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Youbet.com reaches $1 billion in wagers

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The company is the largest provider of online horse racing content in the U.S. and has topped the $1 billion mark in total wagers processed since it started accepting bets in 1997.

The website offers live 24-hour access to live online race audio/video, dual simultaneous race viewing, instant race replays, up-to-the-minute track information, real-time wagering information, phone wagering and value-added handicapping products.

Subscribers can watch and bet on races being staged at more than 120 tracks in the United States, Europe and Asia.

“The most gratifying part of reaching the $1 billion mark in total wagers processed is knowing that more than 70% of it has been amassed since the Company\’s new management team took over three years ago,” said Charles F. Champion, CEO of the online wagering company.

“Beginning with the 2002 racing season, we\’ve tripled the amount we add to track pools annually,” Champion continued, “a real come-from-behind accomplishment for a dot com survivor.”