Oregon Sports Betting Revenue
Oregon’s sportsbook produced $89,958,000 in net receipts in the fiscal year that ended June 30, 2025, and every dollar of it moved through one app. That makes this the cleanest betting-revenue trend in the country to read and one of the least complete. You never have to adjust it for operators arriving or leaving, and no promotional war between rival books bends the year-over-year, so what you get is one product’s results audited into one state document. It also means the total is smaller than what Oregonians actually bet, for reasons that have nothing to do with the accounting.
The direction is up and the pace is easing off. FY2024 finished at $75,116,779, so the state added $14,841,221 in twelve months, and the sportsbook grew from 0.8% of all Oregon Lottery sales in FY2020 to 5.3% in FY2025. If you want to feel the scale of it, use that share, not the dollars. Five years in, the whole legal mobile market is still a rounding error next to video poker in a Portland bar.
No state licensing regime exists for a second book, so one operator’s figures are the entire legal mobile market, not a slice of it. DraftKings runs the app under Lottery authority, and its results are the state’s results.
Everything below comes out of four state documents and moves on their clock, not a news cycle. The audit lands after each June 30 close, the state economist refreshes the forecast quarterly, and that’s the whole update schedule. If you want the institution behind the app rather than its ledger, Oregon Lottery sports betting has the rules, the recourse you get and who sets the prices, while Oregon sports betting as a whole picks up the tribal counters, the college problem and the rest of the state.
We earn a commission if you open an account through the links here, which changes nothing about the terms below, and offers move, so confirm them on the book’s own site before you deposit.
Sports Betting Revenue by Fiscal Year, and the All-Time Total
The growth curve below is the most trustworthy one any state can show you, because it’s one book’s curve with nobody churning in or out of it. It has also been slowing for four straight years, and the Lottery says so itself, noting net receipts up 19.8 percent in FY2025 “although the rate of growth slowed from the prior year’s growth rate of 35.9 percent.”
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FY2020 (partial)
- Sports wagering net receipts
- $8,620,945
- Change on prior year
- first year
- Share of all Lottery sales
- 0.8%
-
FY2021
- Sports wagering net receipts
- $29,147,647
- Change on prior year
- +238.1%
- Share of all Lottery sales
- 2.2%
-
FY2022
- Sports wagering net receipts
- $32,052,189
- Change on prior year
- +10.0%
- Share of all Lottery sales
- 1.9%
-
FY2023
- Sports wagering net receipts
- $55,258,144
- Change on prior year
- +72.4%
- Share of all Lottery sales
- 3.3%
-
FY2024
- Sports wagering net receipts
- $75,116,779
- Change on prior year
- +35.9%
- Share of all Lottery sales
- 4.4%
-
FY2025
- Sports wagering net receipts
- $89,958,000
- Change on prior year
- +19.8%
- Share of all Lottery sales
- 5.3%
Net receipts and the share column are the Lottery’s own figures, taken from the ten-fiscal-year sales-by-product schedule in its annual comprehensive financial report for the year ended June 30, 2025. The change column is our arithmetic on those rows, and the two most recent percentages match what the Lottery reports in its own narrative. FY2016 through FY2019 all read zero, because the product didn’t exist yet.
Add the six years together and Oregon’s sportsbook has produced $290,153,704 since launch. Take the definition with the total or the total is useless. It counts net receipts rather than amounts wagered, on fiscal years ending June 30, and the first year is a stub because the app went live in October 2019 and FY2020 caught only its last two and a half quarters. The +238.1% that follows measures that short first year, not a boom.
FY2022 is the row that trips people up. The dollars rose 10.0 percent while the share of Lottery sales fell from 2.2 percent to 1.9 percent, and betting had nothing to do with it. Video lottery net receipts leapt from $860,326,742 to $1,246,146,763 that same year as bars reopened, and a product growing 10 percent alongside one growing 45 percent loses ground on a percentage basis while gaining it in cash.
FY2025 flips that around in the sharpest way yet. Total Lottery sales fell from $1,726,292,747 to $1,687,996,118 while the sportsbook grew almost 20 percent, which left betting as the one product line the agency had clearly expanding.
