Louisiana sports wagers top $153 million in August  

Sports Betting

The Louisiana Gaming Control Board (LGCB) revealed gaming revenue for August was nearly $153.9 million in August. 

The previous record of $238.4 million came in February, fueled in large part by former LSU quarterback Joe Burrow and wide receiver Ja’Marr Chase playing for the Cincinnati Bengals in the Super Bowl. The availability of wagering on the NFL and college football regular seasons for the first time plus a fifth weekend proved decisive for the new record as handle increased 23.1% compared to September.

Overall, bettors made more than $1.8 billion worth of wagers in the first 12 months of activity. Of the six states that launched in 2021, Louisiana finished second only to Arizona for handle, but there are caveats to that runner-up status: Louisiana has approximately 1 million more residents than third-place Connecticut; Maryland will finally launch mobile wagering Wednesday; and the combined populations of Wyoming and South Dakota are less than one-third of Louisiana’s 4.6 million.

The state received close to $4.4 million in tax receipts in last year, lifting the total for 2022 to nearly $33.9 million. Nearly 40% of that total, $12.9 million, came in the final three months of the year.

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