Oregon sports betting revenue and handle both grow in April

| By Robert Fletcher
The Oregon Lottery reported a year-on-year increase in sports betting revenue and handle for the state’s regulated market in April.
Oregon reaches sports betting handle record

Gross gaming revenue for the month amounted to $3.8m (£3.1m/€3.7m), which was 40.7% higher than $2.7m in the same month last year and also 5.6% up from $3.6m in March this year.

In terms of handle, players wagered a total of $42.9m on sports betting during the month, an increase of 69.6% from April 2021 and 18.5% from $36.2m in March 2022.

DraftKings, which has a state-wide partnership with the Oregon Lottery, generated $3.8m in revenue from $42.9m in total player bets in April.

In contrast, the Oregon Lottery’s Scoreboard online sportsbook – which has been phased out to be replaced by DraftKings but still pays out on bets placed before this phaseout – took $39,297 in wagers and posted a $3,220 loss for the month.

Looking at player behaviour, basketball was the most popular sport to bet on, drawing $22.1m in wagers on DraftKings and $32,995 with Scoreboard.

Baseball followed with $7.8m in wagers on DraftKings and $108 on Scoreboard, then soccer at $3.7m with DraftKings and $259 on Scoreboard.

As to the type of bets players were placing in April, $31.3m of the total wagers placed with DraftKings were singles and teasers, while the remaining $11.6m of wagers were parlay bets.

This betting pattern was similar on Scoreboard, with $38,548 worth of single and teaser bets placed, while just $759 of wagers were parlay bets.

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