Browse articles by topic

Louisiana online sports betting handle slips to seven-month low in February


Consumers in Louisiana spent $175.7m betting on sports online during February, the lowest monthly total since August 2022 and a year-on-year drop of 16.7%.

The total was down from $211.0m in February last year, the first full month of legal online sports betting in the US state, and also 28.3% lower than the record $245.2m wagered in January of this year.

However, revenue from online wagering reached $17.8m, up 6.7% from $16.7m in the same month last year, but 19.1% behind $22.0m in January 2023.

In terms of retail betting, handle for February was $22.0m, a drop of 19.7% from $27.4m last year and 40.5% lower than $37.0m in January this year.

Retail revenue was 131.8% higher year-on-year at $1.5m, though this was 75.0% less than the $6.0mn generated in January.

Licensed online operators in the state paid $2.4m in tax during the month, while retail wagering tax amounted to $190,122.

For the market as a whole, total handle from combined online and retail was $197.7m, with revenue at $19.2m.