Oregon Sports Betting Breaks All-Time Records in December

Revenue for the year up 52.7%

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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

Jan 2023$62,328,293$7,546,96612.11%$3,848,952
Feb 2023$48,425,409$4,261,2848.80%$2,173,254
Mar 2023$50,456,710$6,088,34212.07%$3,105,054
Apr 2023$55,167,184$7,051,98012.78%$3,596,509
May 2023$52,122,283$6,462,46212.40%$3,295,855
Jun 2023$43,861,200$4,336,3689.89%$2,211,547
Jul 2023$40,428,203$4,150,62510.27%$2,116,818
Aug 2023$44,542,070$3,507,6347.87%$1,788,893
Sep 2023$61,354,332$6,720,39610.95%$3,427,401
Oct 2023$71,903,468$8,545,27011.90%$4,358,087
Nov 2023$71,231,497$7,292,14710.20%$3,718,994
Dec 2023$73,219,597$9,700,09513.20%$4,947,048

*State taxes are approximate figures as Oregon does not publish tax data.

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