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Oregon sports betting revenue up 293.0% YoY in May but down from April


The Oregon Lottery has reported a 293.0% year-on-year increase in sports betting revenue to $2.4m in May, while the US state’s handle also jumped 280.8% to $27.7m.

Gross gaming revenue (GGR) from the DraftKings-powered Scoreboard sportsbook was significantly higher than the $598,061 generated in May 2020, though last year’s figures were impacted by the novel coronavirus (Covid-19) pandemic, with players’ betting options limited due to the cancellation of many sports events.

However, revenue in May was down 11.1% from the $2.7m posted in April this year.

In terms of consumer spending, the state’s handle grew significantly year-on-year, with the $27.7m wagered by players in May also 9.5% higher than the $25.3m bet in April.

Basketball remained by far the most popular sport to bet on in May, with players spending $16.2m during the month, resulting in $1.5m in GGR.

Baseball accounted for $4.6m of all bets placed in May, with $216,694 in revenue, followed by soccer with $2.4m wagers and $245,843 in revenue.

Looking at bet types, $21.0m of total spend in May was attributed to single and teaser bets, compared to $7.7m on combo and systems wagers.

While the amount wagered on in-play and pre-match bets was almost level, significantly more wagers were placed before the event (510,989) compared to live wagers (280,188).