Oregon sports betting handle sees growth

  • The Oregon Lottery Commission reports major gains in June from sports betting revenue.
  • The bulk of the revenue came from the SBTech-powered mobile sports betting app.
  • The majority of the betting handle came from soccer, MMA, and table tennis.

SALEM, Ore. – Oregon has seen massive increases in the sports betting handle in June. The Beaver State saw $7.9 million being wagered on sports.

The bulk of the bets came from residents betting on MMA fights, soccer matches, and table tennis games. This is attributed to the lack of other major sporting events like the NBA or MLB not being in the lineup quite yet.

Table tennis specifically was the most bet on sport in Oregon in June, taking in $2.8 million in the betting handle.

Oregon Sports Betting

Oregon sports betting took a major hit earlier in the year due to the COVID-19 outbreak causing major shutdowns.

The grown from May to June is showing promise, however, with thousands in revenue increase reported by the Oregon Lottery.

The reports show that betting handle is up to $7.9 million from $7.3 million in May, with betting revenue up to $777,903 from $598,061. The reports show that the big revenue stream mainly came from bets placed on table tennis, soccer, and MMA fights.

From the $2.8 million wagered on table tennis, Oregon took in $178,579 in revenue, from the $1.9 million in soccer betting handle Oregon took in $239,360 in revenue, and from the $1 million wagered on MMA fights Oregon took in $205,695.

The report also shows that 7,782 unique players, 674 being first-time bettors, placed bets in June which amassed to 258,565 wagers. The average value of all the agers was $30.64.

The bulk of the betting handle game from live in-game bets which accounted for $4.5 million in the betting handle and $316,721 in revenue.

Oregon actually made more in revenue from the $3.4 million bets in pre-game wagers which were $461,181. Oregon is expected to see even bigger numbers in July and the months following with sports slowly returning.

Legal sports betting in Oregon has already shown to be a major market for betting action and having major sports return should only further prove that.

News tags: | | | | |