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Xpressbet

From Alfawiki
Xpressbet, LLC
Company typeDivision
IndustryPari-mutuel wagering
Founded2002
Headquarters
Washington, Pennsylvania
,
United States
ParentStronach Group

Xpressbet, LLC operates as a division of the Stronach Group Company, established in 2002 and headquartered in Washington, Pennsylvania. The firm specializes in providing pari-mutuel wagering options, enabling users to place bets and follow thoroughbred, harness, and quarter horse races remotely. Its offerings include a variety of handicapping resources such as daily selections, betting instructions, newsletters, blogs, and expert columns. Xpressbet supports almost 200 racetracks spanning North America, Australia, Europe, South Africa, and the Middle East, while also supplying white-label wagering platforms to other Account Deposit Wagering (ADW) operators.

History

The Meadows, Western Pennsylvania’s inaugural pari-mutuel racetrack, introduced Call-A-Bet in April 1983, allowing bettors to wager through telephone accounts. That same year, the Meadows Racing Network transmitted race broadcasts to 270,000 households across Pennsylvania. As part of a $53 million transaction, Toronto-based Magna Entertainment Corp (MEC) acquired an 18% interest in the network. MEC chairman Frank Stronach emphasized that this acquisition was a calculated step toward establishing a premier account wagering enterprise and boosting profitability.

Call-A-Bet evolved by incorporating internet wagering and was subsequently renamed XpressBet. In March 2002, Ron Luniewski—previously co-CEO of Youbet.com (which was later purchased by Churchill Downs)—was appointed CEO of XpressBet. He left the company in April 2018 after expanding XpressBet’s handle to $782.6 million in 2017.

List of notable participating tracks

* Denotes racetracks with direct affiliations via the Stronach Group

(organized alphabetically):