Jackpot Digital Preparing to Enter United States Sports Betting Market

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Jackpot Digital Preparing to Enter United States Sports Betting Market



Vancouver, British Columbia (FSCwire) - Jackpot Digital Inc. (the “Company” or “Jackpot”) (TSX-V: JP) (TSX-V: JP.WT) (US OTCQB: JPOTF) (Frankfurt & Berlin Exchanges: LVH1) announces that it will be introducing sports betting software to its Jackpot BlitzTM kiosks.

 

The recent ruling by the U.S. Supreme Court determined that the Professional and Amateur Sports Protection Act of 1992 (PASPA) is unconstitutional.  The Supreme Court ruling enables states to individually introduce legislation to legalize sports betting.  A total of 18 states have introduced legislation to legalize sports betting, with more states expected to follow this year. The American Gaming Association estimates USD 150 billion dollars are wagered annually on sporting events in the United States.

 

Jackpot Digital is preparing to enter the US market with an automated sports betting solution for operators. The Jackpot BlitzTM betting kiosk will automate sportsbook operations by accepting, grading and paying wagers. Customers will be able to control the Jackpot BlitzTM kiosk using the touchscreen and can place wagers on sporting events worldwide from the terminal.

 

Land-based Sportsbook operations run on narrow margins. The Jackpot BlitzTM kiosk will allow operators to offer sports betting to customers at a cost-effective rate. By reducing expenses, the Jackpot BlitzTM kiosk will enable operators to offer customers better odds to increase play.

 

President & CEO Mr. Jake Kalpakian states, “There is a tremendous crossover between poker players and sports wagering.  We feel we are uniquely positioned to offer an amazing customer experience coupled with tremendous opportunities across the United States. We have been manufacturing the hardware for our Jackpot BlitzTM  kiosk since 2017 and are very excited about the potential of our product after the Supreme Court ruling”.

 

About Jackpot Digital Inc.

 

Jackpot Digital Inc. is a leading electronic table games manufacturer and mobile gaming provider 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 backend tools for operators to efficiently control and optimize their gaming business.

 

For more information on the Company, please contact Jake H. Kalpakian, President and CEO, at (604) 681-0204 ext 6105, or visit the Company’s website at www.jackpotdigital.com.

 

On behalf of the Board of

Jackpot Digital Inc.

 

“Jake H. Kalpakian”

_____________________________

Jake H. Kalpakian

President & CEO

 

Trading in the securities of the Company should be considered speculative.

 

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

Certain statements contained herein are “forward-looking”.  Forward-looking statements may include, among others, statements regarding future plans, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing.  In this News Release, words such as “may”, “would”, “could”, “will”, “likely”, “feel”, “seek”, “project”, “predict”, “potential”, “should”, “might”, “objective”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, and similar words are used to identify forward-looking statements.  Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections and estimations, there can be no assurance that these assumptions, projections or estimations are accurate. Readers, shareholders and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions or expectations upon which they are based might not occur.







Source: Jackpot Digital Inc. (formerly Las Vegas From Home.com Entertainment Inc.) (TSX Venture:JP, OTCQB:JPOTF, FWB:LVH1)

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