December marked the third consecutive month of record sports betting handle in Louisiana as the Pelican State saw a surge in sports betting activity. Players in Louisiana wagered a total of $377.0m on sports during December, surpassing November’s record of $356.6m by 5.7% and exceeding December 2022 by 48.0%. Of this total, online bets amounted to $344.9m while $32.1m was spent betting on sports at retail sportsbooks.
In addition to the record-breaking handle, Louisiana also reported a record monthly revenue of $55.8m in December. This figure surpassed the existing Louisiana record set in October 2023 by 28.9% and was 50.8% higher than the revenue generated in December 2022. Revenue from online sports wagering in December amounted to $51.3m after promotional deductions, while retail revenue for the month reached $4.5m.
Tax revenue for the month stood at $7.6m, with $7.2m from online betting and $407,672 from retail activity. Looking at the year-to-date performance in Louisiana, handle in the six months to the end of December was $1.60bn, comprising $1.45bn in online bets and $156.6m worth of retail wagers. Revenue from online and retail sports betting for the period amounted to $194.2m, with $175.5m coming from internet betting and $18.7m from physical sportsbooks.
A total of nine operators currently run online sportsbooks in Louisiana, including ESPN Bet, Bet Rovers, BetMGM, Caesars, DraftKings, FanDuel, PointsBet, Betway, and Bet365. The latest addition to this list is Bet365, which went live in Louisiana in November last year through a partnership with Boyd Gaming’s Amelia Belle, a riverboat casino in Amelia, Louisiana. The surge in sports betting activity in Louisiana reflects a growing trend in the industry, as more states legalize and regulate sports betting, contributing to increased revenue and tax receipts for the state.