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Oregon sports betting revenue falls in August


Oregon’s SBTech-powered betting app Scoreboard brought in a revenue of $1.0m in August, a month-on-month decrease of 51.0% and down 42.1% year-on-year.

Handle came to $17.6m for the month, a 2.7% drop compared to July. This was also significantly less than the $25.8m that was wagered in August 2020.

The number of active players for the month totaled 12,863, down 31.6% in comparison to July and also down 25.6% year-on-year.

The average bet amount came to $38.61, up 6.8% from July and 23.3% from the previous August.

Baseball took in the highest betting handle, at $7.5m. It was also the sport with the highest betting handle in July, with a significant month-on-month increase of 20.7%. The year-on-year increase was 70.8%. A total of 198,276 bets were placed on baseball in August, while the total revenue for the sport came out at $344,459.

Soccer brought in the second most turnover at $2.8m, a monthly increase of 10.3%. A total of 89,135 bets were placed, another rise of 6.1%. It also brought in $193,614 in revenue, which was down by 24.1%.

Basketball was the third most popular sport to bet on, generating a turnover of $1.9m and revenue of $126,171. These were decreases of 58.9% and 84.4% month-on-month respectively. In total, 33,606 bets were placed on basketball throughout August, down by 70.6%.

The remaining bets were made up from 28 other sports, including cycling, rugby union and hockey.

Last month, it was announced that Oregon Lottery’s Scoreboard product was to be migrated to DraftKings instead of SBTech, an option that became available after DraftKings acquired SBTech in 2020.