Oregon sets sports betting revenue and handle records in December

Players in Oregon spent a record $73.2m (£57.7m/€67.3m) betting on sports in December, while revenue in the Beaver State also hit an all-time high.

The December handle surpassed the previous record of $71.9m, set in October of 2023. It was also 38.1% higher than the $53.8m wagered in Oregon in December 2022.

American football was the biggest draw for bettors, attracting $23.1m in wagers. Basketball bets hit $16.5m, football $3.3m and ice hockey $2.0m.

As for bet type, $48.1m of total wagers were single bets, with the remaining $25.1m parlay wagers.

December revenue hits $9.7m

As for gross gaming revenue from betting, this amounted to $9.7m in December, another new record for Oregon.

The monthly figure beat the existing record of $8.5m in October 2023 by 14.1%. It is also up 70.2% from $5.7m in December 2022.

Breaking this down, $3.5m of revenue came from American football bets, $2.9m basketball and $605,891 football. Parlay bets generated $5.7m in revenue and single wagers $4.0m.

DraftKings continues solo in Oregon.

All bets in Oregon are through DraftKings, the sole sports betting operator in the state.

The operator replaced the Oregon Lottery’s Scoreboard online sportsbook in January 2022, with the latter phasing out in 2022. DraftKings is now the only sportsbook where players can place legal bets.

The migration from SBtech-powered Scoreboard was unanimously approved by the Oregon Lottery Commission in August 2021. This was made possible by DraftKings’ acquisition of SBTech, agreed in December 2019.

The Oregon Lottery has been operating its Scoreboard platform since October 2019 when the state opened its legal market.

Original Article