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Oregon sets new betting handle record despite registration drop

News

Oregon’s sports betting app Scoreboard has recorded sports betting handle of $37.6m for October – a record figure up from $25.1m in September and $29.5m from October 2020.

Gross gaming revenue (GGR) came to $3.0m for the month of October, representing a 7.1% increase on the same time last year.

This revenue figure is also a significant increase on the prior month – up 130.8% on the $1.3m generated by the DraftKings-powered app in September.

Despite a decrease in registrations month-on-month from 3,208 to 2,873, the number of bets placed increased 47.4% to 1.1 million.

The number of active players also increased month-on-month and year-on-year, reaching 27,781 in October – up from 24,965 in September and 24,562 in October 2020.

The average amount wagered increased slightly, rising to $33.50 from $32.80 in September and $32.60 last October.

Football continued to be the most popular sport among players, attracting 546,114 bets and generating $984,901 in revenue. Basketball was the second most popular with 205,170 bets and revenue of $824,758. Baseball rounded out the top three with 124,839 wagers and $421,984 of revenue.

Boxing wagers increased 657.0% month on month, the fastest growth for any sport, coinciding with the headline fight between Tyson Fury and Deontay Wilder.