Television Games Network processed $108.8-million in total wagering during the first quarter of 2008, the highest first quarter total in the company’s history.

The figure is a 32% increase compared with the first quarter of 2007 and occurred during a quarter when overall wagering on horse racing in the United States declined 3.1 %.  The wagering increase was fueled by a 47% increase in TVG’s cable and satellite television distribution to 30-million United States households, according to a company press release.

“During the first quarter, our core wagering business prospered in an extremely difficult business environment for the entire horse racing industry, including other [advance-deposit-wagering] providers, which is very encouraging,” said TVG General Manager David Nathanson.