [Line Items]
Conversion of stock, shares converted		3,248,526
Convertible Notes nayable		$ 63,800,000
TDAC Founders [Member] | Business Combination Agreement [Member]
Business Acquisition [Line Items]
Number of eligible earnout shares				2,000,000
TDAC Founders [Member] | Common Stock [Member] | Business Combination Agreement [Member]
Business Acquisition [Line Items]
Number of eligible earnout shares		4,000,000

Schedule of Property and Equipm

Schedule of Property and Equipment, Net (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment	$ 2,077,694	$ 2,040,032
Accumulated depreciation	(1,960,421)	(1,898,753)
Property and equipment, net	117,273	141,279
Computer 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	64,075	23,760
Software Development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 1,903,121	$ 1,903,121

Property and Equipment, net (De

Property and Equipment, net (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 36,277	$ 68,522	$ 61,668	$ 221,975

Schedule of Finite Lived Intang

Schedule of Finite Lived Intangible Assets Amortization Expenses (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 35,671,923	$ 34,547,050
Accumulated amortization	(8,464,198)	(5,836,070)
Net	$ 27,207,725	28,710,980
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life	6 years
Gross carrying amount	$ 1,350,000	1,350,000
Accumulated amortization	(590,554)	(556,387)
Net	$ 759,446	793,613
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life	6 years
Gross carrying amount	$ 2,550,000	2,550,000
Accumulated amortization	(428,890)	(217,223)
Net	$ 2,121,110	2,332,777
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life	6 years
Gross carrying amount	$ 3,050,000	3,050,000
Accumulated amortization	(1,064,444)	(929,444)
Net	$ 1,985,556	2,120,556
Software Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life	6 years
Gross carrying amount	$ 14,450,000	14,450,000
Accumulated amortization	(4,755,276)	(3,145,277)
Net	$ 9,694,724	11,304,723
Gaming License [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life	6 years
Gross carrying amount	$ 4,020,000	4,020,000
Accumulated amortization	(670,000)	(335,000)
Net	3,350,000	3,685,000
Internally Developed [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	3,316,923	2,192,050
Accumulated amortization	(94,451)	(23,323)
Net	$ 3,222,472	832,709
Internally Developed [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life	2 years
Internally Developed [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life	10 years
Domain Name [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life	15 years
Gross carrying amount	$ 6,935,000	6,935,000
Accumulated amortization	(860,583)	(629,416)
Net	$ 6,074,417	$ 6,305,584

Schedule of Estimated Amortizat

Schedule of Estimated Amortization Expense (Details)	Jun. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 1,375,523
2023	5,169,975
2024	5,169,975
2025	5,169,975
2026	5,169,975
Thereafter	$ 2,514,841

Intangible assets, net (Details

Intangible assets, net (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Amortization of Intangible Assets	$ 1,209,465	$ 1,278,500	$ 2,664,928	$ 2,199,083
Finite-Lived Intangible Assets, Gross	35,671,923		35,671,923		$ 34,547,050
Software and Software Development Costs [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Assets, Gross	$ 2,342,163		$ 2,342,163		$ 2,080,999

Notes Receivable (Details Narra

Notes Receivable (Details Narrative) - USD ($)	Jun. 30, 2022	Mar. 22, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Interest rate			6%
Secured Promissory Note Agreement [Member]
Short-Term Debt [Line Items]
Principal amount	$ 2,000,000	$ 2,000,000
Interest rate		3.10%
Accrued interest	$ 17,109

Notes Payable and Convertible_2

Notes Payable and Convertible Debt (Details Narrative) - USD ($)		6 Months Ended		12 Months Ended	26 Months Ended
	Oct. 29, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Oct. 01, 2021	Aug. 31, 2020	Jun. 29, 2020	Aug. 28, 2018	Oct. 31, 2017
Short-Term Debt [Line Items]
Interest rate				6%
Balance on notes payable		$ 2,357,744		$ 2,628,234
Convertible notes			$ 108,332
Balance of loan amount				150,000
Series A Notes [Member]
Short-Term Debt [Line Items]
Principal amount										$ 821,500
Interest rate										10%
Maturity date		Dec. 31, 2022
Balance on notes payable		$ 771,500
Accrued interest		138,822
Series B Notes [Member]
Short-Term Debt [Line Items]
Principal amount				$ 38,893,733	$ 8,802,828
Interest rate				8%
Maturity date					Dec. 21, 2021
Balance on notes payable		185,095
Accrued interest		$ 35,184
Interest rate					8%
Additional principal amount				$ 3,552,114
Loss on extinguishment				71,812
Convertible notes	$ 185,095
Convertible notes shares	9,764,511
Series B Notes [Member] | Convertible Promissory Note [Member]
Short-Term Debt [Line Items]
Convertible debt instrument amount				10,000,000
Series B Convertible Notes [Member]
Short-Term Debt [Line Items]
Convertible promissory note balance				0
Short Term Loans [Member]
Short-Term Debt [Line Items]
Principal amount							$ 37,199	$ 150,000
Interest rate		3.75%
Accrued interest		$ 6,276
Balance of loan amount		$ 13,000		$ 13,000
Notes Payable [Member]
Short-Term Debt [Line Items]
Principal amount									$ 12,674,635
Interest rate									0%
Maturity date				Jun. 30, 2022
Interest rate						4.10%