There’s no handle column, and that gap is deliberate. Amounts wagered appear in this report for FY2025 only, tucked into the notes instead of the ten-year schedules, so a six-year handle series would have to be stitched together from six separate annual reports. One document you can check beats six you can’t. The state posts no monthly rows for this product at all.
One more absence. Oregon ran the country’s first legal NFL parlay game for eighteen years and kept no separate revenue record of it. The Legislative Revenue Office’s long-run lottery history folds Sports Action into an “Other” column alongside Breakopens, Raffles and Win for Life, and that same column swallows Scoreboard, the app that ran from 2019 to 2022. Oregon sports betting history tells that story properly.
Where a Wagered Dollar Actually Goes
The figure worth watching isn’t handle, and most Oregon coverage quotes the one that flatters the state. Walk the FY2025 dollar down the audited note instead, and each term explains itself as the amount lands.
| The FY2025 ladder | Amount |
|---|---|
| Wagers placed | $892,119,728 |
| Wagers refunded due to cancellations | ($3,457,154) |
| Prizes won | ($783,387,050) |
| Net revenue before discounts | $105,275,524 |
| Discounts, being player incentives and related prizes | ($15,317,524) |
| Net receipts reported as revenue | $89,958,000 |
Handle is the top line at $892,119,728, the biggest figure available and so the one that makes headlines. Nobody kept it. Prizes are the next biggest, $783,387,050 out of the $888,662,574 left once canceled wagers were refunded, so 88.2 percent of what Oregonians staked went straight back out to Oregonians who won. Both of those percentages are ours, worked on the printed amounts.
What survives the prizes is $105,275,524, which the audit calls net revenue before discounts. Then comes the step that causes half the confusion in Oregon write-ups. Knock off $15,317,524 of player incentives and reported revenue drops to $89,958,000, the amount that appears on the statement of revenues and expenses and in every news story. Two defensible revenue figures for the same twelve months, about fifteen million apart, and that gap is where “gross gaming revenue” and “net revenue” quietly stop being synonyms in coverage of this state.
The audit leaves none of that to interpretation. Both the discounts and the prize expense are netted out before anything reaches the revenue line on the face of the statements, and a prize becomes an expense at the moment the wagered event’s outcome is known.
That timing rule matters more than it looks. A wager placed in one accounting period can settle in the next, so revenue attaches to the event rather than to the ticket. Try to reconcile a fiscal-year cut against a calendar-year cut of the same betting activity bet-for-bet and you’ll fail, not because anybody made a mistake but because the two are counting different moments.
Why Oregon’s Own Totals Disagree With Each Other
If two sites quote you different Oregon handle figures, odds are neither of them is wrong. The state prints three for the same twelve months, and one document carries two of them.
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$892,119,728
- What it actually measures
- wagers placed, accrual basis, fiscal year to June 30, 2025
- Where it appears
- audited notes to the financial statements
-
$927 million across 35 million tickets
- What it actually measures
- bet count and value, described as happening “in 2025”
- Where it appears
- Oregon Lottery Annual Report 2025
-
$873,345,050
- What it actually measures
- sports wagering gross receipts, budgetary basis
- Where it appears
- the same audit’s non-GAAP budget comparison schedule
The clock explains the first gap. The Lottery’s narrative material tells readers what players did “in 2025” and prints it a page or two from statements that close on June 30, so the ambiguity is internal to a single publication, not a fight between rival sources. The basis explains the second. Audited statements run on accrual while the budget comparison schedule is a non-GAAP budgetary presentation, and the two state-published volume figures for one year come out $18,774,678 apart.
Growth rates disagree the same way. The annual report has gross gaming revenue climbing almost 23 percent while the audited schedule records net receipts up 19.8 percent, and both are the Lottery’s own arithmetic on its own year.
Then there’s a budget miss sitting on the same page as a revenue gain. The commission-adopted plan called for $907,782,256 of sports wagering gross receipts against an actual of $873,345,050, unfavorable by $34,437,206, in a year net revenue still grew about twenty percent. A volume shortfall and a revenue win, twelve months, one product.
Transfers add a third clock, and the FY2025 gap runs opposite to what you’d guess. Cash moved to the Economic Development Fund during the year was $936,785,340 against $896,614,060 accrued, because those payments cleared the $276,576,660 the Lottery owed at the start of the year and left $236,405,380 owed at the end of it. Nothing was over-transferred. A transfer figure simply isn’t a revenue figure, and the Legislative Revenue Office puts a one-quarter lag on transfers among the reasons a fiscal year’s revenues never line up with what left the building.
