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Oregon sees strong year-end with new sports betting revenue record

News

The Oregon Lottery has revealed that its Score Board sports betting application set a new record for gross gaming revenue (GGR) in November, while the state also saw strong levels of wagering activity in December.

GGR in November amounted to $4.1m, surpassing the previous monthly record of $2.8m set in October 2020 by 46.4%.

This came despite players wagering less than in the previous month, with the total $25.0m spend in November being 15.3% lower than the $29.5m bet in October.

Some 823,483 bets were placed in November by 22,989 unique active players, with the average wager amount standing at $30.41 for the month.

Football was the most popular sport among players, with $14.7m wagered in November, resulting in $3.2m in GGR. Soccer followed in a distant second with $3.8m in wagers and $207,663 in GGR, then basketball on $2.2m in bets and $166,415 GGR.

Some 601,546 bets were placed before events, compared to 221,937 in play, while 527,412 wagers were single and teasers bets, ahead of 296,071 combo and systems bets.

This was followed by a decline in revenue for December, though Score Board did see handle rise for the month.

GGR in December reached $3.1m, down 24.4% from November’s $4.1m total, but the state’s monthly handle was up 8.0% to $27.0m.

The number of bets placed also increased by 2.4% to 843,235 month-on-month, with a higher average bet of $32 across 21,988 unique players.

Football was again the primary sport of choice for players, with some $12.3m being wagered during the month, leading to $1.6m in GGR.

Basketball surpassed soccer to be the second most popular sport for the month, attracting $8.3m in bets and generating $753,698 in GGR, with soccer placing third on $3.1m in wagers and $358,752 in GGR.

In terms of bet types, 572,284 wagers were placed before matches, compared to 270,951 during play, while 550,118 bets were single and teasers wages, with the other 293,117 being combo and systems.