The first post time from
Pimlico Race Course will at 10:30 am (EDT).com.com operates
Youbet.

arabian sport

Legendary Trainer D. Wayne Lukas Subject of New Website; Preakness entry Going Wild arrived in Baltimore Today

Wayne Lukas are combining forces to launch a new website
devoted to the career of the legendary trainer.com's flagship site, cbs. The exposure afforded by our agreement with this
highly regarded Internet sports company is another key step to
engaging them in our sport .com

Youbet.com is
a member of the Viacom family and a division of CBS Sports.

75 aga

Youbet , the largest provider of online horse racing content in the
U.com's website. Members enjoy
features that include commingled track pools, live audio/video,
up-to-the-minute track information, real-time wagering information,
phone wagering, race replays, simultaneous multi-race viewing and
value -added handicapping products. and selling them what this great sport
has to offer.

studs arabian

Lukas has won 13
classic races so far in his career and completed the 'Lukas Triple
Crown' in 1995 by winning all three classic races with two different
horses.----Youbet."
The agreement calls for Youbet to provide CBS SportsLine.

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viacom.

comprehensive sport

S.youbet. (Nasdaq:UBET) announced today that it has signed an agreement to
be the exclusive horse racing content provider for CBS SportsLine.

included aga

com includes a fan mail function that
allows for email questions and comments directed to one of racing's
most decorated trainers.
The company also is the exclusive provider of horse racing content for
CBS SportsLine. The first
installments , which will be on cbs.
Statements containing expressions such as "may," "will," "project,"
"might ," "expect," "believe," "anticipate," "intend," "could,"
"would," "estimate," potential," "continue " or "pursue" or the
negative or other variations thereof or comparable terminology used in
Youbet 's press releases and in its reports filed with the Securities
and Exchange Commission are intended to identify forward-looking
statements.

involvement 75

dwlukas.
"As their exclusive horse racing content provider , Youbet's
products and services will gain tremendous exposure to CBS
SportsLine. From time
to time, these risks, uncertainties and other factors are discussed in
the Company's filings with the Securities and Exchange Commission.
Such factors include, without limitation, the following: the timely
development and market acceptance of new products and technologies;
our ability to secure financing on terms acceptable to us; our ability
to control operating expenses; increased competition in the advance
deposit wagering business; a decline in the public acceptance of
wagering; wagering ceasing to be approved in jurisdictions where
Youbet currently operates; the limitation, conditioning or suspension
of any of Youbet's licenses; increases in or new taxes imposed on
wagering revenues; loss or retirement of key executives; and a decline
in the general economy.

included racing

The victory boosted
Lukas ' career thoroughbred earnings to $241 million.
Lukas has trained the winners of 17 Breeder's Cup races for total
earnings of over $19 million, making him the most successful trainer
in the 20 year history of the Breeders' Cup World Thoroughbred
Championships. The deal means that
Youbet 's diverse content offering -- including live racing video, race
replays, handicapping products, racing tutorials, and games and
contests -- will now be accessible to the millions of sports fans who
visit CBS SportsLine.com
Other newly created programs will go live before the 2005 Breeders
Cup World Thoroughbred Championships at New York's Belmont Park in
October.com is an official online wagering platform of Churchill
Downs Incorporated and the Kentucky Derby.com TotalAccess(TM), an Oregon-based hub for the acceptance and
placement of wagers.com.com

Forward Looking Statements

This press release contains certain forward-looking statements.

breeds thoroughbred

dwlukas. Champion said
that the arrangement is in keeping with Youbet's strategy to cultivate
a broader fan base for the sport of horse racing that will yield
long-term benefits for tracks, horsemen and the entire industry. "As important, the sport is likely to garner
greater levels of interest as even more young, tech-savvy sports
enthusiasts catch on.com

CBS SportsLine. These forward-looking statements, which are included in
accordance with the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995, may involve known and unknown risks,
uncertainties and other factors that may cause Youbet's actual results
and performance in future periods to be materially different from any
future results or performance suggested by the forward-looking
statements in this press release.

included years

In addition to the five Preakness wins , Lukas has trained four
Kentucky Derby winners and a like number of Belmont winners.com in time for this
week's Kentucky Derby, feature live racing audio/video, the
Youbet-Daily Racing Form Triple Crown Watch page and a $100,000
Kentucky Derby Pick 12 contest (www.Youbet. CBS SportsLine.

heritage comprehensive

Youbet . Founded in 1997, Youbet now
is the horse race video source for ESPN.
Youbet.com, each and
every month.com is the largest Internet provider of thoroughbred,
quarter horse and harness horse racing content in the United States.com

About CBS SportsLine.

heritage studs

Business Editors/Gambling Writers /Horse Racing Writers

WOODLAND HILLS, Calif. Content will be expanded over time
to include Breeders Cup and other major event news and views.youbet. Lukas has trained the winners of 22
individual Eclipse Awards and is a member of the Racing Hall of Fame. financial institution.