You can watch the damage downstream. Third-party trackers carry lifetime totals for this one small market that cannot be reconciled with each other. One widely copied monthly table stops dead in the middle of 2022 and has never resumed, and another prints a lifetime handle several times larger than anything in the audited series on a definition it never states. Before you set Oregon against anywhere else, pin down the clock and the basis of both figures. Skip that and the comparison is decoration.
What Oregon’s Revenue Line Costs You Per Bet
The state’s revenue line isn’t an abstraction. It’s the price you paid, and in Oregon it runs roughly double what a standard two-way market charges anyone who can shop.
Start with the price, not the aggregate. A spread or total posted at -110 on both sides carries a two-way overround of 4.76%, a hold of about 4.54%, and a break-even of 52.38% of those tickets. Read that 52.38% carefully, because it’s the most misused figure in betting writing. It’s what the price implies you have to clear, not a claim about anyone’s chances of winning a game. The price tells you what a winning ticket pays. The event has whatever true likelihood it has, and the whole craft, sharp and square alike, is the distance between the price and the likelihood. If that’s new to you, reading betting odds starts from the beginning.
| Two-way price | Overround | Hold | Break-even |
|---|---|---|---|
| -110 / -110 | 4.76% | about 4.54% | 52.38% |
| -105 / -105 | 2.44% | about 2.38% | 51.22% |
| -120 / -110 | 6.93% | 6.48% | — |
Oregon’s actual result is where it gets awkward, because one year yields three defensible answers.
-
$105,275,524 net revenue before discounts
- By this volume figure
- $888,662,574 wagered net of cancellations
- And Oregon’s hold reads
- 11.85%
-
$89,958,000 net receipts after discounts
- By this volume figure
- $888,662,574 wagered net of cancellations
- And Oregon’s hold reads
- 10.12%
-
$89,958,000 net receipts after discounts
- By this volume figure
- $927,000,000 from the annual report
- And Oregon’s hold reads
- 9.70%
All three are ours, worked on state-printed amounts, and all three are right for what they measure. Promotional credits are the wedge between the first two, since the $15,317,524 booked as player incentives came off revenue and went to bettors as Oregon sportsbook promos instead of into the state’s pocket. So an “Oregon hold” figure is unreadable until you know which revenue line it divided, and hardly anyone who quotes one says.
Anyone offering you a multi-year Oregon hold trend built from state documents is padding, by the way. Amounts wagered are disclosed for the current year only. What the state does show across years is a growth rate coming down, plus a hold that reads double the straight-bet figure in the single year it can be computed cleanly.
The parlay mix does most of that work. House edge on a two-leg parlay at -110 legs runs 8.9% against 4.54% on a straight bet, and it climbs steeply from there, which parlay betting walks up leg by leg.
Carry two prices around with you. Reduced juice at -105 both ways drops the overround to 2.44%, the hold to about 2.38% and the break-even to 51.22%, and hunting for it is the cheapest improvement a recreational bettor can make anywhere. An Oregonian with one app can’t make it. Wide prices are the other half of the same coin, and a market posted -120/-110 carries a 6.93% overround and 6.48% hold. With no second book to measure the first against, a wide price in Oregon stays wide.
What It Costs Oregon to Run One Sportsbook
The DraftKings deal gets written up as a secret. Its terms have been sitting in the Lottery’s audited notes the whole time, and they’re specific enough to end the guessing.
A sports wagering contract was signed in December 2021. The term is seven years from the launch date of January 18, 2022. Additional extension terms can be negotiated. Fees under the contract are 49 percent of net receipts (wagers less prizes but not including player incentives and related prizes) and 51 percent of player incentives and other expenses such as league fees and costs related to player account servicing. However, player incentives are capped at 15 percent of net receipts and player costs are capped at 4 percent of net receipts. The contract generally can only be terminated for contract breaches and changes of legal standing to engage in sports wagering.
