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Youbet.com Names New VP

10 December 2004

WOODLAND HILLS, California -- (PRESS RELEASE) -- Youbet.com, Inc. (NASDAQ:UBET), a leading online wagering company and the largest provider of Internet horse racing content in the United States, said today that Lonny T. Powell will join the company as Vice President-Public Affairs and General Manager of the Central Region. Powell, who is currently President and CEO of the Association of Racing Commissioners International (RCI), begins his new assignment on February 1, 2005.

Powell has been with RCI since 1999. Under his leadership, RCI widened its efforts to uphold and protect the integrity of pari-mutuel sports in the US. and abroad. In so doing, he helped to elevate RCI's voice in support of uniform pari-mutuel regulation.

"Lonny will play a pivotal role in our Company's strategic growth," said Youbet.com CEO Charles F. Champion. "His credentials in the field of pari-mutuel sports legislation will bring an unprecedented level of expertise and professionalism to our dealings with the public entities charged with regulating our industry. Likewise, his operating experience gives us product development and distribution support in our key Central Region."

Prior to joining RCI, Powell was President and CEO of race tracks at Santa Anita, Turf Paradise and Multnomah Greyhound Park. He held key operating positions at Longacres Park and Magna Entertainment and acted as Director of the University of Arizona Race Track Industry Program. He has also served in advisory capacities on regulatory affairs and on racino development with the NTRA and Multimedia Games, Inc., respectively.

"I am very excited about the opportunity to work with an emerging leader in our industry," said Powell. "Youbet has undergone a remarkable business transformation. I am looking forward to working with them to refine their public affairs programs and to produce and distribute products to satisfy customer demand in the rapidly evolving market for advanced deposit wagering."

A former member of the NTRA Board of Directors and Vice Chairman of the AQHA Racing Council, Powell has been active in numerous efforts to benefit the industry. He was Treasurer and Director of the Racing Medication & Testing Consortium and founding President of the Blue Grass Farms Chaplaincy. He has been a member of the AQHA Racing Committee, the American Horse Council's Government Affairs Council, the University of Arizona RTIP Advisory Council, the NTRA Wagering Systems & Security Task Force, the Wagering Integrity & Technology Work Group and the Jockey Insurance Task Force.

Youbet.com is the largest Internet provider of thoroughbred, quarter horse and harness racing content in the United States as measured by handle data published by the Oregon Racing Commission. Members can watch and, in most states, wager on the widest variety of horse racing content available via Youbet.com's website.

Youbet.com members enjoy features that include 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 is an official online wagering platform of Churchill Downs Incorporated and the Kentucky Derby. Youbet.com operates TotalAccess(SM), an Oregon-based hub for the acceptance and placement of wagers. More information on Youbet.com can be found at www.youbet.com.

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Youbet.com Names New VP is republished from Online.CasinoCity.com.