Sports Entertainment Gaming Global Corp

Listed Company

SEGGCIK 0001673481NasdaqEmerging GrowthServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2024

Revenue

$1.07M

Net Income

$-28.20M

Total Assets

$52.94M

Equity

$20.48M

Shares Out

5.14M

Op. Cash Flow

$-1.52M

Business

Lottery.com Inc. operates a digital lottery and sports media business that enables remote purchase and distribution of legally sanctioned lottery games and sports content. It offers a consumer-facing mobile and web platform (B2C), a business-to-business API for commercial partners (B2B), a Data Service delivering lottery results and anonymized transaction datasets, and a sports content business under the Sports.com brand. Key operating subsidiaries include TinBu (data services), Aganar and JuegaLotto (Mexican online lottery operations), and Sports.com. The company distributes services via mobile apps, websites, APIs, media partnerships and digital publisher channels across the U.S., Mexico, Latin America and other international markets including Africa and the Middle East.

Summary from filing dated 2025-04-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31
Revenue	7	16	7	—	—
Cost of revenue	4	8	3	—	—
Gross profit	2	8	5	—	—
Personnel costs	37	21	—	—	—
Professional fees	7	8	1	—	—
General and administrative	9	5	1	—	—
Depreciation and amortization	6	4	2	—	—
Total operating expenses	58	38	8	—	—
Loss from operations	−56	−30	−4	−1	−699,334
Interest expense	764,839	20	—	—	—
Reserve loss of prepaid advertising credits	—	2	—	—	—
Other expense	4	3	—	—	—
Total other expenses, net	4	25	359,605	4	2
Net loss before income tax	−60	−55	−6	3	2
Income tax expense (benefit)	104,356	−2	800	−690,816	−374,645
Net loss	−60	−53	−6	—	—
Foreign currency translation adjustment, net	4,277	−655	—	—	—
Comprehensive loss	−60	−53	—	—	—
Net income attributable to noncontrolling interest	379,916	−136,924	—	—	—
Net loss attributable to Lottery.com Inc.	−60	−53	−6	3	1
Basic and diluted (per share)	−1.19	−2.04	−0.26	—	—
Basic and diluted (shares)	50	26	—	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31
Cash	102,766	33	4	55,461	1
Restricted cash	—	—	7	—	—
Accounts receivable	208,647	79,181	26,195	—	—
Prepaid expenses	19	23	22	102,917	63,843
Other current assets	718,550	226,200	788,033	—	—
Total current assets	20	56	34	158,378	1
Notes receivable	2	—	—	—	—
Investments	250,000	250,000	250,000	—	—
Goodwill	20	20	13	—	—
Intangible assets, net	24	29	3	—	—
Property and equipment, net	108,078	141,279	670,952	—	—
Other long term assets	13	—	—	—	—
Total assets	79	105	51	75	209
Trade payables	8	1	2	—	—
Deferred revenue	464,286	1	8	—	—
Notes payable - current	4	4	12	—	—
Accrued interest	484,172	176,260	721,717	—	—
Accrued and other expenses	5	4	2	—	—
Other liabilities	625,028	—	—	—	—
Total current liabilities	18	11	34	1	958,306
Convertible debt, net - non current	—	—	—	—	—
Other long term liabilities	—	1,169	—	—	—
Total long-term liabilities	—	1,169	—	—	—
Commitments and contingencies (Note 13)	—	—	—	—	—
Total liabilities	18	11	34	6	6
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 December 31, 2022 and December 31, 2021, respectively	50,540	50,256	22,658	7,149	7,071
Additional paid-in capital	268	239	112	—	—
Accumulated other comprehensive loss	3,622	−655	—	—	—
Accumulated deficit	−208	−148	−95	4	1
Total Lottery.com Inc. stockholders equity	59	91	17	5	5
Noncontrolling interest	2	3	—	—	—
Total Equity	62	94	17	—	—
Total liabilities and stockholders equity	79	105	51	75	209

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31
Net income attributable to noncontrolling interest	−379,916	136,924	—	—	—
Depreciation and amortization	6	4	—	—	—
Non-cash interest expense	—	17	—	—	—
Stock-based compensation expense	28	14	16,099	—	—
Forgiveness of PPP Loan	—	−493,125	—	—	—
Loss on impairment of intangibles	412,450	—	—	—	—
Loss on extinguishment of debt	—	115,788	—	—	—
Issuance of common stock for legal settlement	241,740	—	—	—	—
Issuance of debt to pay expenses	—	3	—	—	—
Income tax valuation allowance	—	−2	—	—	—
Other non-cash items, net	—	655	—	—	—
Accounts receivable	−129,465	−18,852	—	—	—
Prepaid expenses	3	−878,504	295,772	−39,074	−63,843
Notes Receivable	−2	—	—	—	—
Other current assets	−492,351	627,182	—	—	—
Trade payables	7	−2	−341,251	—	—
Deferred revenue	−698,049	−7	8	—	—
Accrued interest	307,912	−545,457	394,282	—	—
Accrued and other expenses	210,805	2	174,023	—	—
Other liabilities	625,028	—	—	—	—
Other long term assets	−13	—	—	—	—
Other long term liabilities	−1,169	1,169	—	—	—
Net cash provided by operating activities	−31	−23	5	−2	−603,665
Purchases of property and equipment	−127,265	−27,474	−21,915	—	—
Purchases of intangible assets	−1	−517,894	—	—	—
Investment in subsidiary, net	—	−13	—	—	—
Net cash used in investing activities	−1	−14	−21,915	138	−205
Issuance of digital securities	—	108,332	649,992	—	—
Proceeds from exercise of options and warrants	—	371,726	—	—	—
Proceeds from issuance of convertible debt	—	23	5	—	—
Proceeds from issuance of notes payable	—	5	910,825	—	—
Proceeds from reverse recapitalization	—	43	—	—	—
Payment of debt issuance costs	—	−1	—	—	—
Payments on notes payable - related parties	−15,664	—	—	—	—
Principal payments on debt	—	−12	−890,287	—	—
Net cash provided by financing activities	−15,664	59	6	−137	207
Effect of exchange rate changes on cash	4,277	−655	—	—	—
Net change in net cash and restricted cash	−33	22	—	—	—
Interest paid in cash	483,582	4	—	—	—
Taxes paid in cash	—	5,578	691,617	386,030	—
Conversion of convertible debt into common stock	—	63	—	—	—
Capitalization of interest from loan extinguishment	—	44,614	—	—	—
Purchase of intangible assets through the issuance of convertible debt	—	15	—	—	—
Issuance of convertible debt in exchange for outstanding liabilities	—	2	—	—	—
Issuance of convertible debt in exchange for notes payable	—	5	—	—	—
Common stock issued as part of acquisition	—	459,691	—	—	—
Beneficial conversion feature on notes payable	—	8	—	—	—

Filings

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