Read what that describes. Not a flat split of the take, but a fee structure with two ceilings, and the parenthesis is doing real work. Net receipts there means wagers less prizes and excluding incentives, which is the $105,275,524 line from the ladder above, not the $89,958,000 the statements report as revenue. Measure FY2025’s $15,317,524 of player incentives against the right base and it lands at 14.5 percent, just inside the 15 percent ceiling. Measure it against the wrong one and you’d have the vendor blowing through a cap it never touched.
The same note gives you the size of the arrangement. Lottery expenses for sports wagering in FY2025 came to $47,502,062, booked as game vendor charges, which is 52.8 percent of reported net receipts and leaves $42,455,938 before a single constitutional slice comes off. Across the whole agency, game vendor charges reached $58,804,121 for the year, and the Lottery attributes a $6.7 million rise in that line primarily to increased sports wagering activity.
For a sense of whether $47.5 million is a lot, look at what the agency pays for everything else it runs. The traditional-products software and services contract, live since May 23, 2021 on a five-year initial term with two five-year options, costs 2.5047 percent of net sales and came to $10,794,834 in FY2025. One product line costs more than four times the platform running all the others, and that’s the difference between buying a national sportsbook and operating one.
Termination is narrow. Contract breaches and changes of legal standing to engage in sports wagering, nothing else, so nothing about this arrangement shifts mid-stream regardless of what any legislature does.
The note’s own arithmetic puts the end of the term in January 2029, seven years from January 18, 2022, with extensions negotiable. It’s a date rather than a prediction, and it’s the fact missing from every “is a second app coming to Oregon” story ever written about this state.
What the notes never disclose is the other side of the ledger. They account for what the agency spent, not what the vendor earned, and that $47,502,062 covers league fees and player-account servicing alongside the vendor’s own fee. No Oregon document breaks out a profit for the company running the app. DraftKings Oregon covers what the app does and doesn’t give you, including the college board it will never carry.
Where the Money Lands, in Dollars
Oregon dedicated its sports betting proceeds to the state pension system, and the state’s current forecast allocates that fund nothing at all this biennium.
The route is short. Sports betting revenue transfers into the Economic Development Fund, which puts it through the constitutional distributions first, and whatever remains transfers on to the Employer Incentive Fund.
Watch it work on the last completed cycle. For 2023-25 the state forecast $60.529 million of sports betting lottery earnings and $28.186 million reaching the Employer Incentive Fund on the pension side. Now take the current biennium in the June 2026 forecast, where sports betting is up to $86.430 million and the Employer Incentive Fund line reads $0.000. The revision columns show that figure never moved, so this is an allocation schedule that budgeted the pension fund nothing for 2025-27, not money going astray. The line returns at $57.901 million in 2027-29.
Why the pension fund at all is a question almost nobody answers. The 2019 legislation that brought sports betting back dedicated its net proceeds to the Public Employees Retirement System’s Employer Incentive Fund, created the year before, where the money funds the state’s 25 percent match on a participating employer’s contribution. Your losing parlay is, by design, matching money a school district put toward its pension liability.
Percentages hide how big some of these are, so here they are for 2025-27 in dollars.
| 2025-27 allocation from lottery resources | Forecast amount |
|---|---|
| Other legislatively adopted allocations, including debt service and the State School Fund | $1,084,782,000 |
| Education Stability Fund | $291,603,000 |
| Parks and Natural Resources Fund | $276,823,000 |
| County Economic Development | $59,784,000 |
| Outdoor School Education Fund | $48,061,000 |
| Oregon Capital Matching Fund | $33,820,000 |
| Veterans’ Services Fund | $27,682,000 |
| HECC Collegiate Athletic and Scholarships | $18,853,000 |
| Gambling Addiction | $18,721,000 |
| County Fairs | $5,744,000 |
| Employer Incentive Fund (PERS) | $0 |
Collegiate athletics is the line with the sting in it. Oregon puts $18,853,000 into athletic programs and scholarships this biennium, and the older piece of that dedication predates the app by decades, running at roughly $10 million a biennium for university athletic programs. Lottery money supports the athletic departments whose games the state’s app is not allowed to price.
Ask where the money goes and the biggest line by far isn’t a cause at all. Other legislatively adopted allocations run $1,084,782,000 for 2025-27, covering debt service, the State School Fund and other agency allocations, and no bettor’s losses can be traced to any of it.
