Oregon sets new betting handle record in October

Despite a decrease in registrations month-on-month, the number of bets placed increased.
Despite a decrease in registrations month-on-month, the number of bets placed increased.

Oregon’s sports betting app Scoreboard recorded a sports betting handle of $37.6m, beating the previous record of $34.9m set in January.

US.- October was a record month for sports betting in Oregon, with a handle of $37.6m. The Scoreboard app reported a 50.1 per cent increase from the $25m reported in September and a 27.8 per cent increase from October 2020 ($29.5m).

The GGR (gross gaming revenue) from sports wagers last month was $3m, up 140 per cent from September ($1.25m) and 9.9 per cent higher than October 2020 ($2.75m). The figure was the fourth highest since sports betting launched in Oregon in January 2020. The revenue record is $4.1m, set in November 2020.

Despite a decrease in registrations month-on-month from 3,208 to 2,873, the number of bets placed increased 47.4 per cent to 1.1m. The number of active players also increased month-on-month and year-on-year, reaching 27,781 in October, up from 24,965 in September and 24,562 in October 2020.

The average amount wagered rose to $33.5 from $32.8 in September and $32.6 last October. The most popular sport among players remains American football, attracting 546,114 bets and generating $984,901 in revenue. Second was is basketball with 205,170 bets and revenue of $824,758. Baseball rounded out the top three with 124,839 in wagers and $421,984 in revenue.

The fastest growth for any sport was boxing, registering an increase in wagers of 657 per cent month on month. This increase coincides with the fight between Tyson Fury and Deontay Wilder.

See also: Oregon sports betting handle reaches $25.1m in September

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