Players Go All-In: Record-Breaking $73.2 Million Wagered
In a stunning display of growth, Oregon’s sports betting industry has hit a new high with players wagering an eye-popping $73.2 million in December alone. This massive figure outpaces the previous record set just two months prior, marking a 38.1% jump from December 2022’s bets. It’s clear that Oregonians are not holding back when it comes to laying down their bets.
Touchdown for American Football: Top Choice for Bettors
American football has scored big, becoming the MVP for bettors in Oregon with $23.1 million in wagers. Basketball is hot on its heels with $16.5 million, while soccer and ice hockey also drew impressive plays. The numbers reveal a state with a hearty appetite for a variety of sports and the willingness to stake cash on their outcomes.
Single vs. Parlay: Betting Styles Clash
The betting strategy of choice for many seems to be single bets, raking in $48.1 million of the total wagered amount. Yet, parlay bets, which combine multiple selections into one larger bet, also had a strong showing with $25.1 million. This indicates a mix of betting philosophies among Oregon’s wagering enthusiasts.
Revenue Records Shattered: $9.7 Million in December
It’s not just the bets that are breaking records; revenue is soaring too. In December, the gross gaming revenue from sports betting hit a staggering $9.7 million, a 70.2% increase from the previous year. American football once again led the charge in revenue generation, proving that sports betting is a lucrative game for the state.
DraftKings: The Lone Wolf of Oregon Sports Betting
Since taking over from the Oregon Lottery’s Scoreboard in 2022, DraftKings has been the one and only name in Oregon’s sports betting game. Thanks to a strategic acquisition and a unanimous commission approval, DraftKings has secured its spot as the go-to platform for Oregon’s bettors, offering a plethora of betting options.
A New Era for the Oregon Lottery
The Oregon Lottery, a pivotal figure since sports betting’s legalization in 2019, initially facilitated bets with its Scoreboard platform. But with DraftKings’ entrance, the Lottery waved goodbye to its online sportsbook, passing the torch to DraftKings to lead the market.
A Bright Future Ahead for Oregon’s Betting Landscape
The thrill of sports betting in Oregon shows no signs of waning, with both the state and bettors poised for even greater success. As revenues climb and records fall, the state’s experience could very well become a model for others to follow. With DraftKings at the helm, the sky’s the limit for Oregon’s sports betting prospects.