Oregon sports betting revenue up 293% year-on-year
According to authorities, Oregon generated $2.4m from sports betting platforms in May.
US.- Sports betting in Oregon generated $2.4m in May, an increase of 293 per cent year-on-year. The state’s handle increased 280.8 per cent to $27.7m.
The size of the increase is influenced by the impact of the Covid-19 pandemic last year, when many sports events were cancelled and opportunities for betting reduced.
Comparing to April, revenue in May was down 11.1 per cent from $2.7m. In terms of consumer spending, the state’s handle grew 9.5% month-on-month, up from $25.3m in April.
Basketball remained by far the most popular sport to bet on, with bets of $16.2m resulting in $1.5m in GGR. Baseball accounted for $4.6m of all bets and $216,694 in revenue, followed by soccer with $2.4m wagers and $245,843 in revenue.
