Oregon sports betting revenue and handle both up in July

Consumers in the state wagered $28.5m on sports during the month, up 60.0% from $18.2m in the corresponding month last year but 16.2% lower than $34.0m in June of this year.

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.

All revenue was generated by DraftKings, with Scoreboard posting a small loss of $190 for the month. The Oregon Lottery’s 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 again proved the most popular sport among consumers, drawing $14.0m in total bets, leading to $1.7m in gross gaming revenue. All this activity took place via DraftKings.

DraftKings also took $3.2m in bets on soccer, with revenue at $251,804, while tennis wagers also hit $3.2m and revenue $215,644. Bets on other sports amounted to $5.6m and revenue $465,506.

Scoreboard only processed $349 in total wagers - $20 on tennis and $329 on other sports – and the only revenue was $20 from tennis betting, with other sports betting generating a $120 loss.

Looking at bet types, DraftKings took $21.0m in single and teaser bets and $7.5m worth of parlay bets. For Scoreboard, $320 of bets placed were single and teasers, while just $29 in parlay wagers were processed during the month.