The Oregon Lottery officially launched it’s sports wagering mobile app and website late yesterday afternoon — Scoreboard.
Here are some of the initial numbers reported after the launch… as of 7 a.m. on Thursday morning, per a lottery source:
- 2,300 registrations.
- $80,000 in funds deposited
- More than $15,000 wagered already, with the Trail Blazers and Warriors preseason games on Wednesday night collecting the bulk of the action.
A few things you should know about Scoreboard…
Players are able to set limits for themselves on how much they want to wager as well as a limit on the maximum amount of money they are able to deposit on a daily, weekly, and monthly basis.
Once a new user creates an account on Scoreboard, players are able to wager a maximum of $250,000 using the game.
Users can wager on their favorite professional teams and a wide variety of other sports, including:
- Football – NFL and Canadian
- Basketball – NBA, Europe, Spain, Germany, France, etc.
- Soccer – US, England, Europe, Spain, Italy, etc.
- Motor Racing – Nascar, Formula 1
- Rugby Union
- Snooker & Pool
Scoreboard is geo-fenced only to Oregon, which means that it can only be played by people within the state. It is also not accessible on tribal lands.
Regardless of the regional restrictions, you don’t need to be an Oregon resident to use the app. If someone is traveling into Oregon from a neighboring state, they are able to place their bets on the app and then go home to monitor their wins and losses.
Overall, it’s reported that they are still working out some minor glitches as we are just 24 hours into the launch. For those who are in the process of verifying their identity while creating an account, the site says that document review and approval “may take up to two working days.”
In the first year, Scoreboard is projected to raise roughly $5 million for the state. Over three years, that total is projected to be at $37 million.
All revenue from Scoreboard is said to go toward the “Employer Incentive Fund” — a state fund that matches employer contributions to PERS, Oregon’s Public Employee Retirement System, which is currently around $27 billion in debt.