For scale, whole-Lottery accruals to the Economic Development Fund for FY2025 came to $896,614,060 including $9,187,766 of unclaimed prizes, with sports betting broken out nowhere inside that figure. A constitutional ceiling shapes the entire waterfall, since no less than 84 percent of what the agency takes in each year has to come back to the public as prizes and public-purpose revenue, with administration capped at the other 16 percent, and the audit prints its own compliance table against both tests.
Oregon sports betting laws carry the sections that create the fund and direct the remainder. One live proposal is worth flagging. A 2026 bill would have created a continuing allocation of lottery revenue to support horse racing events and facilities, operative July 1, 2027, and it went into a Senate committee and stayed there. If you follow Oregon horse racing betting, treat that waterfall as unchanged for now.
The Four Tax Numbers People Quote, and What Each One Really Is
Four different percentages circulate as Oregon’s sports betting tax rate, and not one of them is a tax rate. Working out which document each describes is most of the job.
Reprinted across Oregon coverage and matching no Oregon statute, rule or audited line anywhere. Unsupported, and we’re not going to point you at the pages carrying it.
A vendor fee structure with two caps, lifted from the commitment note above and reported almost everywhere as a levy on an operator. The figure is real. What people attach to it isn’t. Fees run 49 percent of net receipts one way and 51 percent of incentives and other costs the other way, and reading that as a 51 percent tax on revenue inverts what the note describes. The Lottery’s own material says only that it “will receive a percentage of the net proceeds,” and no state document states a flat 51 percent share of anything.
Withholding on a winning bettor’s prize, collected from the winner and landing with the Department of Revenue. It appears nowhere in the Lottery’s sports wagering revenue line, because it isn’t the Lottery’s money and never touches its books.
The Lottery is a state agency, and Oregon law forbids any tax on the sale of a lottery ticket or share, which is what a wager on the state’s app legally is. There’s no gaming tax here to have a rate.
Keeping the two ledgers apart is the whole point. One is what a state agency earned and spent. The other is what you owe on a winning ticket, and Oregon gambling taxes has the thresholds, the forms and the mechanics of that side.
What Oregon’s Revenue Figures Don’t Count
Every Oregon sports betting figure you’ll ever read is one app’s figures, which makes each reported total a floor on the state’s real betting volume, not a measure of it. The audit is scoped as an enterprise fund of the State of Oregon, so by construction it reports the agency’s own activity and nothing else. The college hole is the biggest thing missing.
Tribal retail books come first. Compacted gaming across nine tribal-state compacts answers to tribal regulators, with Oregon State Police providing regulatory functions through a dedicated section, and none of that reporting flows into the Lottery’s enterprise fund. No public Oregon document carries retail sportsbook handle from any tribal property.
Then every college wager placed in this state, because the app takes none of them. The Lottery’s answer is unambiguous, that “Oregon state government has opted not to allow Lottery to offer college wagering at this time.” We’re not going to invent a figure for what that costs, and the structural point beats an estimate anyway. The Oregon college betting ban explains how a policy nobody wrote into statute swallowed an entire category.
Those two exclusions compound, and that part rarely gets worked through. A tribal counter is the only legal in-state route to a college bet, and tribal volume goes unpublished too, so Oregon’s largest untaken market is invisible twice over. Oregon tribal casino sportsbooks covers which properties take that action, and betting the Ducks is the whole subject of Oregon football betting.
Daily fantasy sits outside the ledger by product definition. The Lottery describes it as “a separate DraftKings product and not part of their sportsbook offering,” notes that other providers offer it in Oregon, and records that the company stopped paid fantasy contests here on July 26, 2021. Entry fees land in none of these figures, and Oregon daily fantasy sports covers who actually runs contests now.
Prediction-market contracts sit outside it for a different reason, settling as financial instruments on federally regulated exchanges under commodity rules rather than as lottery prizes. No Oregon state figure for that volume exists, and where Oregon prediction markets stand legally is genuinely unresolved.
Offshore volume is the outflow nobody can size. No book breaks out state-level figures and no US regulator collects them, so anyone quoting you an offshore share of Oregon’s market made it up. What is checkable is that Oregon sits on no featured book’s exclusion list, so the money leaving is real even if the amount isn’t. Which offshore sportsbooks take Oregon players, and what getting paid costs at each, is its own long answer.
