Oregon Sports Betting Ready To Make Its Return

• Oregon sports betting is projected to launch by the start or early on in the NFL season.
• Lottery officials believe that $300 million will be wagered in the first year.
• Only betting on professional sports is permitted as collegiate wagering will require law changes.

SALEM, Ore. – Oregon was one of the few states that were somewhat unaffected by the repeal of PASPA in May 2018.

Because the state’s lottery used to host a parlay game that allowed residents to wager on professional football and basketball, the state legislators did not need to convene to introduce any sports betting laws. With this, Oregon has been planning to relaunch the industry and that launch date is coming sooner than later.

On Wednesday, Oregon Lottery officials progressed further into their timeline by moving closer to the “go live” launch stage.

July was spent seeding the market and finalizing the sports betting app, which is powered by SBTech and will aptly be named “Scoreboard”.

Whether utilizing the app or wagering on the lottery’s website, bettors in Oregon over 21 will be able to wager on professional sports ranging from the NFL, NBA, and MLS, all the way to sports like international cricket.

Collegiate betting has yet to be approved but the lottery officials are adamant that it will make an appearance in the future.

Bettors will also have the option to place their wagers at lottery retailers, as the lottery expects the beginning of the NFL season to be the launch date.

According to the lottery, bettors can wager as little as $1 on any action and there is no current maximum set in place.

Bettors will be restricted to wagering inside Oregon state lines only, as this is the norm across every legal sports betting state, falling in line with the Federal Wire Act.

Funding methods will include credit cards and PayPal and bettors will be able to place straight wagers, parlays, teasers, futures, prop bets, and more.

The money collected from losing wagers will be sent to the state to help fund the Public Employee Retirement System.

Officials estimate that, with a betting handle projected to be north of $300 million in the first year, the state could receive as much as $15 million with the addition of legal sports betting.

News tags: Oregon | Oregon Lottery | PASPA | PayPal | Public Employee Retirement System | SBTech | Scoreboard | Wire Act