Oregon Sports Betting Revenue 2025

Published: Dec 11, 2024, 6:13 PM
12 min read
Updated: Jul 7, 2025, 8:26 PM
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Oregon Revenue Insights

Up 28%

Oregon Revenue Sees Stronger Hold %
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+8% YoY

The state has seen an 8% increase year-over-year in monthly handle.
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Playoffs Win

The NBA/NHL playoffs helped drive revenue
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$643k in tax

Oregon earned $0.64m in tax revenue from DraftKings
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Oregon Sports Betting Market Overview

Oregon's sports betting history dates back to 1989 when the state launched Sports Action, a lottery-based sports wagering product. Sports Action allowed players to bet on NFL games through parlay-style bets, making Oregon one of the few states to offer legal sports betting before the repeal of PASPA (the Professional and Amateur Sports Protection Act) in 2018. However, due to pressure from the NFL and other sports leagues, Sports Action was discontinued in 2007 as part of an agreement to keep Portland eligible for NCAA tournament events (OregonLive.com, 2012).

After the repeal of PASPA, Oregon leveraged its unique position as one of the few states with a pre-existing legal framework for sports betting. Legal sports betting in its modern form began in August 2019, with tribal casinos offering retail sportsbooks. Shortly after, the Oregon Lottery expanded the market by launching the Scoreboard app in October 2019, partnering with SBTech to provide the state’s first online betting platform (CNBC, 2019).

In January 2022, the Oregon Lottery transitioned to a partnership with DraftKings as the exclusive online sportsbook operator, replacing Scoreboard and streamlining Oregon’s sports betting offerings. This shift aimed to enhance user experience and attract more bettors through DraftKings’ well-established platform. With the Oregon Lottery overseeing operations and DraftKings managing online betting, the state has experienced steady growth in both participation and revenue.

Annual Sports Betting Growth in Oregon

This chart summarizes the total annual sports betting handle, gross gaming revenue (GGR), hold percentage, and tax contributions in Oregon. All figures are sourced from the Oregon Lottery’s official reports and the Oregon Gaming Control Board, ensuring accuracy and regulatory compliance.

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Monthly Sports Betting Growth in Oregon

2024

This chart provides monthly insights into Oregon’s sports betting market, including handle, GGR, hold rate, and state tax revenue. Data is drawn from verified Oregon Lottery releases and highlights seasonal performance.

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Oregon Sports Betting Revenue Insights

As reported by the Oregon Lottery, Oregon's sports betting revenue experienced notable fluctuations from October 2023 to September 2024. The sports betting handle—the total amount wagered—reached $75 million in September 2024, marking the highest monthly handle for the year. Similarly, gross gaming revenue (GGR) peaked in September 2024 at $9.28 million, demonstrating the market's potential during periods of high sports activity, such as the NFL season kickoff. (Oregon Lottery, 2023)

The year began strongly in January 2024, with a handle of $68.58 million and gross sports betting revenue of $8.59 million, with a hold percentage of 12.53%. The market remained steady through the spring and summer, with handles consistently hovering between $66.52 million and $74.84 million.

The summer months saw some declines, with the handle dropping to $52.71 million in July 2024, the lowest for the year. However, a significant rebound in September 2024 was expected as bettors returned for the start of the NFL and college football seasons.

Oregon Lottery Report For the Last fiscal year:
  • Total Handle: Approximately $816.9 million (October 2023 - September 2024).
  • Gross Gaming Revenue: Roughly $84.57 million.
  • Tax Contributions: Total taxes from October 2023 to September 2024 exceeded $6.5 million, with a peak monthly tax of $742,080 in September 2024.

Latest Oregon Betting Industry News

  • Oct. 25, 2024: DraftKings, the state-partnered sportsbook, reported a $75.4 million handle in September, the second-highest since Oregon legalized sports betting in 2019, marking a 23% increase from September 2023. (CDCGaming, 2024)
  • Apr. 7, 2024: A lucky Powerball ticket holder in Oregon hit the $1.36 billion jackpot. This was the fourth-highest jackpot ever won. (Powerball, 2024)
  • January 18, 2022: DraftKings took over mobile sports betting in Oregon following its acquisition of SBTech, the platform previously operated by the Oregon Lottery. (DraftKings, 2022)

Sports Betting Revenue Comparison: Oregon vs. Connecticut

When comparing the sports betting markets of Oregon and Connecticut, Connecticut's multi-operator system significantly outperforms Oregon’s single-operator model. Both states share similarities in population size and the timing of sports betting legalization, but Connecticut’s competitive framework drives far greater revenue and engagement.

Key Comparisons

MetricOregonConnecticut
Peak Monthly Handle$75 million (Sept. 2024)$189.6 million (Dec. 2023)
Peak Monthly Revenue$9.28 million (Sept. 2024)$20+ million (Dec. 2023)
Number of Operators1 (DraftKings)3 (DraftKings, FanDuel, Fanatics)
Market FrameworkSingle-operatorMulti-operator
Year-Over-Year GrowthSteady, but fluctuatingConsistently increasing

Why Connecticut Outpaces Oregon

  • Competitive Market Structure: Connecticut’s three-operator system fosters innovation, better promotions, and more options for bettors, increasing engagement.
  • Higher Handles and Revenue: With peak monthly handles over twice as high as Oregon’s, Connecticut benefits from its broader appeal and enhanced market accessibility.
  • Year-Round Engagement: Connecticut consistently grows with higher year-over-year increases, even during traditionally slower betting months.

