In the last few years, there has been increased interest in online sports betting across the United States and Oregon is not left behind.
After the landmark Supreme Court ruling of 2018, which struck down the Professional and Amateur Sports Protection Act (PASPA), there has been an increased popularity of Sports betting as a popular pastime and entertainment for many people, including the residents of Oregon.
This article will examine the advancements in the online sports betting industry in Oregon and the factors responsible for its success, and the impact on the Oregonian economy.
1. Legalization and Regulation
Online sports are now legal in Oregon, but it has been a long road to get to the current state.
In 2019, the Oregon legislature passed a bill to make sports betting legal in the state, and the legislation empowered the Oregon Lottery to oversee sports betting in the state.
That resulted in the establishment of the ‘Scoreboard’ platform in October 2019. Initially, the Scoreboard offered limited sports betting options and markets.
However, things got moving quickly in 2020 when the state legislature made the Oregon market more liberal, opening the pathway for DraftKings to partner with Oregon Lottery.
2. Large Pool of Betting Options
Betting enthusiasts in Oregon can enjoy wide-ranging betting options, meaning that Bettors can place wagers on any sport of their choice.
The list of sports available on Sportsbook cuts across the most popular American sports like Football, Basketball, Hockey, and Baseball.
Other sports like Soccer, Tennis, Golf, Boxing, and esports feature prominently on these platforms.
Additionally, Sportsbooks offer differing types of bets like spread, money line, over/under, and prop bets. This variety caters to the preferences of players.
3. Offers and Promotions
Oregonians have access to a wide variety of promotional offers to old and new customers. Chief among these offers is a Sportsbook bonus available to players.
Although Oregon is way behind in terms of the Sportsbook bonuses available to players when compared with some other states. For example, there is a big pool of New Jersey Sportsbook promos for players in New Jersey.
However, Oregon is not too far behind. Currently, players in Oregon can enjoy the Draftkings sign-up bonus, which is one of the numerous sportsbook bonuses listed on the betting bonus comparison site www.bettingbonus.com.
However, given the rate of growth currently being experienced in Oregon, more Sportsbooks are expected to join the fray in no time.
4. Economic Impact
Online sports betting is a multi-billion dollar industry and a means for revenue generation. It goes without saying that sports betting in Oregon has had a positive impact on the local economy.
With the advent of Sports betting in Oregon, there have been more job opportunities in different sectors like Marketing, Customer service, Information technology, and many more.
The State has also been enjoying the financial windfall generated through taxes on sports betting.
5. Entertainment and Fan Experience
Sports generally provide a great deal of entertainment for Sports fans. Even more so, sports betting fosters increased levels of fan engagement.
Sports fans can now be more interested in sports now more than ever. The thrills of online sports betting and the adrenaline adds to the fan excitement and enjoyment of sporting events.
6. Responsible Gaming Measures
Even with a thriving sports betting industry, the importance of responsible gambling cannot be overstated.
Oregon has done well in terms of putting measures in place to forestall irresponsible or problem gambling. Sportsbooks have tools such as self-exclusion programs, deposit caps, and account deactivation to curb gambling addiction.
The overall growth of online sports betting in Oregon is a reflection of the broader trend in the United States. The legalization of online sports betting in Oregon and the partnership of Draftkings with Oregon Lottery has aided the tremendous growth being witnessed today.
The accessibility and convenience of online sports betting have played a part as well. Online betting has gotten off to a great start in Oregon, and it can only get better. However, it is important to ensure a healthy balance between this form of entertainment and responsible gaming for the sustained growth of the industry.