The first full month of college football saw a spike in sports wagering revenue for Louisiana, bringing in almost $4 million in fees for the state.
The accounting of September’s betting revenue came at Thursday’s meeting of the state Gaming Control Board, which regulates gambling in Louisiana.
“It’s very apparent that football season is here,” Gaming Control Board chairman Ronnie Johns said.
September’s take brings the state up to over $22 million in year to date tax revenue from sports gambling, which Louisiana legalized in January. Johns expects the state to exceed initial projections of $30 million in annual revenue.
The state’s split for sports gambling tax revenue calls for 25% to go toward early childhood education, 10% to local governments and the rest goes to gambling addiction programs and other projects.
