Oregons sports betting earnings and wagering amounts both reached record highs in December.
Oregon’s betting earnings hit a new peak in December, with gamblers spending a record $73.2 million (£57.7 million/€67.3 million) on sports betting that month.
The December wagering volume surpassed the prior record of $71.9 million set in October 2023, and was also up 38.1% compared to Oregon’s $53.8 million wagered in December 2022.
American football was the biggest draw for bettors, attracting $23.1 million in wagers. Basketball betting reached $16.5 million, soccer $3.3 million, and hockey $2 million.
In terms of bet types, $48.1 million of the total wagered was on single bets, with the remaining $25.1 million being parlay bets.
Earnings for December reached $9.7 million.
As for the gross gaming revenue from betting, December reached $9.7 million, another new peak for Oregon.
The month’s figures were 14.1% higher than the existing record of $8.5 million set in October 2023, and also up 70.2% compared to December 2022’s $5.7 million.
Broken down, American football betting revenue was $3.5 million, basketball $2.9 million, and soccer $605,891. Parlay bets generated $5.7 million in revenue, while single bets generated $4 million.
DraftKings continues to dominate in Oregon.
All betting in Oregon is through DraftKings, the state’s only sports betting operator.
The Oregon Lottery swapped its internet sports wagering platform Scoreboard with DraftKings in January 2022, which was gradually eliminated in 2022. At this time, DraftKings is the only legal sports betting platform for players.
The Oregon Lottery Commission unanimously endorsed the move from the SBtech-powered Scoreboard platform in August 2021, following DraftKings’ acquisition of SBTech in December 2019.
The Oregon Lottery has been running its Scoreboard platform since October 2019 when the state opened its legal market.
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