Lottery.com Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01. Other Events.
Sponsorship of Louis Foster in the IndyCar Indy 500 Race
On May 20, 2025, Sports.com and Lottery.com Inc. (collectively the “Company” or “Lottery.com”) entered into a Letter of Commitment (the “LOC”) with Louis Foster (“Foster”). The LOC will be for one (1) race in the 2025 IndyCar Indy 500 Race and includes: Sports.com crash helmet branding, media rights for promotional use and social media activations four (4) tagged posts). In consideration of the LOC, the Company shall pay seven thousand five hundred U.S. dollars ($7,500) in cash and seven thousand five hundred U.S. dollars ($7,500) in Company restricted common stock valued at three U.S. dollars ($3.00) per share or approximately 2,500 shares.
The above-described LOC will be qualified in its entirety by the documents that will be filed and attached as exhibits to the Company’s Form 10-Q for the second quarter.
Item 8.01. Other Events.
Sponsorship of Callum Ilott in the 2025 IndyCar Indy 500 Race and 2025 NTT IndyCar Season
On May 20, 2025, Sports.com and Lottery.com Inc. (collectively the “Company” or “Lottery.com”) entered into a Sponsorship Letter of Commitment (the “LOC”) with Callum Ilott Foster (“Ilott”). The LOC will be for the 2025 IndyCar Indy 500 Race and for the remainder of the 2025 NTT IndyCar season beginning with the Detroit Grand Prix. The LOC includes: Lottery.com crash helmet branding for practices, qualifying and races; media rights for promotional use and social media activations four (4) tagged posts per race weekend. In consideration of the LOC, the Company shall pay fifteen thousand U.S. dollars ($15,000) in cash and fifteen thousand U.S. dollars ($15,000) in Company restricted common stock valued at three U.S. dollars ($3.00) per share or approximately 5,000 shares.
The above-described LOC will be qualified in its entirety by the forms that will be filed and attached as exhibits to the Company’s Form 10-Q for the second quarter.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 10.1 | Press Release Dated May 22, 2025 | |
| 10.2 | Press Release Dated May 22, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Lottery.com Inc. | ||
| By: | /s/ Matthew McGahan | |
| Name: | Matthew McGahan | |
| Title: | Chief Executive Officer | |
May 23, 2025