Oregon’s sports betting industry is off to a strong start in the first full month of betting in the Beaver State.
According to figures from the Oregon Lottery, residents wagered $17.1m on sporting events via the state lottery’s sports betting app Scoreboard, in November.
In terms of betting revenue, the Oregon Lottery generated $960,714 which translates into a hold of 5.14%. The figures also show that Oregon residents placed a total of 720,084 sports wagers with an average stake of $23.76.
November marked the first full month of sports betting in Oregon and represents a significant increase on the $5.6m wagered and $218,000 generated in October.
Breaking down the figures
Looking closer at the figures, basketball was the most popular sport to bet on in November. Oregon residents wagered a total of $8.6m on basketball events which made up just over half of the state’s total betting handle. On these bets, the Oregon Lottery generated $586,824 in revenue.
Football was the second most popular sport to bet on with bettors wagering just over $6m and the Lottery holding onto $186,539.
Football and basketball were the only two sports to generate more than $100,000 in revenue in November. Hockey betting managed to generate $80,274 while soccer bets generated just $50,136 in revenue.
Sports betting in Oregon
Prior to the passage of the professional and Amateur Sports Protection Act (PASPA), Oregon, Nevada, Montana and Delaware already offered a form of legal sports betting. The existing sports betting laws were ‘grandfathered’ in under PASPA allowing Oregon, and the other states, to continue to offer sports betting even after PASPA became law in 1992.
Oregon’s sports betting offering came in the form of its Sports Action parlay game which was shut down in 2007.
Prior to the launch of Scoreboard, bettors in the state were limited to using the land-based sportsbook at the Chinook Winds Casino in Lincoln. The tribal casino launched sports betting in late August, and up until October, was the only legal sports betting option in the Beaver State
With the launch of mobile and online betting in the Beaver State, Oregon is the latest state to offer online and mobile betting. Mobile and online sports betting is currently available in New Jersey, Pennsylvania, West Virginia, Iowa, Indiana, Nevada and Rhode Island.
For an in-depth look at each state’s sports betting statistics visit the BettingUS stats page.
