Can I Use Bitcoin to Bet Sports Online From Oregon?

Written by :

Guest

Published on :

27 November, 2024

Oregon's only regulated sportsbook is Draftkings as the official sports betting partner of the Oregon Lottery.

It's a weaker version than your typical DraftKings product found in other states. No wagering on college sports for example.

There are other sites accessible from the state including Skybook. They do take bets on college sports and they do take Bitcoin.

You Can Bet on the Ducks From Oregon at Skybook

The Oregon Ducks had ranked No. 1 in the nation coming into Thanksgiving Day.

Here is what ESPN had to say:

"Oregon's second bye week of the year is as good a time as any to recognize not just how the Ducks have gotten to 11-0, but how far the offensive line specifically has come since the first few weeks of the season. In its first two games, Oregon's offensive line gave up seven sacks. Over the past nine games, it has kept quarterback Dillon Gabriel upright, allowing only five sacks total. The improvement began in the Ducks' third game against UCLA, when they shifted Iapani Laloulu to starting center. Lalolulu, a sophomore from Hawaii, has anchored the unit. Per Pro Football Focus, Laloulu has not allowed a sack in 270 pass blocking snaps.

"The move and subsequent improvement has both limited the number of sacks and quarterback pressures, but beyond that, it has facilitated the Ducks' running game. In the first two games of the season, they averaged fewer than 3 yards per carry. Since then, they have averaged over 5 and have 20 rushing touchdowns total. It has all added up to one of the most effective offenses in the country, an undefeated season so far and a potent recipe as Oregon heads toward a conference championship and playoff run." -- Paolo Uggetti

Making a Deposit With Bitcoin at Skybook

Skybook's Bitcoin deposit method is as follows:

Min: 200 USD
Max per transfer: 5,000 USD

*The Bitcoin payment address should contain no prior transaction. We always refresh and use a new Bitcoin address whenever sending or receiving the cryptocurrency. Important: Always transfer funds between a sportsbook and wallet. Never transfer funds directly with the cryptocurrency exchange. Use of a personal cryptocurrency wallet guarantees anonymity. The crypto addresses obtained through exchanges are NOT anonymous.

Requesting a Payout at Skybook Using Bitcoin

Skybook's withdrawal (payout) method for Bitcoin is as follows:

You can place your withdrawal request in the cashier, just make sure to use a new Bitcoin address when requesting payout. It takes 2 to 3 business days to process and no fee.

Min: 100 USD
Max: 4000 USD every 7 days

Bitcoin's Status in Oregon

Currently, cryptocurrency is not regulated by the federal government or by the State of Oregon.

In Oregon, cryptocurrencies are taxed as capital gains, treated as income with the rate reaching 9.9%. This means that when you sell cryptocurrency for a profit in Oregon, you'll need to report those gains as part of your overall income and pay taxes on them at the applicable income tax rate.

You do not have to own cryptocurrencies to move Bitcoin in and out of websites like Skybook. You are simply converting to Bitcoin when depositing and it sits in that book until you are ready to make a withdrawal or you lose. Your Bitcoin will not be increasing or decreasing in value while sitting at Skybook. Upon withdrawal, you can quickly convert your Bitcoin back to U.S. dollars.