Revenue for the year up 52.7%
Oregon Sports Betting Breaks All-Time Records in December
According to the latest monthly revenue report from the Oregon Lottery, DraftKings, the state’s only licensed sports betting operator, reported accepting $73.2 million in wagers throughout the month of December setting a new all-time record for a single month.
2023 Sports Betting Totals
- Sports betting handle – $675 million, up 35.5% (2022 – $497.9 million)
- Revenue – $75.6 million, up 52.7% (2022 – $49.5 million)
- Taxes – $38.5 million, up 86% (2022 – $20.7 million )
The latest figures mark an increase of 2.8% on the previous month’s total of $71.2 million and a 36% increase year-on-year. Sports bettors in Oregon wagered $675 million in 2023, a 35.5% increase on the total wagered in 2022.
Wagers have totaled $1.17 billion since DraftKings took over as the state’s sole sportsbook in January 2022. The all-time wagering total now stands at almost $1.76 billion.
The month of December saw DraftKings generate $9.7 million in revenue from a win percentage of 13.20%, a new all-time record in the state. This was also an increase of 34.7% compared to the previous month and 73.2% year-on-year. The total revenue figure for 2023 is $75.6 million, up by 52.7% compared to 2022. The all-time figure now stands at $178.5 million.
When DraftKings took over as the state’s only sports betting operator it agreed to a 51% state share on gross sports betting revenue. Although this figure is not included in the report it can be estimated that state taxes for the month came to around $4.9 million, another state record.
Football Remains First Choice at Sportsbooks
According to the report, Oregon gamblers wagered $23 million on football while basketball attracted $16.4 million in wagers. Soccer pulled in $3.2 million in wagers while ice hockey bets came to $2 million.
2023 Sports Handle, Revenues & Taxes in Oregon
| PERIOD | TOTAL HANDLE | SPORTSBOOK REVENUE | WIN % | STATE TAXES |
|---|---|---|---|---|
| Jan 2023 | $62,328,293 | $7,546,966 | 12.11% | $3,848,952 |
| Feb 2023 | $48,425,409 | $4,261,284 | 8.80% | $2,173,254 |
| Mar 2023 | $50,456,710 | $6,088,342 | 12.07% | $3,105,054 |
| Apr 2023 | $55,167,184 | $7,051,980 | 12.78% | $3,596,509 |
| May 2023 | $52,122,283 | $6,462,462 | 12.40% | $3,295,855 |
| Jun 2023 | $43,861,200 | $4,336,368 | 9.89% | $2,211,547 |
| Jul 2023 | $40,428,203 | $4,150,625 | 10.27% | $2,116,818 |
| Aug 2023 | $44,542,070 | $3,507,634 | 7.87% | $1,788,893 |
| Sep 2023 | $61,354,332 | $6,720,396 | 10.95% | $3,427,401 |
| Oct 2023 | $71,903,468 | $8,545,270 | 11.90% | $4,358,087 |
| Nov 2023 | $71,231,497 | $7,292,147 | 10.20% | $3,718,994 |
| Dec 2023 | $73,219,597 | $9,700,095 | 13.20% | $4,947,048 |
| Totals | $675,040,246 | $75,663,569 | 11.04% | $38,588,412 |
*State taxes are approximate figures as Oregon does not publish tax data.
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