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Louisiana online sports betting handle climbs again in September


Consumer spending on internet sports betting in Louisiana jumped 51.4% month-on-month to $170.0m in September, while the state also reported an increase in revenue.

Monthly handle was comfortably higher than the $112.1m spent by players in August and the highest amount wagered in a single month since $186.0m was bet in April.

Revenue rocketed by 261.6% from $7.3m in August to $26.4m, with this figure also not far off the monthly record of $28.4m set in March. Louisiana opened its legal online sports betting market in January this year.

Turning to retail betting, which has been legal for longer than online wagering, and handle for this area of the market hiked 90.9% month-on-month to $31.5m, the highest total since January.

Retail revenue was $4.8m, up 118.2% from $2.2m in August and also the highest monthly total since January.

In terms of the market as a whole, consumers in Louisiana wagered $201.5m in September, up 57.1% from $128.3m in August. Revenue also jumped 228.4% to $31.2m.