Oregon Lottery sees betting handle and revenue rise in May

The Oregon Lottery’s SBTech-powered Scoreboard sportsbook app has begun its recovery from the sporting shutdown caused by novel coronavirus (Covid-19), with revenue and handle both rising in May.

Turnover for the Scoreboard app rose 64.5% month-on-month to $7.3m (£5.8m/€6.5m), aided by strong consumer interest in table tennis and mixed martial arts (MMA).

Table tennis, which has risen to the fore amid the suspension of other popular sports due to the pandemic, accounted for $3.8m of stakes, with customers placing 76,822 bets on the sport.

MMA, meanwhile, saw stakes grow strongly from April, rising from just $14,850 to $1.0m in May.

The return of soccer leagues such as South Korea’s K-League and Germany’s Bundesliga during the month helped amounts wagered rise to $977,485, making it the third most popular sport within Scoreboard.

In total, 223,325 bets were placed via the app, up from 139,627, with 7,763 players active as of 31 May. The average stake across all sports and markets was $32.64, up 2.9% from the prior month.

Read the full story on iGB North America.