Edited press release
For the first time since 2004, Youbet.com will offer wagering on racing from Philadelphia Park Casino & Racetrack beginning March 31.
The announcement follows the signing of a new simulcast agreement that gives Youbet.com the right to carry Philly Park races on its online account wagering platform. Youbet.com said it will expose the Pennsylvania track’s races to a national audience of almost 200,000 customers.
Philly Park is in the process of ramping up its racing product this year given revenue from slot machines. The track’s marquee event is the $1-million Pennsylvania Derby (gr. II) on Labor Day.
“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,” Philly Park chief executive officer Hal Handel said.
“With the Philadelphia Park signal, we have renewed an offering that our online customers will respond to favorably,” Youbet.com CEO Charles Champion said. “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.”
Philly Park operates its own account wagering service called PhoneBet.