|The $2.00 column-altering bet stepped through Youbet's secure wagering system on Monday January 31, 2005.|
'The most gratifying part of reaching the $1.0 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 concern.
'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.'
Youbet's new management group, which took over Company operations in May of 2002, also moved quickly to quell concerns about advanced deposits by establishing a program called The Players Trust(SM). Created in November of that year with a major U.S. banking institution acting as custodian, the Trust houses and protects the deposits and winnings of Youbet's wagering customers without charge.