Contract award comes after competitive bid process and marks the continued collaboration with the Illinois Gaming Board

LAS VEGAS - April 16, 2026 - Light & Wonder, Inc. (ASX: LNW) (together with its subsidiaries, "Light & Wonder," "L&W" or the "Company") today announced it has been awarded a new 10-year contract by the Illinois Gaming Board (IGB) to supply and fully operate its next-generation CONNEXUS® Central Communication System for the state's video gaming market. The award comes after a public competitive bid process.

Under the new agreement, Light & Wonder will deploy its latest Connexus Central Communication System (CCS), delivering a modern, scalable platform designed to meet the IGB's current and future regulatory needs. The solution offers robust enforcement capabilities to ensure the integrity of video gaming within the state, while incorporating state-of-the-art information security processes to protect system integrity and data security.

Light & Wonder has served as the central system provider and operator for the IGB since the market's launch in 2012, supporting Illinois' growth into one of the largest distributed G2S markets.

"This award reflects more than a decade of trusted collaboration with the Illinois Gaming Board and our proven ability to operate one of the most complex regulated gaming systems in the world," said Siobhan Lane, Chief Executive Officer, Gaming at Light & Wonder. "Our next-generation Connexus Central System provides the security, scalability, and flexibility required to support Illinois' market today, while positioning the state for future innovation in responsible gaming and cashless technologies."

"The new Central Communication System will further strengthen our existing regulatory oversight and modernize our technological infrastructure," said Marcus D. Fruchter, Administrator of the Illinois Gaming Board. "Among other significant enhancements, the new system will enable the IGB's integration of its Self-Exclusion Program into video gaming and meaningfully advance our commitment to responsible gambling in Illinois."

The new platform will continue to provide regulatory and compliance oversight, support G2S connectivity and Ticket-In Ticket-Out (TITO), while improving operational efficiency and enabling future capabilities such as Responsible Gaming, cashless gaming support, and API integration with the Gaming Board's systems.

For more information, visit lnw.com

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About Light & Wonder, Inc.

Light & Wonder, Inc. is a leading cross-platform global games company. Through our three unique, yet highly complementary business segments, we deliver unforgettable experiences by combining the exceptional talents of our 6,500+ member team, with a deep understanding of our customers and players. We create immersive content that forges lasting connections with players, wherever they choose to engage. At Light & Wonder, it's all about the games. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more visit www.lnw.com.

Media Inquiries: [email protected]

About Light & Wonder, Inc.
Light & Wonder, Inc. is a leading cross-platform global games company. Through our three unique, yet highly complementary businesses, we deliver unforgettable experiences by combining the exceptional talents of our 6,500+ member team, with a deep understanding of our customers and players. We create immersive content that forges lasting connections with players, wherever they choose to engage. At Light & Wonder, it's all about the games. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more, visit lnw.com.

Media Inquiries: [email protected]

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In this press release, Light & Wonder makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results, or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the "SEC"), including Light & Wonder's current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K that was filed with the SEC on February 25, 2025 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Light & Wonder's ongoing obligations under the U.S. federal securities laws, Light & Wonder undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.