TVG Hub Handle Tops $12M for Quarter

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Handle through the TV Games Network's Oregon hub was $12,414,106 for the third quarter of 2001, almost triple the amount wagered during the third quarter of 2000 but down slightly from the second quarter of 2001.

Total handle for the second quarter of this year was $13,033,508.

For the third quarter of this year, $1.49 million was returned to the racing industry via source-market fees. TVG earned about $794,000 in revenue, while the National Thoroughbred Racing Association, which has a marketing arrangement with TVG, netted $93,000. The state of Oregon earned about $31,000.

The multi-jurisdictional hub is operated by TVG. NTRA Services, the previous operator, opted out earlier this year. Youbet.com, an online wagering service, employs the TVG hub.

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