According to the latest monthly revenue report from the Oregon Lottery, DraftKings, the state’s only licensed sports betting operator, reported accepting an all-time record of $71.9 million in wagers throughout the month of October.
Oregon gamblers placed over $27.2 million in wagers on football during October
The latest figures mark a 17.2% increase on the previous month’s sports betting handle of $61.3 million and a 29.4% increase year-on-year. Sports bettors in Oregon have now wagered $530.5 million across the first ten months of 2023 and $1.02 billion since DraftKings took over as the state’s sole sportsbook in January 2022. The all-time wagering total now stands at $1.6 billion.
Oregon Sets All-Time Sports Betting Handle and Revenue Records in October launched in October 2019.Although not listed in the monthly revenue report, Oregon’s deal with DraftKings sees the state collect 51% of sports betting revenue. This means that taxes for the month of October were around $4.3 million.
Football Most Wagered-on Sport
According to the report, Oregon gamblers wagered $27.2 million on football. This was more than three times the amount wagered on the next most popular sport of basketball which attracted $8.1 million in bets. The month of October also saw baseball pull in $7.4 million in wagers while soccer and tennis attracted over $5 million each. Ice hockey bets for the month came to just over $2.5 million.
Historical Sports Handle, Revenues & Taxes in Oregon
*State taxes are approximate figures as Oregon does not publish tax data.
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.