Sports betting surges in Oregon, as expert caution risks of digital gambling

February 10, 2024

Sports Betting

Oregon

The Super Bowl will be in Las Vegas this year for the first time, and some are anticipating it will be a record-setting day for sportsbooks and casinos.

Sports betting, in general, has become a more mainstream part of American culture in recent years. Many stadiums even have on-site sportsbooks so fans can gamble on the game, at the game.

In Oregon, sports betting has quickly become one of the state Lottery’s most popular products since it first became legal in 2019, with the number of players increasing by 43% from 2022 to 2023.

Oregonians wagered more than $565 million on sports betting during the last fiscal year. That’s more than all the money spent on Powerball, Mega Millions, Keno and Scratch-it tickets combined. Bettors wagered an average of $5,603 total during the previous fiscal year, according to Oregon Lottery data.

It’s a new, lucrative revenue stream for a state heavily reliant on Lottery dollars, but critics argue it’s hooking a younger generation on a particularly dangerous form of gambling.

Read more at OPB.org

Go to Top