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Louisiana sets online sports betting revenue record in December


Online sports betting revenue reached a record $30.5m in December, despite a month-on-month decline in consumer spending.

Revenue was at its highest since the state opened its legal online wagering market in January of 2022, surpassing the previous monthly high of $28.4m in March.

The December revenue total was also in stark contrast to the $27.6m loss reported during November, which came as a result of US businessman Jim “Mattress Mack” McIngvale winning a number of large bets on Major League Baseball’s World Series.

In terms of handle, players wagered $218.7m on sports in December, which was 6.4% lower than $233.7m in November, but still the third largest monthly amount since the launch of legal betting.

Licensed online operators paid $3.7m in tax during the month.

Turning to retail betting and revenue here was $6.4m, up 45.5% on the same month in 2021 and also 220.0% higher than $2.0m in November 2022.

Consumers spent a total of $35.6m wagering on sports during the month, down 9.9% from $39.5m in December 2021 but 1.7% more than $35.0m in November.

The state was able to collect $608,960 in retail sports betting tax in December.

Looking at the market as a whole, total revenue from combined online and retail revenue was $31.1m, with the state’s handle at $254.3m.