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Louisiana online betting handle reaches record $245.2m in January


Consumers in Louisiana wagered a record $245.2m on sports in January, though revenue in the market declined month-on-month.

The total spent by players was 505.4% up from $40.5m in January 2022, though the state’s legal online betting market only opened towards the end of that month.

The monthly handle was also 12.1% higher than in December 2022 and 4.9% ahead of the previous record of $233.7m set in November.

However, while revenue reached $22m, up from a loss of $9m in the opening days of legal betting in January, this was 27.9% behind the record $30.5m posted in December 2022.

Licensed online operators paid $2.7m in tax during the month.

Turning to retail betting and player spending was 25.6% lower than $49.3m in January 2022 but marginally ahead of the $36.0m wagered by players in December.

Revenue amounted to $6m, a year-on-year rise of 13.2% but 7.7% lower than $6.5m in December.

The state was able to collect $604,416 in retail sports betting tax in January.

Looking at the market as a whole, total revenue from combined online and retail revenue was $22.6m, with the state’s handle at $282.3m.