SOURCE: TVG

TVG

June 05, 2015 15:31 ET

TVG Predicts Record Number of Americans Will Tune In and Wager for Potential Triple Crown Winner at Belmont Stakes

Premier Player in Horse Racing Expects American Pharoah to Drive Spike in Bets Made on Mobile Devices

LOS ANGELES, CA--(Marketwired - Jun 5, 2015) - TVG, America's #1 Online Horse Race Wagering and TV Network, expects 750,000 to one million people will bet on the Triple Crown Saturday, June 6, at the track, online and through their smartphones or tablets. Betting on mobile alone is expected to be up over 100 percent year over year. TVG also estimates that 20 million Americans will watch American Pharoah run the race.

"Forget Vegas this weekend, the real money is going be at Belmont and through legal online horse betting website such as TVG," said Kip Levin, CEO of TVG. "We expect people across the country to bet more than $150 million on the Triple Crown this Saturday. American Pharoah will have the weight of the nation and at least $15 million on his shoulders to claim the crown."

"The Triple Crown was last won in 1978, and betting on racing today isn't like it was for our grandparents. This Saturday, almost 50 percent of our new players joining TVG will bet with a mobile device. We're driving and seeing a huge change in the industry with our Apple Apps and Android optimized site at TVG.com," said Levin.

TVG offers a mobile app on the iPhone and iPad designed for an optimized wagering experience. Available free for the download, the app features free handicapping information, live racing video and race alerts to help players wager on over 150 race tracks worldwide.

The starting gates at the Triple Crown will fly at 6:50pm ET on June 6. All the build-up and undercard races will be live on the TVG Network from 11:15am ET. We're live on track all week offering live racing and analysis for 45 million homes across the country.

By post time, hundreds of thousands of fans across America will be trying to grab a piece of history and placing a commemorative $2 Win Wager. TVG estimates the average bet on American Pharoah will be $30. 

"The horse's morning line is 3/5, and while there could be better value outside the superstar, having a winning bet on American Pharoah could be priceless come 6:53pm in New York this Saturday," said Levin.

For analysis, opinion or to book former MLB All-Star and TVG expert handicapper Paul Lo Duca and other talent please contact: Kevin Grigsby, Vice President of Programming at kgrigsby@tvg.com or call: (310) 242-9418.

TVG, a subsidiary of Betfair Group plc, the premier e-gaming betting community, is among the most widely distributed horseracing networks in the world. TVG is one of the largest legal online gaming companies in the US, accepting over $1 billion in wagers annually. The company has demonstrated its commitment to the racing industry, its owners, tracks and fans through sponsorship of several preeminent races including the TVG Pacific Classic and TVG Super Saturday. TVG offers a mobile app on the iPhone and iPad for legal wagering in more than 30 states. Available for download for free from the Apple App Store, the TVG app features free handicapping information, live racing video and race alerts to help players wager on over 150 race tracks worldwide.