The first financial report for Oregon’s betting market is finally here.
According to figures from the Oregon Lottery, Oregon bettors wagered a total of $5.6m on sports via the state lottery’s betting app, Scoreboard, in October.
In terms of revenue, the Oregon Lottery managed to hold on to just $218,000 which translates into a 3.9% hold.
As the Lottery launched the app in-mid October, the figures only represent handle and revenue generated for the second half of the month.
Online sports betting in Oregon
The Oregon Lottery launched its mobile betting app and website on October 16, marking the first time a mobile betting app launched before a commercial land-based sportsbook.
Bettors with Apple devices can download the app via the App Store while Android users can download the app using a direct link found on the Oregon Lottery’s website. Scoreboard can also be accessed via the Oregon Lottery’s website on desktop computers and tablets.
Besides Nevada, Oregon is the only other state on the west coast to offer a form of online sports wagering.
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.