Business Editors /Entertainment Editors/Horse Racing
Writers/Internet Writers

WOODLAND HILLS, Calif.com --
surfing for fast-paced, interactive and entertaining ways to get
involved with sports...com's massive audience through advertising and promotion
programs," Champion said. Youbet.

included racing

com can be found at www.derbypick12 ."

About 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.com and for the latest sports news,
scores and expert analysis , please visit cbs.

breeds breeding

com operates TotalAccess(SM), an Oregon-based hub for the
acceptance and placement of wagers. The company's Players Trust(SM)
revolutionized advanced deposit wagering by placing player deposits in
the custody of a major U.

quarter breeding

, is sponsoring the site as part of an endorsement contract with
Lukas. In April 2005 Lukas won his 597th graded stakes race when Grand
Rewards topped the field in the Oaklawn Handicap. His entry, Going
Wild, drew the 14th post position for the race - one that Lukas has
won on five previous occasions in his career.com
Going Wild, who arrived at Pimlico by airplane from Louisville
today, is owned by Robert and Beverly Lewis.sportsline. In
addition to its flagship service, the company publishes the official
Web sites of the NFL, PGA TOUR and NCAA Sports. Although Youbet believes the
expectations reflected in such forward-looking statements are based
upon reasonable assumptions, it can give no assurance that actual
results will not differ materially from these expectations.

equestrian racing

Lukas is preparing for this Saturday's Preakness Stakes in
Baltimore , the second jewel of the Triple Crown series which will be
aired on NBC-TV at 5:30 pm (EDT), post time at 6:05.
Members can watch and, in most states, wager on the widest variety of
horse racing content available via Youbet. More information on Youbet can be found at
www.

breeding heritage

Youbet.com's patented ESPN Motion.com

com,
a leading Internet sports media organization.sportsline. Youbet does not undertake, and
specifically disclaims any obligation, to publicly release the result
of any revisions that may be made to any forward-looking statements to
reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements.

last presentation

----Youbet.com, will feature weekly commentary on the
racing scene, chronologies on the storied trainer's career, updated
photos and a section called "Derby Trail" that gives insight to Lukas'
views on his Triple Crown entrants .
The website at www.com,
Inc.
In making the announcement, Youbet CEO Charles F. "Based on our own success in
growing the 21 to 40 year old demographic, we know that many of them
are online -- in fact, many of them are at CBS SportsLine. Youbet.

years family

Youbet carries the entire
race card that day at www.com with
program content in three phases over the next six months.
Members have the ability to watch and, in most states, the ability to
wager on vast majority of all major domestic horse racing content via
Youbet.

pedigrees heritage

com
and D.com is the largest Internet provider of thoroughbred ,
quarter horse and harness racing content in the United States as
measured by handle data published by the Oregon Racing Commission.
"Our industry needs to find a younger generation of fans by
reaching out to them," Champion said.

family quarter

The new site, on the
Internet at www.sportsline. More
information about Viacom and its businesses is available at
www.

included quarter

The couple teamed with
Lukas in 1999 for Kentucky Derby and Preakness wins with Charismatic. More information on
Youbet.
Youbet. Readers are cautioned not to place undue
reliance on forward-looking statements, which speak only as of the
date of this press release.

heritage horse

com is an official online wagering platform of Churchill
Downs Incorporated and the Kentucky Derby.com's exclusive closed-loop network.com is at the leading edge of media companies
providing Internet sports content, Fantasy sports and e-commerce. For more
information about CBS SportsLine.

comprehensive family

S.

Youbet Inks Agreement to Become CBS SportsLine.com's Exclusive Horse Racing Content Provider; Leading Sports Website Will Expose Youbet to Millions of Sport Fa

horse presentation

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