Youbet.com (UBET)

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Youbet to Carry Philadelphia Park Year-Round Races
Thursday March 29, 8:15 am ET
Online Wagering to Begin This Weekend as Youbet Airs Philly Races for the First Time since 2004


WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Youbet.com, Inc. (NASDAQ:UBET - News) announced today that beginning this weekend it will carry racing content from Philadelphia Park Casino and Racetrack, home of year-round live racing and the site of the prestigious $500,000 Pennsylvania Derby every Labor Day.
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The announcement follows signing of a new simulcast agreement which gives Youbet the right to carry the Park's races on its industry leading advance deposit wagering website. Online customers will be able to wager on live races broadcast from the Bensalem, PA track starting with the race card this Saturday.

The Saturday broadcast marks the first time in more than two years that Philadelphia Park races have been carried by Youbet, whose online network will expose the track's races to a national audience of nearly 200,000 wagering customers each day.

"We are pleased that Philadelphia Park's racing product will now be offered to Youbet's account wagering customers," said Hal Handel, CEO of Philadelphia Park Casino and Racetrack. "We hope our large field sizes and our year-round product will make it a very popular offering with Youbet's wagering customers, and we welcome this increased distribution on Youbet's very sophisticated account wagering platform."

"With the Philadelphia Park signal, we have renewed an offering that our online customers will respond to favorably," said Youbet CEO Charles F. Champion. "Thanks to a greatly enhanced purse structure, the track is offering one of the most improved and competitive racing products in the country and we are eager to present it to our subscribers."

About Youbet.com

Youbet.com is a diversified provider of technology and pari-mutuel horse racing content for consumers through Internet and telephone platforms and is a leading supplier of totalizator systems, terminals and other pari-mutuel wagering services and systems to the pari-mutuel industry through its United Tote subsidiary. Youbet.com's International Racing Group subsidiary is the only pari-mutuel rebate provider to be licensed by a U.S. racing regulatory jurisdiction.

Youbet.com's website offers members the ability to watch and, in most states, wager on the widest variety of horse racing content available worldwide. Through this platform, Youbet offers members commingled track pools, live audio/video, up-to-the-minute track information, real-time wagering information, phone wagering, race replays, simultaneous multi-race viewing and value-added handicapping products. Youbet.com's Players Trust(SM) revolutionized advanced deposit wagering by placing player deposits in the custody of a major U.S. financial institution.

The Youbet Advantage(TM) Player Rewards Program is the only player incentive program of its kind in the U.S. pari-mutuel market; and Youbet's play-for-points racing education website - www.Youbet.net - is helping to attract new fans to racing. Youbet.com is the exclusive provider of horse racing content for CBS SportsLine.com. More information on the company can be found at www.youbet.com.