Oregon Lottery Looking at $26.8 Million Cost for Sports Betting

The Oregon Lottery says it expects to pay its sports betting contractor SBTech about $26.8 million over the next three years. Sports betting is scheduled to begin in the state in September. The state expects to attract a handle of $722 million by the third year. SBtech’s payments, based on a share of projected revenue, are expected to increase each year as the handle grows.