In September, the casino gaming sector of Louisiana recorded a slight increase for revenue in a month-over-month comparison to August.
For sports betting, the increase was far more dramatic.
September’s sports betting handle, or amount wagered, jumped by about $80 million from the previous month. And the revenue from the Louisiana August financial report was more than tripled in September.
As for casinos, they bounced back from a down month in August (the lowest revenue total of 2022) with an increase of nearly $8 million in September.
Online sports betting launched in January in Louisiana but there are no gambling websites in the state for casino games. Louisiana Sports Betting, September vs. August
Month Total handle Mobile handle Revenue September $207.502M $175.979M $31.895M August $128.252M $112.051M $9.460M Change Up 61.8% Up 57.1% Up 237.2% Football Helps Boost Louisiana Sportsbooks
The New Orleans Saints, LSU Tigers and Tulane Green Wave hit the gridiron in September, providing a boost for Louisiana sportsbooks.
September’s total sports betting handle was $207,501,595 in the Bayou State, a 61.8% increase from August’s $128.25 million. That September total was also almost double the amount reported in the July Louisiana revenue figures – handle (mobile and retail combined) was just $118 million.
As always since online options emerged for sports wagering in January, that portion of the market dominated. The mobile sports betting handle last month was about $176 million, or 85% of the market.Even the retail amount wagered almost doubled, from $16.2 million in August to $31.5 million.The sports betting revenue shot up from $9.46 million in August to $31,894,674 in September (with $27.1 million of that coming from online wagers), a 237.2% boost. The taxes derived from sports betting came to $3.87 million for September, just more than double the $1.77 million in August.The total revenue from football alone in September exceeded $7 million.The $31.9 million in revenue was the most for sports betting in the state since the legal market launched, edging out the $30.1 million reported by the Louisiana Gaming Control Board in March.In a meeting on Thursday, the Louisiana Gaming Control Board approved WynnBet for a five-year mobile […]
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