Oregon sports betting revenue dips in June

Gross gaming revenue from sports betting was down from $2.8m in June of last year and also 50.0% lower than $5.0m in May 2022.

Consumers wagered $34.0m on sports during the month, which was 36.6% higher than $24.9m in June 2021, but 18.5% down from $41.7m in May of this year.

DraftKings, which has a state-wide partnership with the Oregon Lottery, generated $2.6m in revenue from $33.9 in player bets.

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 process began – took $56,269 in wagers but posted a loss of $100,600.

Baseball drew the highest amount of spending, with players having spent $13.9m betting on the sport and revenue from this reaching $898,175. All of this activity took place through DraftKings.

Basketball followed with $7.6m in bets via DraftKings and $48,060 from Scoreboard, with revenue from DraftKings at $898,175, though Scoreboard posted a $101,357 loss.

In terms of the type of bets placed in June, $25.2 of wagers with DraftKings were singles and teasers, while the remaining $18.7m were parlay bets.

This was similar on Scoreboard, with $55,750 worth of single and teaser bets placed in the month, while just $520 were parlay bets.