Oregon Sports Betting Handle Bounces Back in December
While the Oregon sports betting handle climbed a bit higher in December than November’s total, it still didn’t reach the record total of October.
December’s total handle of $33,743,754, roughly a 3% increase from the $32.673 million in November.
While there was an increase in total handle, there was quite a difference in overall gross revenue, dropping from $4.429 million in November to $2,597,503 in December, which is an astonishing 41% decrease.
In Oregon, there is only one way to wager on sports, which is through the state lottery’s sponsored app, Scoreboard.
Oregon Sports Betting Revenue & Handle, December vs. November
|Change||Up 3.3%||Down 41.3%|
Top Sports in December
With the most popular professional team in the state is the Damian Lillard-led Portland Trail Blazers, you’d think that basketball would be the leader in sports bets. However, it ranked second on the month behind football.
Interestingly enough, betting on college sports is not allowed in Oregon, so we know the source of these football bets did not come from wagering on the Oregon Ducks and their bowl season.
In December 2021, NFL betting a total of 380,492 bets while basketball saw 334,440 bets. However, the average bet amount of basketball was $46.47 whereas football was $29.37. Even with fewer bets, the total handle for basketball was higher, as well as margin and gross revenue.
After football and basketball which were by far the leaders in bets taken, Soccer ranked third bringing in nearly 81,000 bets.
In total, there were 923,793 bets taken across the 23 markets at Scoreboard.
Of those bets, 561,021 were single wagers and teasers whereas parlay bets and other combo bets made up over 362,000.
Live betting saw a fair amount of action, too, accounting for about 32% of wagers at more than 295,000.
The Latest on DraftKings/Scoreboard Rebranding
Scoreboard is the only source for sports betting in Oregon, but will soon be taken over by DraftKings. After approving DraftKings to take over the platform in August 2021, there will be a lottery commission taking place on Jan. 28, which will certainly provide more details for the inevitable switch up.
Per the lottery, switching to DraftKings Sportsbook offers “benefits” including “improved customer experience, more attractive interface and features, simpler flow of funds through the player account, and reduced need for third-party vendors to conduct certain activities.”
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