Oregon Sees 27% Decline in July Sports Betting Handle
Oregon’s sports wagering figures tumbled in July with just $18.2 million in handle. That was a 27% drop from June’s $24.9 million.
Correspondingly, revenue also slid badly to $2.17 million in July, down 23.5% from June ($2.84 million). The hold was nearly 12%.
Among individual sports, baseball attracted the most handle, $6,262,356 followed by basketball $4,743,827; soccer $2,626,432; MMA $1,153,376; tennis $1,074,564. Parlay bets accounted for $3,978,294.
For Oregon gambling, the state lottery has operated sports wagering under an app with the brand name “Scoreboard” in conjunction with SBTech, a Bulgaria-based technology-sports wagering firm that has been merged into sports wagering heavyweight DraftKings.
Meanwhile DraftKings has been in discussions to take over Oregon’s so-called “single-source” sports wagering operation with the expectation that it could improve the online sports betting performance there. The idea would be for the Scoreboard app to “transition” to the DraftKings sports betting platform, according to a DraftKings announcement in late July.
Oregon Sports Betting Revenue & Handle, July vs. June
|Change||Down 27.0%||Down 23.5%|
DraftKings DFS Drops Oregon
In conjunction with efforts to take over the sports betting in Oregon, DraftKings dropped its real-money daily fantasy contests in the state, an obvious concession to state authorities. Daily fantasy sports, as a contest activity, resides in what some call a “gray“ legal area, meaning that the legality of DFS has been debated yet some DFS companies have opted to continue to operate there without a clear prohibition.
DraftKings DFS had been one of the DFS companies that operated in Oregon — until it opted to drop DFS as it pursued the presumably more lucrative sports gambling partnership (note: DraftKings said it still “respectfully disagree(s)” with the state’s DFS position). Meanwhile, rival FanDuel DFS has announced on Twitter that it will continue to serve Oregon DFS customers.
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