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Oregon online sports betting handle drops yet again
Neil is a gambling industry veteran with over 15 years experience as a content writer, editor and speaker at events. He has a Masters degree in English Literature and Philosophy and has combined this analytical inquisitiveness with a passion for sports betting and casino gaming. Neil started his career with Bettingpro.com and helped build not only that site but various others such as LiveTennis.com, LiveDarts.com and numerous other sports informational sites, including GG.co.uk and RacingTips.com He then made the transition to the North American market, working both in the UK and in New Jersey to launch various sports betting and casino sites, including AmericanBettingExperts and NewAmericanCasinos. Working with regulators, Neil has helped to review sports betting sites and also test the regulated betting apps in a professional capacity. He now works almost exclusively in the US market and is one of the main reviewers and fact checkers on SportsLens gambling content. He also speaks at various gambling conferences including ICE, iGB Live and SBC Americas and has contributed to GamblingInsider, EGR Magazine and a number of others in a consulting capacity.
All posts by Neil RoartyUpdated3 hours ago on April 25, 2024
Oregon’s online sports betting handle fell yet again in August, reporting US$28.2m, lower than July’s total of US$28.45m.
Although it’s a slight reduction on a monthly basis, it is the state’s best August on record since the online sportsbook launch in October 2019. August 2020 saw US$25.8m of wagers taken, with August 2021 reporting the state’s lowest on record with just US$17.7m in handle.
The Oregon sportsbook has undergone a revamp in recent months, with DraftKings replacing Scoreboard as the operator behind the sole legal online operator. Scoreboard financials are still being reported; although these are only ante-post bets being settled when and where appropriate and only represent very small numbers.
As expected, on a sport-by-sport breakdown, Baseball recorded the largest volume and value of wagers, given it’s the only large US sport that is currently operating in a full season. With NFL now underway in early September, the monthly figures for Oregon online sports betting should soon rebound to reach new highs under DraftKing’s new look book.
What do Oregon punters bet on?
In 2021, wagering on football grew from US$1m in August to US$9.7m in September, before reaching US$15.4m in October. The state has historically taken the largest value of wagers on basketball, but given the NBA doesn’t resume for a while longer, the rebound may not be as immediate.
Covid-19 led fixture disruption has skewed year-on-year comparisons, but the record wagered on basketball fixtures is upwards of US$23m in a month – which is nearly the entirety that has been wagered in August.
This year, with an undisrupted sporting calendar and a new-look mobile sportsbook, the state of Oregon will be looking for substantial growth in wagering and gross gaming revenue, thus giving further receipts to state.
Retail sportsbook and gaming in OG is only undertaken by tribal casinos, so data is not readily available given they do not report to the same regulatory body.
