The Oregon Lottery has released its latest monthly revenue report revealing that the state-run Scoreboard sportsbook accepted $33.7 million in wagers during the month of December.
December saw sports betting activity in the state grow by just over 3% as Oregon gamblers wagered around $1 million more than the previous month. However, December still fell short of the state’s record month of October which saw local sports fans wager $37.6 million during the month.
The NFL and college football pulled in over $11.1 million in wagers from 380,492 individual bets, approximately the same as the previous month. However, Scoreboard reported a win margin of just 5.4% from football bets. This resulted in gross gaming revenue (GGR) of just $603,597 directly attributed to football. This was significantly less than the $2.7 million reported in the previous month from roughly the same number of bets.
Basketball was the next most popular sport at sportsbooks as gamblers placed 334,440 individual bets on the NBA and college basketball. Despite a lower number of bets placed, wagers on basketball were worth more than football at $15.5 million. A win margin of 8.49% saw Scoreboard report GGR of $1.3 million from basketball alone.
Despite the higher overall handle, there were 923,793 individual wagers placed during the month, down from the 1 million+ bets placed in October. This resulted in GGR of $2.6 million, a drop of 40% on October’s figure.
End of year revenue figures
The lottery also released its end-of-year sports betting revenue figures revealing that Oregon gamblers placed 9.8 million wagers worth a combined $331.6 million during 2021. Scoreboard reported a yearly win margin of 9.17% resulting in GGR of $30.4 million for the calendar year.
Basketball was the most popular sports throughout 2021 attracting 3.5 million wagers worth $138.6 million. Meanwhile NFL and college football betting pulled in 2.2 million wagers worth a combined $62.4 million.
DraftKings set for takeover
December was Scoreboard’s final full month of sports betting as the state-run operator will now step aside to allow DraftKings Inc. take over on January 18th.
Oregon’s sports betting legislation allows for only one sports betting provider to operate in the state and in August 2021, the Oregon Lottery Commission voted to switch its mobile sports betting operator from Scoreboard to DraftKings.
The company announced yesterday that the migration was already underway and that current Scoreboard customers would be able to open a DraftKings account and transfer funds directly from their old Scoreboard account.
Speaking of the upcoming launch, Paul Liberman, co-founder and President Global Technology and Product at DraftKings said:
“DraftKings is thrilled to embark on this journey with the Oregon Lottery as we build out a coast-to-coast presence with our top-rated online sportsbooks for these fans to experience ahead of the NFL playoffs and Super Bowl. The Oregon Lottery shares our innovative spirit as one of the most progressive organizations in the real-money gaming sector, and together we look forward to delivering the exceptional online sportsbook products that Oregonians have been anticipating.”
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.
