This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

DerbyJackpot Unveils First Social, Online Horse Racing Game With Real Money Betting

NEW YORK, Jan. 30, 2013 /PRNewswire/ -- DerbyJackpot today opened the doors to real money social games allowing people to bet on live horse races, the only legal way to gamble online in the United States. Eligible players* can join www.DerbyJackpot.com to bet real cash, socialize with other players and watch a live video feed of every horse race they place a bet on. Bets start at just ten cents, and players can pick their favorites from the horses' names, numbers, colors and odds.

(Photo: http://photos.prnewswire.com/prnh/20130130/NY51182)

"Horse racing is the only legal way to gamble online in the United States, and we are proud to introduce America's first real money social game," said Tom Hessert, DerbyJackpot co-founder and CEO. "With DerbyJackpot, people can join to have an awesome time with their friends playing online, with hundreds of chances to win real money every day."

DerbyJackpot allows players to bet on horse races from over 100 tracks across the United States, with most races occurring from noon to midnight (Eastern Standard Time). Players have access to the exact same odds that are available at the tracks; their bets are pooled with all other wagers in real-time. The social, casual game is designed as a fun experience for gamers over 18 to play, regardless of their prior experience with horse racing.

"We have been testing the game for the past few months and have found that DerbyJackpot's biggest fans are players who never bet on horses before, but they pick it up quickly and love the game," said Walter Hessert, DerbyJackpot co-founder and Chief Product Officer. "Now that we are opening up the game for anyone to play, we're sure that more people will flock to the site, especially those who are looking for a legal way to bet online."

Today, DerbyJackpot has three different ways to play:

  • The Monkey Bet – bets start at one dollar, with a big payout if the player chooses the winning horse
  • The Granny Bet – bets start at one dollar, and the player wins if their horse comes in first, second or third place
  • The Dime Bet – for just ten cents, players win big if they match the first four horses in order.

Players are able withdraw their winnings directly to their mobile wallets by using payments processor Dwolla, or they may receive physical checks which are processed and sent within 3 business days. In its first few months, DerbyJackpot has had winners cash out winnings over $900.00.

To register on the site, players must provide identification verification information, such as age and residency. They can make deposits into their accounts from major credit cards (Visa, Mastercard), Green Dot MoneyPaks or Dwolla. Wagers are powered by eBet Technologies, a leading U.S. business-to-business online betting operator and technology and services provider focused on the North American horse racing betting market, and a division of Sportech, Inc.  eBet Technologies operates a licensed Multi-Jurisdictional Account Wagering Hub, regulated through the State of Oregon under the rules and laws of the State of Oregon.

*Players must be 18 years of age (21 in certain states) and a legal resident in a state where DerbyJackpot may legally take online horse racing wagers. DerbyJackpot does not offer real money games to residents of the following states/territories: Alaska, Arizona, California, District of Columbia, Georgia, Hawaii, Idaho, Illinois, Kansas, Maryland, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Rhode Island, Tennessee, South Carolina, Texas, Utah, Virginia, Washington, Wisconsin. Additional terms and restrictions may apply.  DerbyJackpot hopes to offer real money games to residents of certain of these states soon.  DerbyJackpot encourages responsible gaming by its players.

About DerbyJackpot

DerbyJackpot.com is a social game that makes it easy to bet, watch and win real money on live horse racing, the only legal way to gamble online. By turning it into an online social game, anyone can participate. DerbyJackpot is driven by this mission – to bring the fun of horse racing online, so that more people can play and enjoy the races with their friends.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs