Youbet.com to Sponsor ESPNMotion for Horse Racing

WOODLAND HILLS, California -- (PRESS RELEASE) --Youbet.com (Nasdaq:UBET), a leading online wagering company and the largest provider of horse racing content in the U.S., announced today it has completed an agreement to sponsor ESPN.com's new horse racing version of ESPNMotion(TM).

ESPN.com developed and patented the online video delivery system which provides users edited video clips from its broadcast networks. The application now is available on the Horse Racing section of the ESPN.com website.

"ESPN's excellence in broadcasting translates into superior online Content delivery and Youbet is very pleased to become the sponsor of ESPNMotion(TM) for horse racing," commented Youbet.com Chairman and Chief Executive Officer Charles F. Champion. "Youbet's technology leadership in the horse racing industry provides synergy with ESPN's unique video delivery system. The result is that horse racing fans have never had it better."

The delivery of horse racing related video to online users via ESPN.com's proprietary software and copyrighted video content extends the wildly successful introduction of ESPNMotion last year. Since inception, ESPNMotion has garnered more than 3,000,000 individual users worldwide.

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 have the ability to watch and, in most states, the ability to 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 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.