Oregon’s November Sports Betting Handle Rises 28.3% YoY

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Oregon’s sole sports betting operator, DraftKings received $71.2 million in total wagers during the month of November, an uptick of 28.3% year-on-year.

The figure also represents the second-highest total handle recorded in Oregon since the state launched its sports betting market in October 2019. However, the handle dropped slightly by 1% compared to October 2023’s record total bet amount of $71.9m.

Oregon sports bettors have now placed bets totalling $601.8m across the first eleven months of 2023 and $1.09bn since DraftKings became the state’s exclusive sportsbook in January 2022. The cumulative wagering amount in the state has now reached nearly $1.7 billion.

Revenue Report

In November, DraftKings generated $7.3m in revenue from a win percentage of 10.20%. The figure marked a 14.1% decline from October but increased by 14% compared to November 2022. The year-to-date revenue stands at $65.9m, while the total figure since the market’s inception is $168.8m.

DraftKings consented to a 51% state share of gross sports betting revenue upon becoming the state’s sole betting operator. While state taxes did not appear in the report, it is estimated at roughly $3.7m for November.

Football Continues to Be Top Choice

Football continues to be the most popular sport amongst bettors in the state, generating $23.1m in total bets. Basketball followed closely with $21.6m in wagers. It was followed by soccer with $5.7m. Tennis bets accounted for $4.1m, while ice hockey pulled in $3.3m.