Oregon’s sports betting industry hasn’t seen massive growth and expansion like other states across the country, but there was some positive news in April. After the state saw a decline in revenue and management for two consecutive months, both of those numbers rose in April.
The total sportsbook handle in Oregon for the month of April was $ 25.3 million. It was an increase of more than five percent from March, but it still doesn’t come close to calling into question the state’s record.
In January 2021, sports betting total was an industry record of $ 34.9 million. January was an important month for almost every state with legal sports betting, and the NFL playoffs played a huge role in the numbers.
Oregon also saw a massive increase in gross gaming revenue for the month of April, with the total almost twice the amount in March. Gross gaming revenue was $ 2.7 million after just $ 1.4 million in March.
None of those numbers put Oregon in the top ten in terms of US betting markets, but it’s important the state shows some growth. There likely won’t be much change over the next few months, but new records could be set when the NFL returns this fall.
No boost from the March madness
While most companies posted impressive numbers in March, Oregon did not. The 2021 NCAA Men’s Basketball Tournament has helped several states challenge previous state records for the industry and manage; Bettors in Oregon were unable to bet on this event.
The Scoreboard app doesn’t offer any betting on college sporting events, which is a big part of the state’s slow growth. Sports bettors can bet at university retail outlet markets, but these are only offered at two tribal casinos in the state.
Most popular basketball market
The National Basketball Association is a popular league in the state of Oregon, and it was the most popular betting market in April. Basketball betting accounted for $ 13.6 million in bets last month, easily leading the way.
Parlay betting continues to be a popular option for sports bettors in the state as it accounted for $ 6.6 million in wagers. Baseball was Oregon’s second most popular betting market, as the sport’s total grip was $ 4.3 million.
New options to come?
Oregon lawmakers are trying to improve the current sports betting climate, and there was hope that the change would begin in 2021. House Bill 2127 was introduced in January, and it sought to make Oregon Racing Commission the new industry regulator.
The bill was introduced on January 11, but no action has been taken since January 19. This bill would also allow more operators in the state in addition to the Scoreboard app and result in an increase in both the handle and the revenue.