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Oregon Lottery will lose money on sports betting this year
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.
Prior to launching
Feb 25, 2020, 7:17 am - Todd - Lottery News
Sports betting at Yankee Stadium? It could happen under New York legislation
A sponsor of sports betting legislation in New York said the bill likely would allow for in-person wagering at places like Yankee Stadium and Madison Square Garden.
Assemblyman Gary Pretlow said Friday the legislation he announced this week is being tweaked and will have that provision unless he receives strong opposition.
That is one of the changes, that we would open it up to have affiliates such as Madison Square Garden, which has expressed an interest in doing this, the Westchester Co
Mar 4, 2019, 9:03 am - Todd - Lottery News
The Oregon Lottery is moving aggressively toward mobile phone betting
The first apps could debut next month
A Jantzen Beach sports bar called Bradley's did more video lottery business last year than any of the nearly 4,000 other lottery retailers in the state.
Bradley's took in $1.96 million in 2017. That means a video lottery player pushed a $20 bill into one of Bradley's machines every four minutes every day of the year.
But the Oregon Lottery looks at Bradley's success and sees trouble: an old-school tavern unlikely to attract young Oregonians glued to
Jun 14, 2018, 8:28 pm - Todd - Lottery News
$1.7 billion in combined jackpots, as USA multi-state lottery games peak together
Yes can't have no automatic sports car.
Mar 21, 2024, 12:39 pm - Droptop209 - Lottery News
Lottery Post announces YouTube channel relaunch
Joe Rogan, gematria effect sports can beat him.
Jun 12, 2021, 2:03 am - wander73 - Lottery News
A reporter won the lottery and quit her job, live on air — only to find the payout was about $5,500
Global BC sports anchor wins raffle house live on Global BC
Dec 27, 2019, 5:14 pm - user34 - Lottery News
Iowa lottery player wins $1 but is treated like millionaire
Awesome Job @Iowa lottery for being good sports!
Jan 18, 2019, 12:33 pm - LovelyGemini - Lottery News
WV Lottery Director resigns day after sports betting goes live
Maybe his desire to bet sports (legally) overcame his keeping his position!
Sep 2, 2018, 7:15 pm - Coin Toss - Lottery News
Pennsylvania Lottery is now offering simulated sports games, much to casinos' dismay
Betting on simulated sports games? That's BS when there's real sports games to bet on.
Aug 18, 2018, 4:56 am - MillionsWanted - Lottery News
Pennsylvania Lottery is now offering simulated sports games, much to casinos' dismay
Simulated sports games are about as much related tp sports betting as T-ball is to pro baseball.
Aug 17, 2018, 11:59 pm - Coin Toss - Lottery News