- Sportsbooks in Maryland collected $27.7 million in betting handle.
- This is a 9.7% increase in activity.
- Sports betting revenue was $2.3 million.
SALEM, Ore. – Sports betting in Oregon has seen increases in activity for the second straight month according to the Oregon Lottery official revenue report.
Oregon sports betting benefited greatly from the Portland Trail Blazers post-season run, which brought in a slew of local NBA betting.
While sportsbooks saw more wagers, revenue did see a slight decrease overall month over month. Oregon only offers betting through its Oregon Lottery run Scoreboard mobile app, but efforts have been made to expand mobile betting in the state.
Betting On Sports In Oregon
The report released by the Oregon Lottery shows that $27.7 million was wagered on sporting events in May. This is up 9.7% month over month from the $25.3 million wagered in April.
While sports betting activity was up, sports betting revenue was down 13.9% with sportsbooks collecting $2.3 million compared to the $2.7 million wagered in April.
Oregon sports betting was dominated by those betting on basketball events mainly due to the NBA Playoffs, with $16.1 million of the total wagers coming from basketball bets. This is 59.2% of the total market for May.
With the Trail Blazers now eliminated, it will be interesting to see how betting activity is affected.
While the market for sports betting in Oregon continues to be single-sourced, local legislators are working on a bill to expand that.
With Oregon only hosting a single sportsbook, they limit themselves compared to other markets with variety. This leads to lower numbers than what could be if Oregon betting fans had multiple regulated sportsbooks at their disposal.
This is why HB 2127 is being pushed to expand the local market and allow for more sportsbooks to operate in Oregon.
There unfortunately has been no action on the bill, which was initially read on January 11, 2021. The bill would transfer the regulation from the Oregon Lottery to the Oregon Racing Commission, allowing for both mobile and retail betting as well as new sportsbooks to operate.
While the expanded legal sports betting market in Oregon has yet to get a real viewing in the legislature, there is support for the bill by Governor Kate Brown.
For now, Oregon will continue to only offer sports betting through its Scoreboard app, ultimately making the Oregon market smaller than it could be.
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.