Oregon October Sports Betting Handle Improves by 12.5%
Despite having a single source sports betting market run by the state lottery, Oregon had increases in total sports handle and revenue in October.
Oregon, which doesn’t give bettors options beyond its lottery-run Scoreboard app, set another total sports betting handle record of $29.45 million in October, according to figures posted Friday on the Oregon Lottery website.
That’s an increase of just under $3.3 million over September ($26.17 million), a 12.5% rise. October’s sports betting revenue improved $2.75 million, up 80.1% from September’s $1.52 million.
Football was the most-bet sport in October with $12,188,280 in handle. Baseball ($4,853,500), basketball ($4,441,964), soccer ($3,511,838) and table tennis ($1,233,676) rounded out the top five sports, according to the state report.
By betting activity, Oregon saw 258,141 of the total bets made (903,187) from live bets or those placed within the duration of a betting event. The remaining bets, 645,046, were placed before the starting date or time of the event.
Oregon Sports Betting Revenue & Handle, October vs. September
|Change||Up 12.5%||Up 80.1%|
Oregon Missing an Opportunity
The Pac-12, home to the Oregon Ducks and Oregon State Beavers, returned to its college football season on Nov. 6-7, but you can’t bet on college sports in Oregon on the lottery’s Scoreboard app. College wagers can be placed at sportsbooks in the state’s tribal casinos.
The Ducks are ranked 11th nationally and have started the season 2-0. Oregon State is 0-2.
If Oregon continues to win and becomes a candidate for the college football playoffs, the state will be losing out on revenue on the Scoreboard app.
In addition, Oregon has seen some of the same problems that states with lottery-run sports betting operations offering one option for consumers have had to deal with. Poor odds and technical difficulties have been some of the recent issues.
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