RubinBrown Gaming Stats 2017

5,700 locations. The ability to sustain the recent growth seen within the limited stakes gaming segment will remain contingent on continued expansion and legalization. At this point, the prospects for expansion appear most promising in Pennsylvania; however, competing interests makes the prospects of expansion less than a sure bet. iGaming The iGaming industry segment completed its third full year of operations in 2016 and generated an estimated $212.2 million, growing at a rate of 32.1%. The growth in the online gaming segment was primarily attributed to increased player adoption and wagering within the state of New Jersey. Most notably, iGaming has been a complimentary form of gaming to the traditional brick-and-mortar New Jersey casino operators and increased the overall revenue base for the state. While double digit growth is expected to continue for the New Jersey market, the ability to sustain long-term growth will remain contingent on the expansion of iGaming. Similar to limited stakes gaming, Pennsylvania appears to be the jurisdiction most likely to legalize iGaming. The state has the support of an existing operator, Rush Street Gaming (owners of Rivers Casino – Pittsburgh and Sugar House

Casino – Philadelphia), which will go a long way in appeasing the various constituents involved in passing a gaming expansion law. Overall Gaming Industry Collectively, the United States gaming industry is poised for a year of growth. Recent expansion efforts and new casinos opening throughout Indian Country, New York and Massachusetts will yield positive growth for the industry. Looking beyond existing casino projects, the efforts to further legalize gaming are being debated throughout state governments nationwide with the most notable expansion efforts being debated in Georgia, Florida and Pennsylvania. Beyond traditional gaming expansion, the industry is witnessing a surge in innovation and product development. The expansion of e-sports onto casino floors (Downtown Grand in Las Vegas), emergence of regulated fantasy sports wagering (FanDual and Draft Kings), and introduction of skill- based games (Gamblit gaming) all bring new complimentary forms of wagering to casinos. The ability for casinos to keep pace with the speed of innovation will be critical for the continued long-term success of the industry.

Limited Stakes Gaming

Tribal Gaming

$30.67B

$3.52B

.1%

2.6%

7.1%

GAM I NG REVENUES

GAM I NG REVENUES

6 STATES †

15,483 LOCATIONS

28 STATES

474+ CASINOS

Overview | 5

† see statistical note on page 29