November 16, 2021 Sports Betting, Casino, Online

Sports betting in Oregon: 50% growth in October

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October a continuation of September growth.

Oregon saw sports betting activity in the state increase by 50% in the month of October, according to the state’s lottery which today released its monthly report. With $37.6m in wagers placed, October 2021 was a record month after it beat the previous record (January 2021) by $2.7m. 

Altogether, the $37.6m came to 1,122,359 bets made, $3m in gross gaming revenue, an 8.03% margin, and 27,781 unique active players betting an average of $33.54 per wager.  

While October’s growth continues patterns seen the previous month, to compare the breakdown of October with that of September, it is immediately evident that the fall sports schedule had a lot to do with the increase in numbers. The NFL season is in full swing, the baseball playoffs have begun, and both the professional basketball and hockey seasons have begun. 

Football, for instance, saw 546,114 total bets in the month of October, eclipsing the 373,806 of the previous month. Basketball and hockey saw an even more dramatic disparity from September to October, with the former up to 205,170 bets over the prior month’s 17,158 and the latter up to 46,637 from 7,817. Among the other sports that saw considerable growth from September to October were boxing, mixed-martial arts and table tennis.  

As far as whether the betting activity was done live or pre-match, the letter was done in significantly higher numbers. Pre-match bets accounted for 799,087 of the bets (and a $20.7m turnover) while live bets came to 323,272 (and $17.4m). 

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