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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.

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