Louisiana sports betting handle continues a predictable downward trend following its late January online launch.
In May, Louisiana sportsbooks took $171.1 million in bets, according to a Louisiana Gaming Control Board report released Thursday. Online LA sports betting began in late January 2022. The all-time high in Louisiana was $238.4 million during its first full month of operation in February.
Louisiana sportsbook generated $25.7 million in sports betting revenue, a 15% hold. Operators deducted just $364,295 in promotional spending. The seven online sportsbooks all are near the $5 million cap on promo deductions, LGCB Chair Ronnie Johns told LSR earlier this year.
The state collected $2.7 million in taxes during May.