Finance

OR sets betting handle record in September, but GGR declines

1 minute read
Oregon’s SBTech-powered Scoreboard sportsbook set another record for handle at $26.2m in September, but saw revenue fall by 8.1% to $1.5m thanks to a negative margin for football bets.

Oregon’s SBTech-powered Scoreboard sportsbook set another record for handle at $26.2m in September, but saw revenue fall by 8.1% to $1.5m thanks to a negative margin for American football bets.

In total, 22,252 active players placed 839,162 bets, up 1.7%, with an average stake of $31.19, down 0.4%.

The app signed up 4,364 new customers during the month. 

With the National Basketball Association playoffs occurring through September, basketball was the most popular sport, with turnover of $8.0m, but this was down 43.8%. From this total, Scoreboard took $675,000, down 23.3%.

The return of the National Football League vaulted American football into second in terms of handle, bringing in stakes of $7.2m, more than 1,000 times the amounts wagered on the sport in August. However, Scoreboard paid out more than it took in, resulting in a loss of $148,000. While handle was lower for American football than basketball, it saw the highest number of active players and bets of any sport.

Read more on iGB North America.

Subscribe to the iGaming newsletter