Based on reported figures and our own proprietary research, we estimate that total U.S. & Canada slot machine sales increased +84% y/y to ~19,500total games sold in 1Q of CY22. This now brings us to ~90% of 1Q19 pre-COVID levels; we note replacement sales were +4% above 1Q figures in CY19 (an improvement from –6% in 4Q) while expansionary sales were –54% below 1Q19.
