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Oregon Sports Betting Pushed by State Lottery

Lottery officials intend to launch Oregon sports betting in time for football season. The lottery hopes to put the state at the forefront of a national sports betting bonanza after a U.S. Supreme Court decision last May cleared the way for every state to get into the business. The numbers are potentially huge. Ten months since New Jersey sports bets went live, its “handle” (total dollars wagered) has topped $1 billion per quarter. Investment bank Morgan Stanley last November predicted that American sports betting could reach $215 billion a year by 2025. “There is a huge pent-up demand,” said David...
The post Oregon Sports Betting Pushed by State Lottery appeared first on This Week in Gambling .

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