Menu
Betting

Oregon Sports Betting App Goes Live After Delayed Launch Date

oregon lottery

The Oregon Lottery has launched its sports betting app, which will allow people within the state to "place legal wagers on professional sports and is the agency's first venture into online sales and gameplay," according to Jayati Ramakrishnan of the Portland OREGONIAN. The app, Scoreboard, was supposed to launch "in time for football season, but the rollout was delayed" until yesterday. The Oregon Lottery estimated the app would bring in a net profit of $37M on $1.6B in sports betting "during the first three years the app is in use" (Portland OREGONIAN, 10/17). CNBC.com's Jabari Young noted Oregon is the eighth state to "add a live sports betting app," and one of 12 states "offering legal mobile sports betting via an app." The lottery "partnered with SBTech, a privately run company that specializes in sports betting services." That company also runs the Churchhill Downs sports betting service. Oregon Lottery Public Information Manager Matt Shelby said that the "decision to select SBTech to create the Scoreboard app came down to the company's experience with sports betting." Scoreboard will also "offer in-game betting to allow players to take advantage of real-time game situations," including the in-state Trail Blazers. Officials "aren't charging consumer fees in hopes of attracting more business" (CNBC.com, 10/15).

MOBILE PUSH: CNBC's Contessa Brewer said the continuing legalization of sports wagering has been the "talk of the Global Gaming Expo" going on in Las Vegas this week. Brewer noted "more than 50 partnership deals have been made." She said, "It really illustrates the importance of mobile pushing forward. How important is it? So important that Rhode Island legalized sports betting without legalizing mobile betting and then they realized they weren't maximizing the potential of sports betting in terms of getting that tax revenue. They went back to the table and legalized mobile betting." MGM says that mobile wagering is "crucial to their future" because they think 80% of their revenues are "going to come from mobile games, meaning not just sports bets, but casino bets as well" ("Fast Money Halftime Report," CNBC, 10/16).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2019/10/17/Gambling/Oregon-Betting-App.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2019/10/17/Gambling/Oregon-Betting-App.aspx

CLOSE