It’s a good day for sports bettors in the state of Oregon. The Oregon Lottery announced more detailed plans to have mobile sports betting live by the start of NFL season.
The Oregon Lottery revealed the online sports betting system that will allow players to be via internet will be called the Oregon Lottery Scoreboard, according to Fox 12 Oregon. The OLS will allow bettors to bet on almost every major sport, including NFL, NBA, NHL, MLB and much more.
However, college athletics will not be part of the sports betting menu as they’ve been banned from the app. That means residents of the Beaver State won’t be able to bet on their beloved Oregon Ducks or Oregon State Beavers.
In terms of the types of wagers that will be available to the players, it’s all the standard options: Single-game bets, parlays and live in-game bets as well. The mobile app and desktop version are undergoing testing but the Oregon Lottery has stated that its goal is to have it up and running by the start of the NFL regular season on Sept. 5.
Eventually, the state would like to add in-venue sports betting. That could mean either casinos and/or sporting arenas. Note that commercial casinos are not permitted to operate in Oregon, but tribal gaming venues are open for business.
To play, bettors will have to be Oregon residents age 21 or older.
Oregon will be the first of the Northwest states to legalize online sports betting, which means it’ll have a bit of a regional monopoly on the market. Washington introduced a bill to allow sports betting but only in-person at tribal casinos, while Idaho and California simply aren’t on the map.
Keep in mind that this doesn’t mean that people from those states will be able to bet on The Oregon Lottery Scoreboard. The sports betting platform, which is being created by SBTech, will be required to include geofencing to ensure that players who use the app or online website are strictly from Oregon.
The state partnered with GeoComply, one of the industry leaders in this realm, who will take on the challenge of filtering through those residents who might be near-by in bordering states and are trying to game.
Oregon is banking on sports betting revenues to give their budget a boost – especially the Public Employees Retirement System. With just under 150,000 retirees, the retirement system is underfunded by about $22.3 billion.
Of course, sports betting won’t account for all of that but any wins Oregon can get from gaming will go to help in that realm. It’s just one of several methods the state is using to cut down on the burdensome pension costs.