Oregon online sports betting handle reaches $39.5m in February

The amount spent during February was 33.5% higher than in the same month last year but 7.9% behind the record $42.9m set in January of this year.

The Oregon Lottery, in partnership with DraftKings, is the only licensed operator of online sports betting in the state.

The lottery’s current Scoreboard online sportsbook, powered by DraftKings through its SBTech division, is currently being phased out in order to be replaced by the standard DraftKings sportsbook. This process began on 18 January, with players able to create a new DraftKings account and move funds across.

As such, the monthly results were split in half to show activity on the DraftKings sportsbook and from any remaining players still with Scoreboard.

Spending with DraftKings in February amounted to $39.2m, while the remaining $273,328 was wagered through Scoreboard.

Looking at gross gaming revenue, this reached $3.3m, which was 22.2% up from $2.7m in February 2021 and also 37.5% higher than $2.4m in January this year. However, it was some way short of the $4.4m monthly record set in November 2021.

Of this total, almost all of it was attributed to the DraftKings sportsbook, while Scoreboard incurred a small loss of $8,185.

In terms of activity, basketball was the most popular sports to bet on in February, attracting $20.2m in total wagers. Football followed with $5.1m, then ice hockey with $4.3m.

Single and teasers were the most popular bet types with consumers across both DraftKings and Scoreboard during the month, accounting for $28.1m in bets on DraftKings and $267,151 on Scoreboard.

In contrast, parlay betting on DraftKings reached $11.1m and just $6,177 on Scoreboard.