Oregon sports betting
In October 2019, the Scoreboard sports betting app was released, allowing Oregonians to wager on sporting events across the state using their smartphones. Now DraftKings has taken over from Scoreboard, and online betting in Oregon has a new face. In this piece, we will cover everything you need to know about legal sports betting in Oregon.
Is online sports betting legal in Oregon?
Online sports betting is legal in Oregon and was made legal in August 2019 along with many other states. However, you can only bet online through the DraftKings app and the casino Chinook Winds. The state wanted its own app for the start of the NFL season in 2019, but it could not develop it until mid-October. Chinook Winds was the only place where Oregon sports betting was live for the 2019 NFL season. Scoreboard brought in $1.2M in advertising revenue during the first week, and they brought in even more sales and revenue, further showing the growth of the Oregon sports gaming market. Oregon is a major player in this industry, and it has the potential to be among the largest markets of sports betting that exists today.
From 1989 to 2007, Oregon allowed Sports Action, or parlay betting. It was dropped when the state’s ability to host the NCAA basketball tournament became a problem. As one of the few states with a gambling history, bettors in Oregon were relieved to see the return of legal sports betting in 2019 after PASPA was repealed in 2018. In 2018, the courts voted to allow each state to propose and create its own sports betting laws and regulations.
Where to bet online in Oregon
Oregon currently has only one online sports betting site available to the public. Since the legalization of online sports betting, Scoreboard was a monopoly in the market. However, since January 18th, 2022, DraftKings has taken Scoreboard’s place in the Oregon sports betting market.
DraftKings has one of the largest betting markets in the country, with a variety of sports and leagues to choose from. They offer a variety of withdrawal options, including Visa, MasterCard, Netteller, PayPal, Venmo, and even check.
On January 18, 2022, the industry giant officially replaced the Oregon Lottery’s Scoreboard app. Oregon bettors have been using DraftKings since then, and their market share has gone up significantly. Overall, the site and app are user-friendly. It’s a legal and secure way to wager on sports, and cashing out your winnings is simple.
Who oversees online sports betting in Oregon?
The Oregon Lottery is currently responsible for overseeing sports betting in the state. Before 2019, the only legal way to wager was to bet in person. All this changed in 2019. The Oregon lottery launched its first mobile betting app named “Scoreboard”. This app was designed and controlled by its designated vendor “SBTech”.
In Oregon, the legal betting age is 21 years. After the legalization of sports betting, any eligible bettor who was 21 years or older in the state could bet on the scoreboard. Oregon was one of the earliest states to legalize online sports betting. It was the 12th state to legalize sports betting. In addition, it was the 8th state that has all state-wide mobile and online platforms. Legal sports betting Oregon is now on the right track to making progress by starting to allow top sportsbooks in the state.
Online sports betting timeline in Oregon
From 1989 to 2007, Oregon only offered parlay-type betting and Sports action betting. Although it was abandoned when the state hosted the NCAA basketball tournament as it became an issue for the state to control and host. Here we will look into all the timelines surrounding sports betting.
On June 25, 2015, Governor Kate Brown signed into law Senate Bill 863 which allowed online gambling in Oregon. This made Oregon the only U.S. state to officially offer online poker, with no additional legislation required. Sites that accepted players from Oregon are PokerStars, Revolution Gaming and YaPoker.
On May 30, 2016, the Lottery announced plans to incorporate fantasy sports competitions into their website for state residents. Fantasy sports is a betting game that allows participants to play for money in league settings similar to more traditional sports, such as football or baseball. In September, the Oregon Lottery introduced an application for mobile lottery products and services for smartphones. The app has been available since October 15th 2016 when it started taking bets on football (soccer) matches from Germany’s Bundesliga and England’s Premier League.
On May 18th, the Oregon State Legislature agreed to changes in state statutes that would allow online sports betting on the internet if the US Supreme Court ruled in favor of sports betting or if Congress passed a federal law.
After the decision of the Supreme Court to put down the Professional and Amateur Sports Protection Act (PASPA) and ban sports betting, Oregon used a state lottery to introduce sports.
The scoreboard was launched as an official sport betting app by the Oregon Lottery on October 16th. The state’s first legal bet was at Chinook Winds which had opened an Oregon sportsbook in August.
In January 2022, DraftKings replaced the scoreboard app as the official provider of online sports betting. DraftKings is a renowned company in the world of online sports betting. This was a huge deal for the people of the state.
What is the annual revenue for sports betting in Oregon?
In 2017, Oregon’s sports betting revenue was $41.3M. That was an increase of 15 percent from $37.6M in 2014. According to Sports Gaming Research and Consultants, Oregon brought in approximately $23.5 million in taxes from sports betting in 2017. They also reported that 40% of this money was the contribution of Oregon residents, 30% was contributed by visitors, and out-of-state residents (including out-of-state casinos) contributed 30%.