Louisiana Operators Shows Strong Earnings in January Betting Report
LISTEN TO THIS ARTICLE:Louisiana sports betting handle reached $346.3m in January, an increase of 22.7% compared to $282.3m wagered in the same month last year.
However, the figure was 8.1% lower than December’s record handle of $377.0m. Incidentally, January’s total wagers ended the record handle streak the month has been setting since October 2023. $317.8m of January’s handle was from online betting, while retail betting contributed $28.5m.
In terms of revenue, operators reported a combined total of $38.9m during the month. While this figure surged 72.1% year-on-year, it reduced by 30.3% compared to December’s record $38.9m. The state received $5.7m in gaming tax for the month, with online accounting for $5.3m and retail bringing in $340,385. So far, the Pelican State has collected over $80m in tax from sports wagering.
With the latest figures, Louisiana’s betting market’s handle for the first seven months of the year, ending in January, amounted to $1.96bn. About $1.77bn of the total was wagered online, while retail sportsbooks accounted for $185.1m. Revenue during the period was $233.1m, with $211.1m from online betting and $22.0m from retail wagering.
Home to Ten Sportsbooks
Ten operators currently offer online betting services in Louisiana, including ESPN Bet, Bet Rovers, BetMGM, Caesars, PointsBet, DraftKings, FanDuel, Betway, bet365, and ClutchBet. bet365 and ClutchBet are relatively new to the Louisiana betting market. While bet365 launched via a collaboration with Boyd Gaming-owned Amelia Belle in the state in November, Clutchbet joined the market at the end of January.
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