Mr. Jake Kalpakian reports

JACKPOT DIGITAL SIGNS PENN ENTERTAINMENT'S HOLLYWOOD CASINO & RESORT GULF COAST IN MISSISSIPPI

Jackpot Digital Inc. has signed a letter of intent (LOI) to install the company's Jackpot Blitz dealerless poker ETG (electronic table game) at Penn Entertainment's Hollywood Casino & Resort Gulf Coast, located in Bay St. Louis, Miss., adding yet another new jurisdiction to the company's growing Jackpot Blitz footprint. The installation is subject to Jackpot obtaining the customary regulatory and licensing approvals.

Year to date, the company has announced new agreements or LOIs for 15 Jackpot Blitz table installations and has received LOIs for an additional 16 tables from yet-to-be-announced partners, for a total of 31 new Jackpot Blitz orders. These new orders, once installed, will represent approximately 45-per-cent increase in Jackpot Blitz installations. The company is in the process of obtaining licensing for the relevant jurisdictions and is expected to begin installing the next-generation Jackpot Blitz in the second half of 2023. The company's pipeline of new business is expected to grow throughout 2023 as the company obtains licensing for new jurisdictions.

Each new table installed shall represent additional monthly recurring revenue to the company.

In addition to Jackpot's cruise ship customers, which include Carnival Cruises, Virgin Voyages, Princess Cruises, Holland America, AIDA and Costa Cruises, Jackpot has announced land-based installations or orders in 11 states and territories in the United States and growing, including Mississippi, Washington, Nevada, California, Kansas, Louisiana, Minnesota, Montana, Oregon, South Dakota, U.S. Virgin Islands, as well as several international jurisdictions.

Jackpot president and chief executive officer Jake Kalpakian states: "We are excited to be working with Hollywood Casino & Resort Gulf Coast, a well-known casino in the state of Mississippi, and one of the new Penn Entertainment properties to order Jackpot Blitz. Players and casinos alike are excited by our product as it offers more game options and faster, error-free gameplay, all while improving casino operational efficiencies."

Mr. Kalpakian continues: "Casinos all over the world are experiencing labour shortages and inflationary wage pressures, making our product more attractive than ever before. As a company we are uniquely positioned to take advantage of the macro trend toward automation in the casino industry. Through the innovative dealerless Jackpot Blitz technology, casinos are quickly recognizing the benefits of more revenues by dealing more hands per hour while at the same time drastically reducing costs and eliminating operational/employee requirements all at once. Demand for Jackpot Blitz has strengthened since introduction of our next-generation Jackpot Blitz, which allows for cash in/out and easier integration with each casino's back-end system."

About Jackpot Digital Inc.

Jackpot Digital is a leading electronic table games manufacturer for the cruise ship industry and regulated casino industry. The company specializes in multiplayer gaming products, including poker and casino games, which are complemented by a robust suite of back-end tools for operators to efficiently control and optimize their gaming business.

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