Oregon sports betting revenue hits $2.4m in May

Oregon’s sports betting May revenue was up year-on-year but down from last month.

According to the latest figures from the Oregon Lottery bettors in the state wagered $27.7m on sporting events in May.

May’s handle marked a major increase on the $7.3m wagered in May 2020. The state’s handle was also up on the $25.3m wagered in April 2021.

Meanwhile, sports betting revenue hit $2.4m in May, up 293% on the $598,061 generated this time last year.

In May 2020, the state’s betting market was significantly impacted by the coronavirus pandemic as sporting events across the globe were canceled as a result of the pandemic.

While figures were up year-on-year, May’s revenue was down month-on-month after the state generated $2.7m in April.

What did people bet on?

Basketball was the most popular sport to bet on in May with Oregon bettors wagering $16.2m on basketball, which in turn generated $1.5m in revenue for the state’s Scoreboard Sportsbook.

Baseball was the next most popular sport to bet on, accounting for $4.6m of the state’s handle in May, generating $216,694 in revenue.

Soccer followed close behind with $2.4m in handle and $245,843 in sports betting revenue.

When it comes to bet types, $21m was wagered on single bets and teasers, while $7.7m was bet on combinations and system bets.

A total of 510,989 sports bets were placed before events while 280,188 in-play bets were placed during events.

Sports betting in Oregon

In June 2019, the Oregon Lottery inked a contract with SBTech to power the Lottery’s online and land-based sports betting products. The Lottery and SBTech launched the sports betting platform Scoreboard in October, a month later than initially expected.

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.

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