Schedule of Common Stock (Detai

Schedule of Common Stock (Details)	6 Months Ended
	Jun. 30, 2022 USD ($) shares
Equity
Issuance of Common Stock for legal settlement	60,000
Exercise of options (Note 10)	60,116
Restricted stock award | $	$ 164,473
Total	284,589

Schedule of Common Stock Warran

Schedule of Common Stock Warrant Outstanding (Details) - Warrant Outstanding [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2022
Short-Term Debt [Line Items]
Number of Shares Outstanding, Beginning balance	395,675	395,675
Weighted Average Exercise Price Outstanding, Beginning balance	$ 0.11	$ 0.11
Weighted Average Remaining Contractual Life (years) Outstanding		4 years
Aggregate Intrinsic Value Outstanding, Beginning balance	$ 2,478,501	$ 2,478,501
Number of Shares Granted	92,621
Weighted Average Exercise Price Granted	$ 7.56
Weighted Average Remaining Contractual Life (years) Outstanding	3 years
Number of Shares Exercised
Number of Shares Forfeited/cancelled
Number of Shares Outstanding, Ending balance	488,296
Weighted Average Exercise Price Outstanding, Ending balance	$ 1.52
Weighted Average Remaining Contractual Life (years) Outstanding	3 years 7 months 6 days
Aggregate Intrinsic Value Outstanding, Ending balance	$ 1,200,387
Number of Shares Exercisable, Ending balance	488,296
Weighted Average Exercise Price Outstanding, Ending balance	$ 1.52
Weighted Average Remaining Contractual Life (years) Exercisable	3 years 7 months 6 days
Aggregate intrinsic value, Exercisable Ending balance	$ 1,200,387

Schedule of Fair Value of Issua

Schedule of Fair Value of Issuance Debts (Details)	6 Months Ended
	Jun. 30, 2022 $ / shares
Equity
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 Warr_2

Schedule of Common Stock Warrant (Details) - Common Stock Warrants [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of Shares Outstanding, Beginning balance	395,675	573,359
Weighted Average Exercise Price Outstanding, Beginning balance	$ 0.11	$ 0.28
Weighted Average Remaining Contractual Life (years) Outstanding	4 years	4 years 9 months 18 days
Aggregate Intrinsic Value Outstanding, Beginning balance	$ 2,478,501	$ 272,638
Number of Shares Granted	92,621
Weighted Average Exercise Price Granted	$ 7.56
Number of Shares Exercised		(177,684)
Weighted Average Exercise Price Granted		$ 0.66
Number of Shares Forfeited/cancelled
Weighted Average Exercise Price Granted
Weighted Average Remaining Contractual Life (years) Outstanding	3 years
Number of Shares Exercised		177,684
Number of Shares Outstanding, Ending balance	488,296	395,675
Weighted Average Exercise Price Outstanding, Ending balance	$ 1.52	$ 0.11
Weighted Average Remaining Contractual Life (years) Outstanding	3 years 7 months 6 days
Aggregate Intrinsic Value Outstanding, Ending balance	$ 1,200,387	$ 2,478,501
Number of Shares Exercisable, Ending balance	488,296
Weighted Average Exercise Price Outstanding, Ending balance	$ 1.52
Weighted Average Remaining Contractual Life (years) Exercisable	3 years 7 months 6 days
Aggregate intrinsic value, Exercisable Ending balance	$ 1,200,387

