Last updated on March 6th, 2021 at 08:01 pm
The Oregon sports betting handle in October is the highest the state has seen. However, the November betting handle is not as good, showing a 15% decline. The total betting handle for the state for November is just above $25 million, which is $4.4 million less than the previous month’s handle. This is quite odd, as many a pay per head bookie are actually seeing increases in their handle the past few months.
But as what sites like PricePerPlayer.com and their guides tell us, handle is just one part of the big picture when it comes to running a sportsbook. As a bookie, your bottom line in your revenue. And as long as your revenue is doing well, then you can breathe a little easier.
Oregon Sports Betting Handle and Revenue
In the case of Oregon, while the betting handle for October is down, its revenue is actually doing really well. So well, that they actually have almost 50% increase in revenue. Let’s take a recap on how the revenue for the state has been improving. In October, we saw a whopping 80.1% increase of revenue to $2.75 million from September. This November, we saw a 50% increase to $4.1 million. This is the highest revenue that Oregon has ever seen. Meanwhile, its hold percentage for this period is 16.44%.
Many sportsbook pay per head reviews will talk about how each sportsbook will have different offerings that gives the public many betting options. It also brings more competitive odds that bookies need to adjust depending on the market. But this is not the case in Oregon, as there is only 1 licensed sportsbook in the state. Not only that, but it’s a mobile sportsbook, with limits on collegiate sports betting. Despite these limitations, the state is still apparently doing well.
