"Eclipsing $100 million in wagering during the second quarter was a goal that we set for ourselves internally and we are pleased to exceed that mark," said Ryan O'Hara, President of TVG. "Continued focus on the implementation of our strategy is returning strong revenue growth, a good mix of new programming and products and significant benefits to our exclusive racetrack partners and their horsemen. The whole team at TVG put in a strong performance and we remain focused on and energetic about achieving our long-term plan."
TVG Network processed $114 million in wagers during the second quarter, marking the first time that quarterly wagering went over the $100 million mark and resulting in a 29% increase in wagering over the second quarter of 2004.Additionally, cable and satellite distribution of TVG's television network increased 24% from the second quarter of 2004 to more than 15.5 million U.S. households.