In the latest monthly sports betting revenue report from the Oregon Lottery, DraftKings, the state’s exclusive licensed sports betting operator, demonstrated robust performance by registering $71.2 million in wagers for November. This figure marks the second-highest total in the state’s sports betting history, showcasing a notable 28.3% year-on-year increase, albeit slightly below October’s impressive $71.9 million.
Key Performance Metrics:
Wagers: DraftKings’ November wagers reached $71.2 million, maintaining a strong position as the second-highest in Oregon’s sports betting history.
Revenue: DraftKings generated $7.3 million in revenue, reflecting a win percentage of 10.20%. While this marks a 14.1% decrease from October, it represents a significant 14% increase year-on-year.
Consistent Performance: The figures for November continue to highlight DraftKings’ consistent performance as the state’s sole sportsbook operator since January 2022.
Sporting Preferences and Betting Trends:
Football Dominance: Football emerged as the most popular sport for wagers, attracting $23.1 million in bets.
Basketball and Soccer: Basketball followed closely with $21.6 million in wagers, while soccer contributed $5.7 million to the overall betting activity.
Diverse Offerings: Tennis and ice hockey also garnered attention, with bets totaling $4.1 million and $3.3 million, respectively.
Year-to-Date and Historical Context:
Cumulative Wagers: Sports bettors in Oregon have now placed a cumulative total of $601.8 million across the first eleven months of 2023.
DraftKings Impact: Since DraftKings assumed the role of Oregon’s exclusive sportsbook in January 2022, the state has witnessed a substantial total wager amounting to $1.09 billion.
DraftKings’ performance in November reinforces its dominant position in Oregon’s sports betting landscape, achieving the second-highest monthly wagers in the state’s history. Despite a slight dip in revenue from October, DraftKings continues to contribute significantly to the overall sports betting activity in Oregon. The diverse sports preferences among bettors highlight the versatility of offerings, and as the year progresses, DraftKings remains a key player in shaping the state’s sports betting landscape.