BETMAKERS TECHNOLOGY GROUP LTD — Regulatory Filings 2021

Jun 21, 2021

==> picture [206 x 65] intentionally omitted <==

==> picture [170 x 86] intentionally omitted <==

22 June, 2021

FIXED ODDS BILL PASSES NEW JERSEY SENATE AND GENERAL ASSEMBLY

Highlights

• NJ Senate today voted 40-0 in favour of Fixed Odds Bill after amendments

• NJ General Assembly today voted 71-0 in favour of amended Fixed Odds Bill

• Fixed Odds Bill has now passed both Senate and Assembly and will be sent to NJ Governor

• • BetMakers has exclusive 10-year Fixed Odds agreement on thoroughbred horse racing in New Jersey

The Board of BetMakers Technology Group Ltd (ASX:BET) ( “BetMakers” or the “Company” ) is delighted to announce that a Bill to “authorise fixed odds wagering on horse races through fixed odds wagering system ” (“Fixed Odds Bill”) was passed unanimously in both the Senate and General Assembly in New Jersey on June 21, 2021 (in the early hours of this morning AEST).

The Senate today voted 40-0 in favour of the “Fixed Odds Bill” after amendments were made to accommodate the horsemen groups and stakeholders. The “Fixed Odds Bill” was then declared passed after a unanimous 71-0 vote in favour by the General Assembly.

As a part of the formal legislative process, the Bill will now go to the Governor of New Jersey for approval to become law.

As previously announced to the market, BetMakers has secured an exclusive 10-year agreement with New Jersey Thoroughbred Horsemen Association and Darby Development LLC., the operator of Monmouth Park racetrack, to deliver and manage Fixed Odds thoroughbred horse racing into New Jersey. Please see the Company’s announcements dated 5 February 2020, 3 July 2020 and 21 May 2021 for further information regarding this agreement.

BetMakers Chief Executive Officer Todd Buckingham said:

“We are pleased that the Bill, after minor amendments, has now passed full votes on the floor of the Senate and General Assembly in New Jersey. The legislative process has been thorough and exhaustive in terms of our consultative approach with lawmakers and stakeholders in the New Jersey racing industry. We have done this with a view to setting the right legal and commercial framework for introducing Fixed Odds betting into the U.S. through New Jersey.

We feel the support for Fixed Odds as a solution to facilitate growth in the horse racing industry in the U.S. gaining momentum throughout the industry. We are

excited about what this opportunity means for the racing industry in New Jersey and more broadly in the U.S. We are also excited about what it enables for BetMakers as a Company, and our shareholders.”

As a summary, a timeline of BetMakers’ Fixed Odds journey in New Jersey is outlined below.

Date	Milestone	Status
February,	BetMakers secures an exclusive 10-year agreement with New Jersey Thoroughbred	Successfully
2020	Horsemen Association and Darby Development LLC., the operator of Monmouth	completed
	Park racetrack, to deliver and manage Fixed Odds horse racing into New Jersey.
November,	Bill to “Authorise & Regulate Fixed Odds Horse Racing” is introduced in New Jersey	Successfully
2020	State Legislature.	completed
	Bill S3090(“Authorizes fixed odds wagering on horse races through fixed odds
	wagering system”) introduced in the Senate by New Jersey Senator Vin Gopal
	(Democrat). An identicalBill A4909sponsored by Assembly Gaming Committee
	Chairman Ralph Caputo (D – Essex) and Deputy Republican Leader Assemblyman
	Ronald S. Dancer (R – Ocean) introduced in the General Assembly.
November,	The Senate Budget and Appropriations Committee passedBill S3090with a vote of	Successfully
2020	11-0, with the Bill to be voted on by the full floor of the Senate.	completed
May, 2021	Bill A4909is passed in a unanimous vote by the Assembly Tourism, Gaming and the	Successfully
	Arts Committee with a yes vote of7-0. Immediately following the Assembly	completed
	Tourism, Gaming and the Arts Committee hearing, the Assembly Appropriations
	Committee meets to also consider A-4909, and after hearing on the Bill, the
	Committee also votes for the Bill unanimouslywith a vote of11-0.
May, 2021	Full floor of the New Jersey General Assembly unanimously passes BillA4909with a	Successfully
	vote of75-0in favour of the Fixed Odds Bill.	completed
June 21 (June	Bill S3090in New Jersey Senate substituted byBill A4909(with amendments) and	Successfully
22 AEST) ,	unanimously passed40-0in favour of the Fixed Odds Bill.	completed
2021
June 21 (June	Bill A4909(with amendments) declared passed in New Jersey General Assembly	Successfully
22 (AEST),	with a unanimous vote of71-0in favour of Fixed Odds Bill.	completed
2021
Next step	Bill to “Authorise & Regulate Fixed Odds Horse Racing”, having passed final passage	Pending
	on the floor of both the Senate and General Assembly, sent to Governor of New
	Jerseyfor final approval to become law.

For further information please contact

Charly Duffy	Jane Morgan
Company Secretary	Investor and Media Relations
companysecretary@thebetmakers.com	investors@thebetmakers.com
+61 (0) 409 083 780	+61 (0) 405 555 618

Todd Buckingham, Managing Director of BetMakers, authorised the release of this announcement to ASX