Browse articles by topic

Louisiana online sports betting handle declines again in June


Consumers in Louisiana spent $113.7m betting on sports online in June, the lowest monthly total since the opening month of the US state’s legal market in January this year.

The June handle was 20.3% lower than $142.6m in May and also represented the fourth consecutive month of decline in the state.

Net proceeds from internet sports betting during the month amounted to $10.5m, down 53.5% month-on-month, while licensees paid a total of $1.4m in tax.

Turning to retail and handle for June was $18.7m, a drop of 34.4% from $28.5m in May and the lowest monthly total since the regulated market launched in November 2021.

Net proceeds from retail betting stood at just $149,244, another record-low and a decline of 94.4% from $2.7m in May, while tax for the month amounted to $66,792.

For the 2021-22 financial year, online handle in the state was $899.6m, with net proceeds at $72.5m and tax $11.7m.

For retail, which was open for two full months longer than online in 2021-22, handle was $240.5m, net proceeds $22.9m and tax $2.4m.