Roger Licht Named to Youbet's Independent Wagering Compliance Committee; Thoroughbred Owner, Breeder and Former CHRB Chairman Helped Expedite ADW in California.

WOODLAND HILLS, Calif. -- Youbet.com, Inc. (Nasdaq:UBET) announced today that Roger H. Licht, former chairman of the California Horse Racing Board (CHRB) and a prominent horse racing legal expert, has agreed to become a member of the company's independent wagering compliance committee.

Licht, who served on the CHRB for three years and was Chairman in 2003, is credited with expediting the initiation of advanced deposit wagering (ADW) in California, a move that has since helped to boost fan interest in the state's horse racing products. Licht, an active owner, breeder, fan and student of thoroughbred race horses, also served on CHRB's Simulcasting Committee.

"Roger is a horseman with extensive regulatory and legal experience who also has a comprehensive understanding of ADW and publicly held companies," said Youbet CEO Charles F. Champion in making the announcement. "We are very fortunate to have a man of Roger's stature on our committee and we are looking forward to learning from his unique insights on the sport and the business."

Licht's legal practice, which spans more than two decades, focuses on horse racing as well as business transactions and corporate law. He represents racing owners, breeders, trainers and jockeys. He also has served as a Director of two Nasdaq listed public companies (Medco Containment Services and Synetic).

"Youbet has a very progressive and transparent approach to compliance," Licht said. "I am excited about serving on their independent committee.

"As important, I am delighted to be associated with a company that believes in our sport and that is working so smartly to popularize it among a new generation of fans," he said.

Youbet.com is the largest Internet provider of thoroughbred, quarter horse and harness horse racing content in the United States. Members have the ability to watch and, in most states, the ability to wager on the vast majority of all major domestic horse racing content via Youbet.com's exclusive closed-loop network. 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 Youbet.com TotalAccess(TM), an Oregon-based hub for the acceptance and placement of wagers. More information on Youbet can be found at www.Youbet.com.

Forward Looking Statements

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