Sports betting

Oregon sports betting revenue up 293.0% YoY in May but down from April

| By Robert Fletcher
The Oregon Lottery has reported a 293.0% year-on-year increase in sports betting revenue to $2.4m (£1.8m/€2.0m)in May, while the US state’s handle also jumped 280.8% to $27.7m.

Gross gaming revenue (GGR) from the DraftKings-powered Scoreboard sportsbook was significantly higher than the $598,061 generated in May 2020, though last year’s figures were impacted by the novel coronavirus (Covid-19) pandemic, with players’ betting options limited due to the cancellation of many sports events.

However, revenue in May was down 11.1% from the $2.7m posted in April this year.

In terms of consumer spending, the state’s handle grew significantly year-on-year, with the $27.7m wagered by players in May also 9.5% higher than the $25.3m bet in April.

Basketball remained by far the most popular sport to bet on in May, with players spending $16.2m during the month, resulting in $1.5m in GGR.

Read the full story on iGB North America.

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