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)		6 Months Ended		12 Months Ended
	Jun. 01, 2018	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 07, 2022	Feb. 15, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
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		50,540,906		50,256,317
Common stock exercise price					$ 0.21	$ 7.56
Share price		$ 16			$ 0.28
Number of trading days		20 days
Purchase aggregate shares				488,296
Aggregate exercise price			$ 895
Warrants valued						$ 194,695
Average useful life		3 years 7 months 6 days
Incurred expenses		$ 194,695	$ 0
Additional paid in capital		8,480,697
Corresponding debt discount		$ 2,795,000
Conversion of convertible debt, shares		5,000,000
Trident Acquisitions Corp [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Conversion of convertible debt, shares				5,000,000
Unit Purchase Option [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Proceeds from sale of option	$ 100
Public Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock exercise price		$ 0.01
Minimum days prior written notice of redemption		30 days
Maximum trading days		30 days
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Aggregate shares		1,750,000		20,125,002
Number of share units		1,750,000
Conversion of convertible debt, shares			1,398,224
Public Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Aggregate shares				20,125,000
Unit Purchase Option [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share unit exercisable	1,750,000	1,750,000
Price per unit	$ 12
Aggregate exercise price	$ 21,000,000
Purchase options payment exercised expire date		May 29, 2023
Cash payment		$ 100
Shares vested		1,750,000
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Aggregate shares						92,621

Schedule of Stock Option Activi

Schedule of Stock Option Activity (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Offsetting Assets [Line Items]
Shares available for grant, exercised	60,116
Outstanding stock awards ending balance	345,661
Equity Option [Member]
Offsetting Assets [Line Items]
Shares available for grant beginning balance	269,230	37,405
Outstanding stock awards beginning balance	345,661	1,315,218
Weighted average exercise price beginning balance	$ 0.97	$ 0.30
Weighted average remaining contractual life years	4 years 4 months 24 days	5 years 6 months
Aggregate intrinsic value, beginning balance	$ 2,061,303	$ 362,841
Shares available for grant, granted
Outstanding stock awards, granted
Weighted average exercise price granted
Shares available for grant, exercised
Outstanding stock awards, exercised	(60,116)	(737,732)
Weighted average exercise price exercised	$ (0.67)	$ (0.28)
Shares available for grant forfeited cancelled	60,116	231,825
Outstanding stock awards, forfeited cancelled	60,116	(231,825)
Weighted average exercise price forfeited cancelled	$ (0.67)	$ (0.65)
Shares available for grant forfeited cancelled	(60,116)	(231,825)
Weighted average exercise price forfeited cancelled	$ 0.67	$ 0.65
Shares available for grant ending balance	209,114	269,230
Outstanding stock awards ending balance	345,661	345,661
Weighted average exercise price ending balance	$ 0.41	$ 0.97
Weighted average remaining contractual life years	4 years 2 months 12 days
Aggregate intrinsic value, ending balance	$ 944,544	$ 2,061,303
Shares available for grant exercisable	209,114
Outstanding stock awards exercisable	345,661
Weighted average exercise price exercisable	$ 0.41
Weighted average remaining contractual life years, exercisable	4 years 2 months 12 days
Aggregate intrinsic value, exercisable	$ 944,544

Schedule of Restricted Stock Aw

Schedule of Restricted Stock Awards Activity (Details) - Restricted Stock [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares available for nonvested, beginning balance	3,832,431
Weighted average grant fair value, beginning balance	$ 14.75
Shares available for nonvested, granted		3,832,431
Weighted average grant fair value, beginning balance
Shares available for nonvested, vested
Weighted average grant fair value,vested
Shares available for nonvested, forfeited
Weighted average grant fair value, forfeited
Shares available for nonvested, ending balance	3,832,431	3,832,431
Weighted average grant fair value, ending balance	$ 14.75	$ 14.75

Stock-based Compensation Expe_3

Stock-based Compensation Expense (Details Narrative) - USD ($)		6 Months Ended		12 Months Ended
	Apr. 29, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Employee benefits and share-based compensation		$ 0	$ 4,320
Share based compensation nonvested award		0		$ 0
Vested shares	130,546
Shares issued price per share	$ 2.38
Stock compensation expense		$ 27,590,908	$ 2,160
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting term		3 years 3 months 18 days
Number of shares grant				3,832,431
Stock compensation expense		$ 27,590,908
Unrecognized stock based compensation		$ 4,777,993
2015 Stock Option Plan [Member] | Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrant or right, reason for issuance, 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%
Vesting term		1 year
2021 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Purchase price of common stock, percent		5%
2021 Equity Incentive Plan [Member] | Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, capital shares reserved for future issuance		13,130,368

Schedule of Future Minimum Rent

Schedule of Future Minimum Rent Payments Due Under Non Cancellable Leases (Details)	Jun. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022 (six months)	$ 144,457
2023	153,222
2024	48,404
Total	$ 346,083

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) - USD ($)