Oregon Snapshot

Key AspectDetails
PopulationApproximately 4.2 million residents as of 2024. (World Population Review, 2024)
Political AffiliationPredominantly Democratic, Oregon has a Democratic trifecta, with the party controlling the governorship and both legislative chambers. (270towin.com, 2024)
Year Sports Betting LegalizedPermitted from May, 2019. Governor Kate Brown signed House Bill 2288, authorizing the Oregon Lottery to operate sports betting through a mobile app and select retailers. (Oregon Legislative Assembly, 2019)
Number of Sportsbooks OperatingDraftKings is the sole online sports betting app permitted in Oregon. The state also has four tribal casinos offering sports betting.
Gross Gaming Revenue (GGR) 2023$21,429,000.00
Sports Betting Handle 2023$213,069,000.00
Professional Sports TeamsOregon is home to the Portland Trail Blazers (NBA) and the Portland Timbers (MLS). While there’s no NFL team, fans passionately follow college football, especially the Oregon Ducks and Oregon State Beavers.

FAQs

Sports Betting Overview

What is the current state of Oregon sports betting?

Oregon sports betting operates under a single-operator model managed by DraftKings, with oversight from the Oregon Lottery. Bettors in the Beaver State can place wagers online or at select tribal casinos offering retail betting.

How does sports betting in Oregon differ from other states?

Oregon uses a single-operator system, unlike other states like Colorado, which have multiple sportsbooks. This approach simplifies regulation but limits competition, capping betting revenue.

Is sports betting legal in Oregon?

Yes, sports betting has been legal in Oregon since May 2019. The Oregon Legislature authorized sports betting under House Bill 2288, permitting the Oregon Lottery to oversee operations.

Sports Betting Revenue and Handle

What is Oregon’s annual sports betting revenue?

In 2023, Oregon’s gross revenue from sports betting totaled $21.43 million. Monthly figures vary depending on the betting handle and major sports events.

How does Oregon's sports betting revenue compare to other states?

Oregon’s betting revenue is modest compared to states with multi-operator systems.

What is the betting handle in Oregon?

The sports betting handle in Oregon reached $213.07 million in 2023. The highest monthly handle was $75 million in September 2024.

What was the previous month's total revenue?

The Oregon Lottery reported gross revenue of $9.28 million in September 2024, marking a significant increase (115%) from August’s betting handle of $4.3 million.

Popular Sports and Events

What are the most popular sports for betting in Oregon?

Football and basketball dominate sports betting in Oregon. The Super Bowl and March Madness draw the most wagers, alongside regular college sports seasons.

Do Oregon bettors wager on college sports?

Yes, college sports, particularly games involving the Oregon Ducks and Oregon State Beavers, are popular among bettors. However, individual bets on specific college players are not permitted under state regulations.

How do major events like the Super Bowl impact betting revenue?

The Super Bowl significantly boosts betting revenue, with millions wagered on various outcomes, including prop bets and the final score.

Monthly Performance Trends

What caused fluctuations in Oregon’s betting handle?

Seasonal sports events greatly influence the betting handle. For example, July often declines due to limited major sports activity, while September and February rebound with football and basketball seasons.

What are the average monthly figures for gross revenue?

Gross revenue averages between $6 million and $9 million monthly, depending on the betting handle and payout ratios.

Data and Records

Has Oregon set any state records for betting revenue?

Oregon achieved a state record in September 2024 with a handle of $75 million, surpassing previous benchmarks.

How is betting data collected and reported?

The Oregon Lottery publishes reports on betting figures, including wagering data, gross revenue, and payouts. These figures provide transparency and insights into market performance.

Betting Mechanics and Regulations

Can bettors place individual bets on college players?

No, Oregon prohibits individual bets on specific college players. On Feb. 15, 2022, former Governor Kate Brown introduced Senate Bill 1503. The bill would permit bettors to wager on college sports online, but it has not been passed.

How are winnings paid out to sports bettors in Oregon?

Winnings are paid directly to bettors’ accounts on DraftKings or in person at tribal casinos. Tribal casinos in the state are not subject to taxation or licensing fees, and the Oregon Lottery is not subject to taxation as a state entity.

What is the hold percentage for Oregon sportsbooks?

In September 2024, the hold percentage in Oregon was 12.66%.

Comparisons with Other States

How does Oregon’s sports betting market compare to the Granite State?

The Granite State (New Hampshire) operates similarly with a single-operator model but has achieved higher gross revenue ($80,288,654 in 2023).

How does Oregon’s December revenue compare to neighboring states?

Oregon’s December revenue is lower than that of states like Colorado ($562 million), which benefit from multiple operators and larger betting markets.

Are there lessons Oregon can learn from other states?

Yes, introducing additional operators could increase betting revenue, expand betting options, and boost overall participation among sports bettors.

Future Outlook

What trends are shaping the future of sports betting revenue in Oregon?

Steady growth in gross revenue is expected, driven by seasonal sports events like March Madness and the Super Bowl. However, expanding the operator model could unlock further market potential.

Will new sportsbooks enter Oregon’s market?

DraftKings is the exclusive operator, but discussions about opening the market to other sportsbooks could be proposed.

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