Oregon Lottery Expecting Loss Amid College Betting Ban

The Oregon Lottery confirmed Friday that it will lose money on the agency’s mobile sports-betting app for the fiscal year ending June 30, a change from initial predictions that legal wagering would produce a $6.3m profit in its first year.

Lottery director Barry Pack told the Oregon Lottery Commission he expects to see a $5.3m loss from the new Scoreboard app due to factors that include glitches with the technology, testing costs that “were fairly significant,” plus a lack of college sports bets.

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