SCHEDULE: Balyasny Asset Management Discloses 4% Stake in Lottery.com

Balyasny Asset Management and its affiliates have disclosed a 4% beneficial ownership stake in Lottery.com Inc., holding 164,247 shares.

Summary

• Balyasny Asset Management L.P., along with its affiliated entities BAM GP LLC, Balyasny Asset Management Holdings LP, Dames GP LLC, and Dmitry Balyasny, collectively reported beneficial ownership of 164,247 shares of Lottery.com Inc. Common Stock.
• This ownership represents approximately 4% of Lottery.com Inc.'s class A common stock, based on 3,940,275 shares outstanding as of August 18, 2025.
• The reported shares are derived from 164,247 warrants exercisable into common stock, held directly by Atlas Diversified Master Fund, Ltd. (ADMF), an investment management client of Balyasny Asset Management L.P.
• The Reporting Persons, including Dmitry Balyasny as the Managing Member of Dames GP LLC, which is the General Partner of BAM Holdings, are deemed to have sole voting and dispositive power over these 164,247 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Lottery.com Inc.

Sentiment

Score: 6

Explanation: The disclosure of a 4% stake by a reputable asset manager like Balyasny Asset Management is generally viewed as a moderately positive signal, indicating institutional interest and potential confidence in the company's value, although it is not a controlling stake.

Positives

• Increased institutional ownership by a prominent asset manager like Balyasny Asset Management may signal confidence in Lottery.com Inc.'s future prospects.
• The acquisition of warrants suggests a long-term investment perspective, as warrants are typically exercised at a future date.

Future Outlook

The filing does not contain any forward-looking statements or guidance from Lottery.com Inc. or the reporting persons regarding the issuer's future performance.

Industry Context

This filing indicates an institutional investor's interest in the online lottery and gaming sector, which has seen varying levels of growth and regulatory scrutiny. The investment by Balyasny Asset Management suggests a belief in Lottery.com Inc.'s position within this evolving market.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may positively influence investor sentiment and potentially the stock price, signaling validation from a sophisticated investor.
• Company Management: Awareness of a notable institutional shareholder may influence strategic decisions and communication with the investment community.

Key Dates

Keywords

Lottery.com Inc., Balyasny Asset Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, Warrants, Equity Stake