The Oregon Lottery has reported a 293.0% year-on-year increase in sports betting revenue to $2.4m (£1.8m/€2.0m)in May, while the US state’s handle also jumped 280.8% to $27.7m.
Gross gaming revenue (GGR) from the DraftKings-powered Scoreboard sportsbook was significantly higher than the $598,061 generated in May 2020, though last year’s figures were impacted by the novel coronavirus (Covid-19) pandemic, with players’ betting options limited due to the cancellation of many sports events.
However, revenue in May was down 11.1% from the $2.7m posted in April this year.
In terms of consumer spending, the state’s handle grew significantly year-on-year, with the $27.7m wagered by players in May also 9.5% higher than the $25.3m bet in April.
Basketball remained by far the most popular sport to bet on in May, with players spending $16.2m during the month, resulting in $1.5m in GGR.