Louisiana posts sports wagers of $135m in July

Sports Betting

It was a home run for Louisiana sports betting revenue, according to the chairman of the Louisiana Gaming Control Board.

The state brought $122.5 million on mobile sports betting revenue and $12.2 million from wagers at retail outlets in July. Of the revenue, 25% goes toward early childhood education, 10% goes to local governments and the rest funds gambling addiction programs and other projects.

When Louisiana legalized sports gambling in 2022, the legislature estimated it would bring in around $30 million annually to the state.

In the 2022-2023 fiscal year, the state has collected $38.7 million, up from $14 million  the previous fiscal year, which only included eight months following  the legalization of casino sports books in November 2021. Legal mobile betting began in January 2022.

RECOMMENDED