AccountKiller
Login to your account and just follow the direct delete URL and you're set. This is one of those sites that only recently added removal functionality, which is a good thing nonetheless.
Direct removal link: http://www.mylot.com/nr/cancel.aspx
Publicly visible text/images often aren't properly deleted even when you succeed in deleting an account. Try editing or deleting them manually before deleting the account itself. If you're unsure what happens to your tracks: this can be found mostly in the Terms of Service/Privacy Policy; otherwise you can always contact MyLot and ask personally. By the way, deletion requests don't necessarily mean your data will actually be deleted (e.g. due to legal obligations).
If you signed up for MyLot using a third-party login such as Facebook or Twitter, you probably want to revoke all access from MyLot. Click the icon below to find out how.