- The Oregon Lottery has announced its intentions to have the DraftKings brand operate the state’s single sports betting site.
- DraftKings and SBTech combined in 2020 when they were bought out by Diamond Eagle Acquisition Corp.
- Oregon sports betting revenue has been underperforming since its launch in October of 2019.
SALEM, Ore. – DraftKings Sportsbook appears to be in line to take over the reins as the one and only online sports betting site in Oregon.
During a meeting on Friday, Oregon Lottery Director Barry Pack hinted at the possibility to transition from the state’s current sports betting provider SBTech to DraftKings.
“In Scoreboard news, with all of the events over the last year, you may have missed that our Scoreboard platform partner SBTech was purchased by DraftKings,” said Pack. “DraftKings is well-established in the US and this presents a lottery with opportunities, including benefitting from the economies of scale offered by the company. We are in initial discussions with them about a new contract to transition Scoreboard off the SBTech platform and onto the DraftKings platform, as well as any other potential products and services. It is likely I will be coming to you in the March meeting for approval of a major procurement for this purpose.”
DraftKings currently operates in 11 states with legal sports betting and are the single sports betting operator for the state of New Hampshire.
What This Could Mean For Oregon Sports Betting
The relationship the Oregon Lottery currently has with SBTech started out rough and their ability to work with DraftKings may smooth things over.
In January of 2020, SBTech tried suing the Lottery for trying to release their contract to the public. That contract revealed that the state government was giving away half of the overall revenue from sports betting to SB Tech.
By February of 2020, only four months since the launch of Scoreboard (the state’s single online sports betting site), the state announced it was on pace to net $5.3 in losses during the first fiscal year of its operation.
While details of a new contract with DraftKings haven’t been announced, the possibility of renegotiations may exist. But even if they don’t, DraftKings may likely raise the Oregon sports betting handle by namesake alone.
In New Hampshire where DraftKings operates unopposed, the state was able to bring in more in total sports betting handle than Oregon in 2020 despite having a smaller population. New Hampshire has a total population of about 1.3 million while Oregon has approximately 4.2 million.
– In his career, Hasan has worked both local and state government positions—including the Attorney General’s Office in Florida. On top of being familiar with the legislative process, he has also been researching and writing on the legality of sports betting across the US. Outside of work you’ll most likely find him producing or playing music, playing sports, or working on creative writing projects. You’ll also catch him at Doak Campbell Stadium cheering on the Noles.