One more leak escapes every tracker. An Oregon account holder can bet from another state where the operator is live, and that volume counts where the bettor is standing rather than where the account was opened.
The Books Taking Oregon Bets Outside the Lottery’s Numbers
Money that never reaches the state’s figures has to go somewhere, and this is where. The trade cuts both ways. The Lottery puts a state agency legally behind your ticket, gives you somewhere to complain, and posts a board with no college on it. The three books below carry the full college card, pay out in crypto and give you a second price to measure the first against, with no US regulator standing behind any of it and real friction when you cash out. Neither side is a free lunch. We earn a commission if you open an account through the links here, which changes nothing about the terms below, and offers move, so confirm them on the book’s own site before you deposit.
Oregon sets its floor at 21 for sport, which the Legislative Revenue Office states plainly, and these books set their own. MyBookie requires 21. Bovada and BetOnline both take players at 18.
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#1

Bovada
Verdict. The deepest college board of the three and the quickest routine crypto payout, for a bettor who’ll read the dormancy clause before parking a balance.
The welcome offer is a 50% deposit match up to $250, or 75% up to $750 if you fund with crypto, and it carries a 5x rollover on deposit plus bonus, so a $250 deposit with a $125 bonus means $1,875 of sports wagers before you can cash out.
- Bovada’s own exclusion list names twenty jurisdictions and Oregon isn’t among them.
- Bitcoin withdrawals go through a review of roughly 24 to 48 hours and start at $75, while a paper check takes 10 to 15 business days if you insist on one.
- Dormancy is the clause that catches people, since eighteen months with no deposit, withdrawal or wager zeroes the balance outright rather than charging a fee against it.
- Takes players at 18.
Bovada Oregon has the deposit fees and the withdrawal caps in full.
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#2

BetOnline
Verdict. The pick if you refuse to chase a rollover, because the welcome offer doesn’t come with one.
The No Strings Welcome Offer with code FREE250 returns 50% of a first-ever deposit as free bets up to $250 plus 100 free spins, on a $50 minimum deposit, with no rollover requirement attached to the bonus.
- BetOnline’s terms and rules name no excluded US states at all.
- A crypto cashout typically clears inside a day, frequently in a few hours.
- Going in, know that every deposited dollar still carries a 1x rollover before withdrawal whether or not you took a bonus, and that the first cashout brings a government photo ID request along with copies of the cards you deposited with and a document for your address.
- Takes players at 18.
BetOnline Oregon has the banking detail.
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#3

MyBookie
Verdict. For the Oregonian who wants a book whose age floor matches the state’s own, and who cashes out to Bitcoin instead of a bank.
The welcome offer refunds a losing first bet as free play up to $500, plus $25 in casino credit, with a single 1x rollover on the refund and a $50 minimum deposit.
- MyBookie’s rules name no excluded US states either, and its 21 minimum is the only one of the three that matches Oregon’s floor for sport.
- Bitcoin is the only fee-free payout and takes about a day end to end.
- Withdrawal rules are tighter than the other two, at one payout per method per week under a $10,000 weekly cap, and an idle account gets charged the greater of 5% of the balance or $5 a month once twelve months pass.
- Requires 21.
MyBookie Oregon has the rest of the terms.
Not one dollar wagered with the three books above enters any figure on this page.
Open an account at BovadaDraftKings deserves its due here instead of a brush-off. For anything except college it’s a good product, and the fair complaint is a promotional offer thinner than the same brand runs in states where it has competition to worry about. DraftKings vs offshore sportsbooks in Oregon sets them side by side, and Oregon sportsbooks covers the wider field.
Seasonality, Flattening Growth, and What the State Expects Next
Everyone writes the same seasonality section about NFL Sundays and March Madness with no Oregon data in it, and Oregon’s own forecasters have concluded the opposite. The state economist’s June 2026 report finds sports betting “is exhibiting less seasonality than originally assumed. Players engage steadily across overlapping sports calendars, suggesting that Oregon’s sports-betting market has matured into a stable, year-round revenue source.”
