Oregon Lottery sports betting stakes hit $17.1m in November

Oregon residents wagered $17.1m via the state lottery’s SBTech-powered sports betting app  Scoreboard in November, the first full month of legal mobile wagering in the state. 

In total punters placed 720,084 bets over the month, at an average stake of $23.76. From the bets settled during the period, the lottery generated revenue of $960,714, suggesting a hold of 5.14%. 

Basketball proved the most popular sport for wagering, accounting for $8.6m (50.3%) of total stakes, and from a 6.82% hold, revenue of $586,824. While football was not far behind in terms of handle, on $6.0m (35.2%), a 3.10% hold meant that it contributed $186,539 in revenue. 

These were the only two sports to generate revenue above $100,000 during November, with ice hockey the closest to that figure with revenue of $80,274, followed by soccer on $50,136. 

Read the full story on iGB North America.