AUTOTOTE CORPORATION AND SUBSIDIARIES
                    Consolidated Statements of Operations
                                 (Unaudited)
                   (In Thousands, Except Per Share Amounts)

                              Three Months Ended          Year Ended
                              October 31,                 October 31,
                              2000          1999         2000	1999
    Operating revenues:
     Services              $77,051        39,052     $192,509	148,660
     Sales                   5,692        20,195       40,839	62,488
                            82,743        59,247      233,348	211,148

    Operating expenses (exclusive of depreciation
     and amortization shown below):
      Services              54,857        26,695      129,948	99,496
      Sales                  4,036        13,432       25,952	43,937
                            58,893        40,127      155,900	143,433
        Total gross profit  23,850        19,120       77,448	67,715

    Selling, general and
     administrative
     expenses               15,755         7,324       35,664	27,178
    Loss on sale of business    --         1,600           --	1,600
    Depreciation and
     amortization          11,866         5,826       27,826	22,189
        Operating profit
         (loss)            (3,771)         4,370       13,958	16,748

    Interest expense        18,381         3,996       31,231	16,177
    Other expense (income)   (318)          (62)        (456)	15
                            18,063         3,934       30,775	16,192
    Income (loss) before
     income tax expense   (21,834)           436     (16,817)	556
    Income tax expense       1,017            90        1,603	177
    Income (loss) before
     extraordinary items  (22,851)           346     (18,420)	379
    Extraordinary items-write-off
     of deferred finance fees
     and debt call premium  12,567            --       12,567	--
    Net income (loss)     (35,418)           346     (30,987)	379
    Preferred dividend       1,014            --        1,014	--
    Net income (loss) available
     to common
     stockholders        $(36,432)           346    $(32,001)	379

    Basic and diluted earnings per share:
    Income (loss) before
     extraordinary items   $(0.60)          0.01      $(0.50)	0.01
    Extraordinary items     (0.34)            --       (0.34)	--
    Net income (loss)      $(0.94)          0.01      $(0.84)	0.01
    Net income (loss) available
     to common
     stockholders          $(0.96)          0.01      $(0.87)	0.01

    Weighted average number of shares
     used in per share calculation:
      Basic shares          37,809        36,246       36,928	36,118
      Diluted shares        37,809        39,465       36,928	38,343