Oregon Becomes 23rd State to Hit $3 Billion in Sports Bets

• Oregon sportsbooks have accepted more than $3.01 billion in bets since launching in 2019.
• Monthly handle hit a record $90.2 million in December 2024, driven by NFL wagering.
• Since switching to DraftKings, Oregon’s sports betting revenue has surged nearly 50%.

SALEM, Ore. – Oregon sportsbooks have crossed the $3 billion mark in total wagers accepted, after the Oregon Lottery filed May’s figures.

Signaling a major milestone for one of the nation’s more unique legal sports betting markets, Oregonians have placed $3.01 billion in bets, generating $322.5 million in sportsbook revenue and over $161 million in tax contributions to the state.

The growth trajectory has been nothing short of dramatic. In its launch month, the now-defunct Scoreboard app reported just $5.6 million in handle. Fast forward to May 2025, and monthly betting totals have ballooned to $80.6 million. After a modest $45.3 million in bets during its partial debut year, Oregon’s market swelled to $864.7 million in 2024 alone, marking the most robust full-year performance yet.

• Data for 2025 is accurate through May 31, 2025

DraftKings Era Boosts Growth

A turning point came in January 2022, when Oregon transitioned from its in-house Scoreboard app to DraftKings Sportsbook. That year alone saw a 50% increase in handle, from $331.6 million in 2021 to $498 million in 2022.

Revenue also jumped by nearly $20 million, likely due to improved user experience and more aggressive marketing by DraftKings.

Likewise, the betting calendar in Oregon shows clear seasonal trends. September to January, coinciding with NFL betting and the college football season, consistently drive the largest volume, peaking in December 2024 with a record $90.2 million in handle.

Meanwhile, low points like April 2020 ($4.4 million) reflected the impact of COVID-19 on sports betting from shutdowns. But the market rebounded strongly, aided by the accessibility of mobile betting.

Revenue and Hold Trends

Over the nearly six-year span, Oregon sportsbooks have posted an average hold rate of 10.71%, with recent months in 2025 showing even higher retention. At 13.05% through May, that has resulted in $49.4 million in revenue already this year, putting 2025 on pace to top previous records.

• Data for 2025 is accurate through May 31, 2025

The state has now collected more than $161.2 million in tax benefits, a significant amount allocated to education, economic development, and responsible gambling initiatives, as per Oregon Lottery guidelines.

Oregon’s single-operator system offers regulatory simplicity, though some argue it limits consumer choice compared to other states with legal sports betting. Either way, Oregon became the 23rd state to eclipse the $3 billion milestone, with West Virginia poised to be #24 in the coming weeks.

Similar Story: Mississippi Sportsbooks Surpass $3 Billion in Betting Handle

News tags: College Football | DraftKings | Mississippi | NFL | Oregon | West Virginia