Oregon December Sports Betting Market Breaks Records
LISTEN TO THIS ARTICLE:The Oregon Lottery Commission has released the state’s December sports betting results, showing a record handle of $73.2m.
The handle marked a 38.1% increase from $53.8m wagered in Oregon during December 2022. It also exceeded the prior record of $71.9m set in October 2023.
The most favorite sport amongst Oregon bettors in the month was American football, which accounted for $23.1m of the total bets. It was followed by basketball with $16.5m, football attracted $3.3m in wagers, while ice hockey contributed $2.0m. Single bets accounted for $48.1m of the total wagers, while the remaining $25.1m were parlay bets.
Related: Oregon’s November Sports Betting Handle Rises 28.3% YoY
December Revenue Peaks at $9.7m
In December, Oregon’s gross gaming revenue reached $9.7m, establishing a new record for the state. The figure surpassed the previous record of $8.5m set in October 2023 by 14.1%. It also marked a 70.2% increase from $5.7m in December 2022.
American football contributed the most revenue at $3.2m. As expected, basketball is in second place with $2.9m, and football generated $605,891 in revenue. Additionally, parlay bets yielded $5.7m in revenue, while single wagers contributed $4.0m.
Since DraftKings is the only operator allowed to offer sports betting in the state, all bets are placed through the app. Although state taxes were not detailed in the report, it is estimated to be approximately $4.9m based on the 51% tax rate agreement between the operator and the state.
Transition from Scoreboard to DraftKings
Prior to DraftKings’ entry into the market, the scoreboard platform run by the Oregon Lottery has been the primary avenue for sports betting in the state since it legalized the activity in October 2019.
However, in 2021, the Oregon Lottery jointly approved the migration from SBtech-powered Scoreboard to DraftKings’ framework. In January 2022, DraftKings fully rolled out its mobile betting services in the state.
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