Louisiana Sports Betting Growth Curve Flattens In January
Last updated
Last updated
Louisiana's players earned $346.3 million (£275.1 million/£321.4 million) in January, up from the same month last year but short of December's total, marking the third straight month of growth for the Pelicans.
The monthly total was 22.7% higher than $282.3 million in January 2023. But that was 8.1% behind December's record figure of $377 million. Incidentally, December was the third month in a row that Louisiana reported record handling.
Of all bets placed in January, $317.8 million was in online and $28.5 million in retail sportsbooks. Looking at revenue for the Louisiana market as a whole, that's up 72.1 percent from $38.9 million last year. However, the total in January was down 30.3 percent from December's record $38.9.
Online betting generated a total of $317.8 million in revenue for the month. The retailer's stock hit $28.5 million in January. Taxes for the month amounted to $5.7 million, $5.3 million came from online betting and $340,385 came from retailers.