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Youbet to carry Philadelphia Park races

WOODLAND HILLS, California -- (PRESS RELEASE) -- Youbet.com, Inc. (NASDAQ:UBET) 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.

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."

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