AUTOTOTE CORPORATION AND SUBSIDIARIES
                    CONSOLIDATED STATEMENTS OF OPERATIONS

                  Three Months Ended March 31, 2000 and 2001
             (Unaudited, in thousands, except per share amounts)

                                                        2000           2001

    Operating revenues:
    Services                                         $37,659         88,040
    Sales                                              7,953         24,068
                                                      45,612        112,108

    Operating expenses (exclusive of depreciation
     and amortization shown below):
    Services                                          24,493         58,113

    Sales                                              3,893         14,707
                                                      28,386         72,820

        Total gross profit                            17,226         39,288

    Selling, general and administrative expenses       6,731         14,625

    Depreciation and amortization                      5,370         13,608

    Operating income                                   5,125         11,055

    Other deductions:
    Interest expense                                   4,253         13,580

    Other (income) expense                              (78)            244
                                                       4,175         13,824

    Income (loss) before income tax expense (benefit)    950        (2,769)

    Income tax expense (benefit)                         116          (332)

    Net income (loss)                                    834        (2,437)

    Convertible preferred stock dividend                  --          1,699

    Net income (loss) available to common
     stockholders                                       $834        (4,136)


    Basic and diluted net income (loss) per share:
    Net income (loss) per share                        $0.02         (0.06)

    Net income (loss) available to
     common stockholders                               $0.02         (0.10)


    Weighted average number of shares used in per
     share calculations:
    Basic shares                                      36,544         40,163

    Diluted shares                                    41,888         40,163