Louisiana’s Gaming Control Board announced a statewide handle of a little more than $280 million, a nearly 82% month-over-month increase.
The New Orleans Saints have a new quarterback and LSU entered the college season as a top-five team. There is a lot of excitement in Louisiana and the state'sa statewide handle of a little more than $280 million, a nearly 82% month-over-month increase. After paying out winners, the sportsbooks grossed $41.8 million. September 2022 had just over $203 million in action.
Operators also continued to boost their promotional spend. The online sportsbooks reported $1.3 million in promotional deductions last month. That is more than four times the promo spend compared to September 2022. enjoyed another month of a double-digit hold. The mobile books kept 14.5% of the bets they accepted, while the retail books did even better with 18.3%.
Not only that but the state’s coffers also saw a large monthly boost. In September, sportsbooks paid $5.3 million to Louisiana. August saw just a $2.1 million tax bill. With a jump in bets, nearly every sport was more profitable for the house than the previous month, but parlays were king. Online operators grossed $19.8 million on parlays, which is more than August and July combined. On the retail side, parlays made the books $3.2 million, more than August, July, and June combined. If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.
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