All About Louisiana Sports Betting Handle And Revenue

By Christopher Boan

@cgboan

March 20, 2024 02:37pm

The experts at LouisianaBets.com have developed this guide to help you better understand the terms used when discussing Louisiana sports betting revenue and handle. The state releases those figures on a monthly basis.

Louisiana voters approved a constitutional amendment legalizing sports betting in November 2020. It allows for both in-person wagering at a brick-and-mortar sportsbook in a casino, or wagers through a mobile app or an online site.

Brick-and-mortar sportsbooks began opening on Oct. 31, 2021. Online sports betting launched Jan. 28, 2022.

There is one caveat to Louisiana that makes the state different than others that have legalized sports betting. It is only legal in the 55 parishes where voters approved the referendum. Neither in-person sports betting nor Louisiana sportsbook apps are legal in the other nine parishes.

Louisiana Sports Betting, February vs. January

Louisiana Sports Betting Handle and Revenue: February 2024

The February sports betting swoon was in full effect for Louisiana sportsbooks this year, with the state’s operators seeing a 20.7% drop in wagering handle and a 35.6% drop in revenues month-over-month.  

Overall, Louisiana sportsbooks took in $274,775,955 in bets during February, which was down 20.7% from January’s total handle of $346,320,907, with $253,069,041 in mobile bets (down 20.4% from January’s total of $317,844,144), while the Bayou State’s retail handle of $21,706,914 (down 23.8% from January’s total of $28,476,763).  

On the revenue front, Louisiana sports betting operators took in $25,040,585 in February, which was down 35.6% month-over-month from the $38,892,781 the operators took in during the first month of 2024.  

As far as Louisiana sports betting taxes were concerned, operators in the Bayou State chipped in $3,765,778 in February, down 33.7% from January’s tax bill of $5,681,508, putting a final touch on the month of February in the Boot.  

Note that these figures factor out dollars spent with Louisiana sportsbook promos. 

Louisiana Mobile Sports Betting History