Oregon June Sports Betting Handle Down 10%, But Revenue Rises

Oregon June Sports Betting Handle Down 10%, But Revenue Rises
© PA

After two months of seeing increased sports betting handles, Oregon saw its overall handle fall in June.

According to figures released by the Oregon Lottery on Wednesday, the state’s total sports betting handle came in at $24.9 million, down 10.4% from $27.8 million in May. Despite the lower handle, revenue in the state increased 20.9% to $2.8 million from May’s $2.3 million.

RELATED: More about Oregon sports betting and gaming

Oregon’s record for a month — $34.9 million — was set in January.

Basketball Top Sport

Thanks to the NBA playoffs, basketball remained the most wagered on sport in Oregon for June. Basketball took in $12.9 million in wagers and was followed by baseball ($5.5 million), soccer ($2.4 million), hockey ($933,670) and tennis ($876,014) to round out the top five. The first four sports were the most bet on for May, with tennis ousting MMA for the fifth spot in June. Parlay bets accounted for $5.4 million in wagers.

Oregon residents only had two chances to back the hometown Trail Blazers in the NBA playoffs. The Trail Blazers dropped the fifth and sixth games in their 4-2 series loss to the Denver Nuggets on June 1 and June 3.

Oregon is a single-source sports betting market overseen by the Oregon Lottery. Unlike states with multiple operators that give bettors a wide range of options, Oregon residents are limited to betting through the Oregon Lottery system.

Oregon Sports Betting Revenue & Handle, June vs. May

June$24.903M $2.842M
May$27.780M $2.350M
Change Down 10.4% Up 20.9%

House Bill 2127 Languishes

The sports betting market in Oregon doesn’t look like it will change anytime soon. For the fifth consecutive month, no action was taken on House Bill 2127, which would make the Oregon Racing Commission the new sports betting regulator. This would likely open up Oregon’s market and offer more online and retail sports betting options in the state.

The bill had a first reading on Jan. 11 before being referred to the speaker’s desk. Next, it was referred to the House Committee on General Government on Jan. 19, but the legislation has not seen any action since, according to the state legislature site.