Oregon Sees May Sports Betting Handle Increase Nearly 10%
For the second straight month, Oregon saw an increase in sports betting handle over a month-to-month period.
May’s sports betting handle came in at $27.8 million, up 9.7% from April’s $25.3 million, according to numbers released Friday by the Oregon Lottery. Despite the larger handle, revenue in the state decreased 13.9% from April’s $2.7 million to $2.4 million in May.
After a record handle of $34.9 million in January, Oregon saw lower sports betting handles in February ($29.6 million) and March ($24.1 million) before the increase in April and May.
Oregon does not allow college sports betting on its Lottery Scoreboard mobile app. Residents must travel to one of two tribal casinos in the state to bet on college contests.
Similar to April, the most wagered on sport in the state remained basketball, taking in $16.1 million in wagers. The rest of the top five remained the same from a month ago, with baseball ($4.6 million), soccer ($2.4 million), hockey ($1.5 million) and MMA ($750,194) rounding out the top five. Parlay bets accounted for $6.7 million, up from April’s $6.6 million.
Unfortunately for NBA bettors in Oregon, the Portland Trail Blazers were eliminated in the first round of the playoffs Thursday night by the Denver Nuggets.
Oregon is a single-source sports betting market that’s run by the Oregon Lottery. The state’s system limits the options for its residents compared to other states that feature numerous operators in a competitive market.
Oregon Sports Betting Revenue & Handle, May vs. April
|Change||Up 9.7%||Down 13.9%|
Still No Action on House Bill 2127
For the fourth consecutive month, there was no action on House Bill 2127. The bill would transform the sports wagering landscape in Oregon by making the Oregon Racing Commission the new regulator of the state’s sports betting market. This would result in more operators and allow mobile and retail sports betting in the state.
The bill had its first reading on Jan. 11 before it was referred to the speaker’s desk. It was eventually referred to the House Committee on General Government on Jan. 19, but the bill has not seen any movement since, according to the state’s legislature site.
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