Oregon Sports Betting Handle, Revenue Increase in April

Oregon Sports Betting Handle, Revenue Increase in April
© USA Today

After two consecutive months of sports betting decline, Oregon saw increased month-to-month handle and revenue in April.

For April, Oregon reported a sports betting handle of $25.3 million, an increase of 5.3% from March’s $24.1 million. Revenue saw an even bigger rise in April, coming in at $2.7 million (GGR), nearly doubling March’s $1.4 million, a 98.6% month-to-month increase.

RELATED: More about Oregon sports betting and gaming

After January’s record handle of $34.9 million, Oregon sports betting saw lower handles for February ($29.6 million) and March before the bounceback in April.

The state does not allow college sports betting on the Oregon Lottery’s Scoreboard app, meaning many players were not able to place bets on the NCAA Tournament in March. Residents must travel to one of the state’s two tribal casinos to wager on college games.

Basketball remained the most wagered sport in the state, receiving $13.6 million in bets for March. Baseball ($4.3 million), soccer ($2.6 million), hockey ($1.45 million) and MMA ($784,973) rounded out the top five sports in handle. Parlay bets in April amounted to $6.6 million, slightly up from March’s $6.5 million, according to numbers posted by the Oregon Lottery.

Unlike most other states, Oregon is a single-source sports betting market that’s run by the Oregon Lottery. This type of system limits options for players within Oregon compared to other states with competitive markets that feature numerous operators.

Oregon Sports Betting Revenue & Handle, April vs. March

April$25.323M $2.729M
March$24.055M $1.374M
Change Up 5.3% Up 98.6%

House Bill 2127 Still Stalled

House Bill 2127 would change the sports betting landscape in Oregon. The bill would make the Oregon Racing Commission the new regulator of the state’s sports betting, which would increase the number of operators and permit mobile and retail sports betting in Oregon.

But after the first reading on Jan. 11 before being referred to the speaker’s desk where it was referred to the general government on Jan. 19, the bill has not seen any movement, according to the state’s legislature site.

If passed, the bill could allow more operators to launch in the state, giving players more betting options compared to the state lottery’s Scoreboard app.

Betting News Articles