Mobile sports betting is now legal in Oregon, thanks to SBTech, a global leader in sports betting technology and solutions. SBTech, in partnership with the Oregon State Lottery, launched the first legal Oregon Sports Betting App.
Sports fans in Oregon can wager on a wide range of events through the new sports betting platform ‘Scoreboard’.
Oregon Sports Betting App Launch
Last year, the Super Court of the U.S. overturned a federal ban on sports betting. With this new launch, Oregon will join the other seven states to offer legal live sports betting app.
Sports fans may place bets via the Scoreboard app and Oregon Lottery Sports website, with in-person sports betting kiosks set to launch in 2020. The Oregon state lottery officials expect the first year’s numbers to reach $300m in wagers.
Barry Pack, Director of Oregon State Lottery, said: “This is an exciting time for the Oregon Lottery, as we leverage technology to enable Oregonians to legally and safely bet on their favourite sports. SBTech is an invaluable partner to us, and we look forward to using SBTech’s innovative products to provide an engaging, entertaining and seamless experience for our players.”
The app uses Geofencing technology, global positioning to determine the user’s location. In simple words, Oregonians can gamble on the Scoreboard app only if located within the state of Oregon. Not to mention, a player has to be 21 years or more to use the app.
With Oregon sports betting app, players get paid in real dollars. Players must establish a funding account in order to place a bet. The new Oregon sports betting app will be insured by the FDIC and won’t hold more than $250,000 per account. Certainly, SBTech has the right to review individual bets and report the fishy activities to lottery officials for further examination.
SBTech Scoreboard Oregon Sports Betting App
SBTech, with more than 1,200 employees in 10 offices worldwide, is a privately-run company that specializes in sports betting services. Since 2007, it has experience in developing some of the popular online casinos and sports betting platforms.
The Oregon State Lottery is SBTech’s first lottery partner in the US. However, it has immense experience working with top-notch lotteries around the world, including Denmark, Azerbaijan, Czech Republic, Finland, Sweden, and South Africa.
Not to mention, SBTech’s partnership with leading US operators such as Golden Nugget, Resorts Casino Hotel, and Churchill Downs.
Players will have an option to wager with a variety of bet types including live bets, prop bets and futures. Furthermore, the players will have access to place bets on all major leagues and sports including the NHL, NFL, NBA, MLS, NASCAR, PGA, MLB and many more.
Wanna bet? Take a look at our Picks and Parlays pages:
In addition, Scoreboard sports betting app will also offer in-game betting for real-time game situations. Such as in-game betting of the State’s NBA team, Portland Trail Blazers.
Oregon State Lottery Figures
The citizens of Oregon approved the initiative petition to launch the Oregon Lottery in November 1984. The Oregon state lottery began selling tickets on April 25, 1985.
Since then, it became the main source of funding for important Oregon programs. The Oregon State lottery earned more than $12 billion for programs like Public Education, State Parks, Economic Development, Veterans Services, and Watershed Enhancements.
The Secretary of State’s Audit Division awarded a ‘Gold Star’ over 20 times to the Oregon State Lottery for the excellence in financial reporting
The Oregon Lottery estimated the Scoreboard app would bring a revenue of $141.2m for the first 3 years after the launch. Furthermore, the state lottery expects the app to bring a net profit of $37 million on $1.6 billion in sports betting for the span of the first three years of app usage.