Oregon Sports Betting Revenue Up In Nov. Despite Lower Handle

Oregon made a record in monthly revenue for November, seeing over $4 million for the month.
Year-to-date revenue totals for the Beaver State are posted at $17 million.
Football continues to reign as the biggest sport for gambling activity, accumulating 59% of November bets on the Oregon Lottery’s Scoreboard application.

SALEM, Ore. – Oregon sports betting saw less activity for the month of November when compared to October but there was an increase in overall revenue despite the lack of wagers.

Sports bettors that engaged in gambling on the games were less lucky this time around, resulting in the imbalance of numbers reported.

As is the standard for this time of year, football was the sport to see the majority of wagers, accounting for 59% of all bets placed in November.

The Oregon Sports Betting Report

In October, Oregon bet $29.455 million on sporting events and had $2.751 million in revenue. November was 15% behind in handle at $25.040 million but their revenue was up almost 50% month-over-month with $4.116 million brought in by the sports betting market.

The November revenue created a record for Oregon as the highest amount they’ve acquired since making gambling on sports a legal pastime. The hold percentage for the month landed at 16.44%.

Oregon is still limited with their sports wagering industry as residents are mostly confined to using the Oregon Lottery’s Scoreboard application for all of their gaming activities.

Scoreboard does not allow for collegiate sports betting in Oregon so fans of the Oregon Ducks and the Oregon State Beavers are at a loss for wagering on these teams.

This is a major disadvantage because the state sees huge followings for their college teams because they are not home to any NFL organization.

Fans can always travel to a Tribal sportsbook in the state and wager on the Ducks or the Beavers but the revenue reports come strictly from the activities of Scoreboard. NFL sports betting saw $14.7 million wagered in November over the $12.2 million bet in October. On average, gamblers wagered $30.41 on football bets.

The second most popular sport to gamble on in Oregon was soccer, taking in $3.8 million, then basketball with $2.2 million, table tennis with $1.4 million, and mixed martial arts (MMA) brought in $824,756.

These were the top five most bet on sports for the Beaver State in November with various other smaller sports making up for the rest of the handle.

Scoreboard took 221,937 wagers in November with 823,483 of those coming from live in-game betting. So far, the year’s total for sports betting revenue has brought in $17 million for Oregon.

The Outlook For Oregon

As football season heats up, more wagers can be expected to increase the handle that the Beaver State sees with their December numbers.

It’s been speculated that the decrease in activity for the month of November could be due to both the MLB and NBA finishing their seasons.

However, with Scoreboard being the only state-sanctioned mobile sports betting platform for Oregonians to utilize at the moment, it’s doing very well for itself as the numbers don’t lie.

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Christina Monroe

Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.