Louisiana: June wagering handle down, retail books barely finish in the black

Louisiana: June wagering handle down, retail books barely finish in the black

Article brief provided by SportsHandle
  • Chris Altruda, SportsHandle
July 22, 2022 6:42 PM
  • Chris Altruda, SportsHandle

After the historic win rate reported by Louisiana sports betting operators in May, those same operators posted modest numbers in June.

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The win rate for retail sports betting operators in the state was just 0.8% in June, resulting in revenue of $149,244 on $18.7 million worth of wagers, according to figures released by the state’s police department. On the mobile side, operators reported revenue of $10.5 million on $113.7 million worth of wagers, a win rate of 9.3%. In total, Louisiana operators reported revenue of $10.7 million and a handle of $132.4 million.

Sports betting yielded $1.4 million worth of tax revenue for Louisiana in June. There are 16 retail operators in Louisiana and seven mobile sports betting operators, including major brands like BetMGM, Caesars, DraftKings, and FanDuel.