Oregon Lottery will lose money on sports betting this year

Comment #6

Stack47 — Thu, 27 Feb 2020 01:29:33 GMT

Wilder blamed the 40 pound costume he wore into the ring.

Comment #5

noise-gate — Thu, 27 Feb 2020 00:53:56 GMT

Did you say underestimated? Kinda like Deontay Wilder underestimating Tyson Fury..

Comment #4

Stack47 — Wed, 26 Feb 2020 21:05:22 GMT

It looks like they underestimated the overhead, but if those costs are not reoccurring, they should be fine. Is Online poker part of their package

Comment #3

db101 — Wed, 26 Feb 2020 07:04:42 GMT

Black market capture... I'm not an economist but that sounds to me like something that could be solved with better marketing. What is the biggest drawback of underground betting? If the organizers stiff you, you have no recourse. Play legally with the state, you'll always get paid what you're owed.

Comment #2

Bleudog101 — Tue, 25 Feb 2020 15:59:53 GMT

Time to dump this and get on-line lottery

Comment #1

music* — Tue, 25 Feb 2020 12:58:30 GMT

The Oregon Lottery made a bad bet. Go Oregon Ducks

Oregon Lottery will lose money on sports betting this year

Lottery Post — Tue, 25 Feb 2020 12:17:00 GMT

Agency cites higher start-up costs, lower margins and less betting activity than it expected

Oregon Lottery Director Barry Pack will present some unwelcome news at the Lottery Commission's monthly meeting on Feb. 28. Scoreboard, the agency's new mobile sports betting app, will lose money for the fiscal year that ends June 30.

Lottery will have a loss of $5.3 [million] from the program for the first nine months of FY '20, Pack said in a memo prepared for that meeting.

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