A new invoice from Governor Kate Brown would shift Oregon Sports betting from a single government sponsored app to a competitive market.
In true Portlandia fashion, however, the strangely worded six-page bill has a few quirks. It includes a vague fee structure but no tax rate and appears to be respectful of leagues and colleges on several issues.
HB 2127 received his first reading on Monday in Oregon House and has not yet been referred to committee. If passed, the bill would represent a major change in the way OP sports betting is managed.
What’s on the Oregon Sportsbook Bill?
Brown requested the bill on behalf of the Oregon Racing Commissionwho would oversee Oregon sports betting under the legislation. It would expand the options for bettors by allowing any number of operators to offer sports betting apps.
How much money these sports bets would owe the state remains a mystery, as no tax rate is listed on the bill. It gives the Commission the power to establish rules that would take control of OP sports betting from the Commission Oregon Lottery.
In fact, the nebulous wording about revenue does not match that of another US sports betting bill:
Each sports betting licensee is charged an additional fee that does not exceed 10 percent of gross sports betting income. Seventy-five percent of the additional fee determined under this paragraph will be paid to the Treasury General Fund in the balance of the Oregon Racing Commission account. The remaining 25 percent of the additional fee determined under this paragraph will be made available by the Racing Industry Support Commission.
Further details of the design are:
- Do not exceed the annual license fee $ 50,000
- Mandated use of official league dates Evaluate in-play bets
- Oregon’s ban lifted College sports betting
- Allow Leagues and Colleges Request bans on a number of bet types
Not many options for Oregonians today
Sports betting in Oregon currently only comes in two forms. Bettors can use the state lottery Scoreboard mobile app or personal wager in some tribal casinos.
The Oregon Lottery launched scoreboard in October 2019, Partnership with SBTech monitor its operation. This contract turned out to be far better for SBTech than for the state.
In Oregon ‘s first six months of mobile deployments, the state nearly lost $ 2 million despite net sales of almost 6 million dollars. The direct payments to SBTech and other providers were the lowest during this period $ 2.9 million, according to information from Legal Sports Report and The Oregonian in March 2020.
To date, Oregon weather has more than $ 263 million on bets that result in less than $ 23 million in the income from sports betting from the last month. Those numbers rank near the bottom end of the states with legal sports betting, a consistent trend among single operator markets.