The online wagering company registered a 23% jump in handle to $88.2 million, a 25.1% increase in total revenue to $18.5 million and a net income of $1 million for the 2005 first quarter, compared to $15,111 in the 2004 first quarter. “The record first-quarter results reflect our industry leadership position in terms of product offerings, player services, technology, and wagering compliance, all of which contribute to a highly entertaining and trusted experience for our growing customer base,” said Youbet.com Chairman and Chief Executive Officer, Charles Champion.