Oregon joins the ranks of 22 other states, amassing a record $3 billion worth of wagers in the sports betting field.
In the world of sports betting, Oregon has made a significant mark, becoming the 23rd state to surpass the $3 billion milestone in betting handle. This impressive feat was achieved in the period spanning from 2019 to May 31, 2025, with revenue of $322.5 million generated this year alone.
The journey to this milestone has been marked by a series of records and trends. Oregon's sports betting market exhibits a clear seasonal trend, with September to January consistently driving the largest volume. The peak was reached in December 2024, when a record $90.2 million in bets were placed, reflecting the excitement surrounding the festive season and major sporting events.
The impact of COVID-19 on the market was evident in April 2020, when revenue dipped to a low of $4.4 million. However, the market rebounded strongly, aided by the accessibility of mobile betting, and has shown steady growth ever since. In fact, the switch to DraftKings Sportsbook in January 2022 led to a 50% increase in handle, and recent months have shown even higher retention rates.
The state has collected more than $161.2 million in tax benefits from sportsbooks, which are allocated to education, economic development, and responsible gambling initiatives. This is a testament to the positive impact of sports betting on Oregon's economy.
Oregon's sports betting market swelled to $864.7 million in 2024, marking the most robust full-year performance yet. Since its launch, Oregon sportsbooks have accepted a total of $3.01 billion in bets. The state's sports betting platform in 2022 was taken over by DraftKings, contributing to a significant increase in revenue.
While Oregon's single-operator system offers regulatory simplicity, some argue it limits consumer choice compared to other states with multiple operators. Nevertheless, the success of Oregon's sports betting market is undeniable, and it continues to set new records and contribute positively to the state's economy.
Meanwhile, West Virginia is poised to be the 24th state to eclipse the $3 billion milestone in the coming weeks, following a similar trajectory to Oregon. Similarly, Mississippi sportsbooks have surpassed the $3 billion milestone, reflecting the growing popularity of sports betting across the United States.
This article is tagged with College Football, DraftKings, Mississippi, NFL, Oregon, and West Virginia, highlighting the diverse range of sports and markets that these states offer. As the sports betting landscape continues to evolve, it will be interesting to see how these states continue to perform and set new records.
