Interview with Joe Asher, President of Sports Betting at IGT

Key Points

Major Products at G2E 2022

• Peak Bar Top: A bar top machine featuring a mix of gaming content and sports betting
  • Recently won the award for Best New Product at the Global Gaming Awards
  • Combines traditional Game King content with sports betting on a bar top machine
  • Allows users to play video poker, watch the game, and bet simultaneously

Goals of Attending G2E 2022

• Industry's main attraction with a large crowd
• Reconnecting with peers and showcasing products
• Understanding customer needs
• Conducting significant business deals

Growth Plans for the Next Year

• Expansion into New States: Ohio launching on January 1st, 2023
  • Potential for additional states to legalize sports betting in 2023
• New Business in Existing States: Recent deals in Nevada with a goal to go live by end of the year
• New Ventures: Opportunities arising from customers' new initiatives

Predictions for Legislative Changes

• Missouri: Potential for legalization but hard to predict outcomes
• California: High uncertainty despite significant investments
  • Voters' decision will be critical in the next month

Final Thoughts

• Industry outcomes are often unpredictable: states expected to legalize may not, and vice versa
• Future largely dependent on legislative processes and voter decisions

Conclusion

• Joe Asher highlights the excitement and unpredictability in the sports betting industry
• Importance of industry events like G2E for networking and business.