Score Media and Gaming : TheScore Issues Statement Following the Passing of Bill C-218 on Second Reading in the Senate

Legislation to Legalize Single Event Sports Betting in Canada Now Movesto Committee for Deliberation

TORONTO, May 25, 2021 -Score Media and Gaming Inc.('theScore' or the 'Company') (TSX: SCR; NASDAQ: SCR) Founder and CEO John Levy issued the following statement on today's passing of Bill C-218 on second reading in the Senate. Bill C-218, which would legalize single event sports betting in Canada, now moves to committee for deliberation.

'With today's passing of Bill C-218 on second reading in the Senate, we are now one important step closer to legalizing single event sports betting in Canada. The Bill has now been referred to the Senate's Standing Committee on Banking, Trade and Commerce, which provides another opportunity to discuss how safe and regulated sports betting will benefit all Canadians by implementing necessary consumer protections, generating critical tax revenue for our communities and driving job creation. Following committee, we are optimistic that Bill C-218 will be swiftly passed at third reading in the Senate, receive Royal Assent and become law.'

theScore estimates a market potential for online gaming in Canada of between US$3.8 billion and US$5.4 billion in annual gross gaming revenue, based on historical data extrapolated from legal online gaming markets in the U.S. and globally. theScore's sports media app (iOSandAndroid) is one of the most popular multi-sport news and data apps in North America and its mobile sportsbook, theScore Bet (iOSandAndroid), delivers an immersive and holistic mobile sports betting offering, including a wide range of pre-game and in-play betting across all major sports leagues and events, and a comprehensive variety of bet types, and is currently live in New Jersey, Colorado, Indiana and Iowa. For more information:Dan Sabreen Director, Communications Score Media and Gaming Inc. Tel: [phone] ext. 706 Email:[email protected]
About Score Media and Gaming Inc.Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app 'theScore' is one of the most popular in North America, delivering fans highly personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company's sports betting app 'theScore Bet' delivers an immersive and holistic mobile sports betting experience and is currently available to place wagers in New Jersey, Colorado, Indiana and Iowa. Publicly traded on the Toronto Stock Exchange (TSX: SCR) and the Nasdaq Global Select Market (NASDAQ:SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

Forward-looking (safe harbour) statementStatements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as 'may', 'would', 'could', 'will', 'believes', 'plans', 'anticipates', 'estimates', 'expects' or 'intends' and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, the enactment of enabling legislation and regulations in the provinces and territories of Canada to facilitate online gaming and the enactment of federal legislation to permit single-event sports wagering (including the timing of such legislation and regulations being passed and proclaimed in force (if at all) and the terms and conditions imposed in such legislation and regulations on participants in the online gaming industry), the receipt by the Company of all relevant licences and approvals under the relevant legislation and regulations, and the rate of adoption and market potential of online gaming in Canada, and those factors which are discussed under the heading 'Risk Factors' in the Company's Annual Information Form as filed with applicable Canadian securities regulatory authorities and available on SEDAR under the Company's profile atwww.sedar.comand as filed with the U.S. Securities and Exchange Commission and available atwww.sec.gov, and elsewhere in documents that theScore files from time to time with such securities regulatory authorities in Canada and with the U.S. Securities and Exchange Commission, including its Management's Discussion & Analysis and Management Information Circular. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.