6 Months Ended

12 Months Ended

65 Months Ended

Feb. 28, 2023

Feb. 13, 2023

Jan. 20, 2023

Oct. 27, 2022

Sep. 26, 2022

Jul. 29, 2022

Apr. 06, 2022

Jun. 30, 2022

Jun. 30, 2021

Dec. 31, 2020

Dec. 31, 2018

Mar. 31, 2022

Dec. 31, 2022

Dec. 31, 2021

Participation interests

$ 285,000,000

Percentage of raffle revenue net

7%

Obligation to pay digital securities amount

$ 5,632

Lease expires

Dec. 31, 2024

Jan. 21, 2024

Rent payment

$ 40,221

$ 219,216

$ 26,950

$ 204,725

Restricted cash

$ 30,000,000

$ 30,000,000

Line of credit

$ 30,000,000

Related party costs

$ 16,500,000

$ 16,500,000

$ 4,700

Fees

$ 397,036.94

Forecast [Member]

Partial payment

$ 75,000

$ 50,000

$ 75,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)			6 Months Ended	12 Months Ended
	Sep. 26, 2022	Jul. 29, 2022	Jun. 30, 2022	Dec. 31, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Related party costs	$ 16,500,000	$ 16,500,000		$ 4,700
Due from related parties, current			$ 13,000
Reimbursement expenses			133,340
Service Agreement [Member[ | Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Capital Expenditure, Discontinued Operations			100,000
Reimbursement expenses			$ 5,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)												6 Months Ended
	Mar. 13, 2023 USD ($)	Feb. 28, 2023 USD ($)	Feb. 13, 2023 USD ($)	Jan. 20, 2023 USD ($)	Dec. 07, 2022 USD ($) $ / shares shares	Dec. 07, 2022 USD ($) $ / shares shares	Dec. 06, 2022 USD ($)	Oct. 27, 2022 USD ($)	Jul. 29, 2022	Jul. 22, 2022 USD ($)	Jul. 01, 2022 USD ($)	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($)	Mar. 31, 2023 USD ($)	Feb. 15, 2022 $ / shares	Dec. 31, 2021 USD ($) shares
Notes payable												$ 2,357,744				$ 2,628,234
Bonus												$ 0	$ 4,320
Accrued interest																6%
Share Price | $ / shares					$ 0.28	$ 0.28						$ 16
Exercise price of warrants | $ / shares					$ 0.21	$ 0.21									$ 7.56
Legal fees								$ 397,036.94
Common Stock [Member]
Exercise price | shares												1,750,000				20,125,002
Wood ford Eurasia Assets Ltd [Member]
Grant of warrants						15%
Wood ford Eurasia Assets Ltd [Member] | Common Stock [Member]
Exercise price | shares					7,619,207	7,619,207
Exercise price of warrants | $ / shares					$ 0.28	$ 0.28
Subsequent Event [Member]
Other commitments description									In the Streicher Complaint, the Company alleged that Streicher breached the contract entered into by the parties on March 9, 2022 and demanded that Streicher return $16,500,000.00 it owed to the Company. On September 26, 2022, the Chancery Court entered an order in favor of the Company, Granting with Modifications Company’s Motion for Partial Summary Judgment in the amount of $16,500,000.00 (the “Streicher Judgment”). On October 27, 2022, the Chancery Court further awarded the Company $397,036.94 in attorney’s fees (the “Fee Order”). On November 15, 2022, the Company initiated efforts against Streicher to seek collections on the Judgment. On December 8, 2022, the Company’s prior attorney Skadden, Arps, Slate, Meagher & Flom, LLP (“Skadden”) filed its Combined Motion to Withdraw as Counsel and For a Charging Lien in amount of $3,024,201.17 for legal fees unpaid by Company (“Skadden’s Motion”).
Legal fees	$ 4,600,000
Forecast [Member]
Employee related outstanding payroll obligations														$ 1,400,000
Judgement fees		$ 75,000	$ 50,000	$ 75,000
Consulting Agreement [Member] | Mr.Dhaliwal [Member]
Notes payable											$ 209,550
Bonus											$ 50,000
Consulting Agreement [Member] | Mr.Di Matteo [Member]
Notes payable										$ 1,000
Loan Agreement [Member] | Wood ford Eurasia Assets Ltd [Member]
Equity Method Investment, Ownership Percentage					4.99%	4.99%
Loan Agreement [Member] | Wood ford Eurasia Assets Ltd [Member]
Face amount					$ 2,500,000	$ 2,500,000
Face amount							$ 1,250,000
Outstanding funding amount					$ 1,250,000
Increase of debt						52,500,000
Debt additional amount						$ 50,000,000
Accrued interest					12%	12%
Debt default percentage					22%	22%
Debt Instrument, Convertible, Conversion Ratio						0.80
[custom:PercentageOfIssuanceOfCommonStock]						19.99%
Exercise price						25%
Loan Agreement [Member] | Woodford [Member]
Repayment of related party debt						$ 1,000,000
Repayment of related party debt						1,000,000
Repayment of related party debt						$ 1,000,000