Mr. Jake Kalpakian reports

JACKPOT DIGITAL SIGNS THREE-TABLE DEAL WITH JACKSON RANCHERIA CASINO RESORT IN CALIFORNIA

On July 31, 2023, Jackpot Digital Inc. signed a licensing agreement to install three of the company's Jackpot Blitz dealerless poker ETGs (electronic table games) at Jackson Rancheria Casino Resort, located in Jackson, Calif., United States, further expanding the company's growing Jackpot Blitz footprint. The installation is subject to Jackpot obtaining the customary regulatory and licensing approvals.

"Jackson Rancheria is thrilled to partner with Jackpot Digital as we introduce Jackpot Blitz dealerless poker electronic table games to our casino floor," said Crystal Jack, chief executive officer of Jackson Rancheria. "At Jackson Rancheria, we pride ourselves on offering a wide variety of state-of-the-art gaming experiences for our valued patrons. This exciting opportunity further expands our award-winning resort amenities, and we look forward to establishing a successful partnership with Jackpot Digital for years to come."

Year to date, the company has announced new agreements or letters of intent (LOIs) for 20 Jackpot Blitz table installations and has received LOIs for an additional 16 tables from yet-to-be-announced partners, for a total of 36 new Jackpot Blitz orders so far this year. These new orders, once installed, represent an approximately 55-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 12 states and territories in the U.S. and growing, including Michigan, Mississippi, Washington, Nevada, California, Kansas, Louisiana, Minnesota, Montana, Oregon, South Dakota and U.S. Virgin Islands, as well as several international jurisdictions.

Jackpot president and CEO Jake Kalpakian states: "We are excited to be working with Jackson Rancheria Casino Resort, a well-known casino resort in central California. 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: "We continue to experience strong demand for Jackpot Blitz. Our customers tell us Jackpot Blitz is more attractive than ever before because of the many problems it solves, including cost control and the ability to fully automate the tournament functionality of a large-scale poker room with minimal staff requirements. We are not aware of any other poker-first machines like Jackpot Blitz in the marketplaces, and so 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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