Sit with why that would be true here in particular. The two most violently seasonal events in American betting are the college football autumn and the NCAA basketball tournament, and neither exists on Oregon’s app by policy. Strip both out and what’s left is a year-round menu of professional sport with no autumn mountain in it. The state hasn’t drawn that connection itself and no Oregon document breaks handle out by sport, so the flat curve its forecasters noticed is one of the few measurable consequences of the college carve-out anyone can point at.
The forward figures answer where this is heading, and they’re modest.
| Biennium | Forecast sports betting earnings | Revision since the March 2026 forecast |
|---|---|---|
| 2025-27 | $86.430 million | +$2.385 million |
| 2027-29 | $88.399 million | +$4.650 million |
| 2029-31 | $91.959 million | +$4.954 million |
| 2031-33 | $95.534 million | +$4.955 million |
| 2033-35 | $98.993 million | +$5.279 million |
Work those rows and you get roughly 2.3 percent growth from this biennium into the next, then about 4 percent per biennium after that, against the 19.8 percent single year the audited statements just recorded. The 2025-27 figure also sits $12.588 million above what was assumed at the close of session, so this product is beating forecast and decelerating at the same time. Both halves are true.
Mind the basis before you borrow any of it. The forecast’s own chart plots sports betting transfers by fiscal year on a scale topping out near $50 million a year, and transfers are a different series from net receipts entirely. Mixing the two into one table is how bad Oregon charts get made.
What the forecast can’t see matters as much as what it projects. It models Lottery products, so nothing in it prices prediction-market volume, pick’em fantasy contests, or a second operator arriving, and no Oregon state document forecasts any of those.
The rest of the agency’s portfolio puts the sportsbook in relief. Traditional lottery is revised down in later biennia because of regulatory changes restricting couriers from facilitating out-of-state ticket purchases, which hits Powerball and Mega Millions hardest. Video lottery is stabilizing on the Sierra terminal rollout after steep declines. Only betting trends up across the whole horizon.
Two dated events could actually move the figure, and neither is speculation. The college exclusion is written as policy “at this time,” language that invites its own reversal. And the vendor contract’s seven-year term expires in January 2029. Single events still spike a month, as Super Bowl betting in Oregon shows in detail, but they no longer shape the year.
How Oregon’s Volume Compares
Oregon’s volume per resident looks weak for a legal state, and both reasons are structural rather than cultural. One price, and no college board.
| The calculation | Figure |
|---|---|
| Wagers placed, fiscal year to June 30, 2025 | $892,119,728 |
| Oregon population, calendar year 2024 | 4,272,371 |
| Handle per resident | about $209 |
The division is printed so you can check it, and so are its flaws. A fiscal-year numerator over a calendar-year population count is a mismatch, better flagged than buried. The denominator comes from the audit’s own demographic schedule, sourced to federal Bureau of Economic Analysis data, so numerator and denominator come out of the same document. It’s per resident rather than per adult, because a 21-and-over count would need the state economist’s demographic forecast and a different reporting basis again, and it would push the result up without making it any more comparable.
You’ll notice no other states in that table. A cross-state row belongs here only if it comes from that state’s own regulator, and printing nothing beats filling a column with figures from trackers that can’t agree with each other about Oregon. The comparison tables in circulation are years stale, so a current figure with its arithmetic shown wins without needing to be large.
The deeper problem is that the comparison isn’t apples to apples even when the arithmetic is right. Another state’s total aggregates a dozen operators, with promotional deductions that differ state to state and sometimes year to year. Oregon’s excludes tribal retail entirely and every college wager by policy. Rank those against each other and you’re measuring reporting conventions as much as betting appetite.
One wrinkle inflates Oregon’s figure and nobody accounts for it. Washington has no legal mobile sports betting and the app switches on inside Oregon’s borders, so Vancouver traffic crossing the river puts wagers into Oregon’s totals. We won’t attach a figure to it, but if you live up there, betting in Oregon as a Washington resident explains how it works. The leak runs the other way too, since an Oregonian betting inside another live state has that volume counted there, and Oregon betting apps covers where a location check puts you.
Questions Oregon Bettors Ask About the Money
What does the average Oregon sports bet cost?
About $26.49, which is smaller than most people guess. The Lottery’s annual report counts $927 million across 35 million tickets, and that division is ours. A ticket count that high against a state of 4.3 million people describes a small-stakes, high-frequency habit, not a market of big swingers.
Do free bets count as handle?
