Oregon sports betting revenue increased in July

Oregon sports betting revenue increased in July

In the month of June, the state’s consumers wagered $28.0m on sports, up 60.0% from the same month a year ago, but down 16.2% from the previous month.

Despite the higher handle in the previous month, gross gaming revenue from sports betting reached $2.7m, which was 22.7% ahead of the $2.2m in July 2021, and also 8.0% up from $2.2m in June this year, despite the higher handle in the previous month.

Scoreboard posted a small loss for the month, but all revenue was generated by DraftKings. The Scoreboard online sportsbook has been phased out and replaced by DraftKings, but still pays out on bets placed before this process began, meaning small negative revenue totals are expected.

Baseball drew $14.0m in total bets, leading to $1.7m in gross gaming revenue, as it was once again the most popular sport among consumers. All of this activity was done via DraftKings.

The DraftKings took in over three million dollars in bets on soccer and tennis, with revenue of over two million dollars. Revenue from bets on other sports amounted to $465k.

In terms of bet types, DraftKings took $21.0 million in single and teaser bets and $7.5 million in parlay bets. A total of $320 of bets were placed for Scoreboard, but only $29 of them were processed during the month.

Summary:

Consumers in the US state of Oregon spent over $30 million on sports betting in July, up from $18.2 million in the same month last year. The gross gaming revenue from sports betting reached $2.7 million, which was 22.7% ahead of the $2.2 million in July 2021, and also 8.0% up from the $2.2 million in June this year.