Yes, and the ladder above shows where their cost lands instead. Player incentives come off revenue rather than off wagers, so a free bet you place sits inside the $892,119,728 top line like any other, and its cost to the state surfaces further down as a discount. Handle rises when a book runs promotions even if nobody deposited another dollar.
Does the Oregon Lottery post monthly sports betting figures?
No. No monthly sports wagering report appears among the Lottery’s posted reports, and its own internal cycle is quarterly anyway, with budgeted revenues and direct expenses revised each quarter against updated forecasts. Monthly Oregon tables that circulate elsewhere trace back to data the agency releases in response to records requests, not to anything it posts, which is why they drift, disagree with each other, and in one prominent case stop in mid-2022.
Why is there no revenue record for Oregon’s old Sports Action parlay game?
Because the state never broke it out, and the money it raised got redirected rather than tracked. The 1989 legislation dedicated Sports Action proceeds to intercollegiate athletics, and when 2005 legislation repealed the sports games effective July 2007, that athletics funding was rewritten as a share of total lottery proceeds instead. The game ended and the dedication outlived it, so a fund created for a betting product now runs on every other game the Lottery sells.
Did the Lottery hit its own sports betting projection last year?
No, though it missed by far more elsewhere. Video lottery gross receipts came in $196,278,634 under the adopted budget in the same schedule where sports wagering missed by $34,437,206, which made the sportsbook the smaller of the two shortfalls in a year net revenue still grew.
Are tribal sportsbook figures reported anywhere?
No, and the contrast with the Lottery’s own disclosure is stark. The agency names its top ten retailers with their sales and prints lottery sales by county, while no Oregon document carries a single tribal sportsbook’s handle. Compacted gaming reports to tribal regulators, not into a state enterprise fund.
Does the state make money when I win a bet?
The opposite, in the accounting sense, since prizes come off wagers before anything reaches the revenue line. A heavy favorite winning on a big Sunday dents the figure directly. What reaches public programs isn’t a straight function of what bettors lost either, because the Lottery held back $2,800,398 of FY2025 results for its contingency reserve before transferring the rest.
How These Figures Were Checked
Four primary documents carry the figures above. The Oregon State Lottery’s annual comprehensive financial report for the fiscal year ended June 30, 2025 is the audited backbone, holding the handle, prize, discount and contract detail. The Oregon Lottery Annual Report 2025 supplies the bet and player counts on its calendar-year footing. The Oregon Office of Economic Analysis Economic and Revenue Forecast of June 2026 provides the forward series and every allocation figure in dollars. Legislative Revenue Office Report #1-25, dated February 3, 2025, carries the long-run history, the transfer lag, the athletics dedication and the age rule.
Update timing is predictable. The audit arrives after each June 30 close, the state forecast refreshes quarterly in March, June, September and December, and the annual report lands separately from both. The legislative history report carries a February 2025 date, so treat that material as current to 2025 rather than to today.
Several figures here are our arithmetic on state-printed amounts rather than state statistics, itemized so none of them gets mistaken for an official line. The three hold percentages, the year-over-year changes, the $290,153,704 cumulative total, the 88.2 percent prize return, the incentives share of net revenue before discounts, the 52.8 percent expense share and the $42,455,938 left after it, the average bet, the biennium growth rates, and the handle per resident.
Bonus, rollover, dormancy and payout terms were verified against each book’s published terms on July 26, 2026. Terms change, so confirm them on the book’s site before depositing.
When the Numbers Are Your Numbers
The share of each wagered dollar the app keeps is a statistic right up to the moment it’s coming out of your account. A rising hold means the average Oregon ticket got more expensive, not that anyone had a run of bad luck, and every state total above is just the sum of what players didn’t get back.
Oregon funds the help rather than gesturing at it, with $18,721,000 budgeted for problem gambling across 2025-27, about one percent of net lottery proceeds, and it costs the person using it nothing.
If betting has stopped being something you choose and turned into something you manage, you can call or text 1-800-MY-RESET around the clock, free and confidential, and 1-800-522-4700 reaches the same national line. Oregon’s own front door is OPGR.org or 1-877-MYLIMIT.
Responsible gambling in Oregon has the self-exclusion forms, the counseling, and what the state’s app and the tribal properties each cover.