Louisana Sportsbooks Set Their Own All-Time High: $255.5 Million in October

Sports Betting Louisiana » Louisana Sportsbooks Set Their Own All-Time High: $255.5 Million in October

NBA, NFL, and College football seasons continue and it does not just affect the revenues of different franchises or stadiums but also boosts sports betting numbers across the states, just like in Louisiana.

The Pelican State smashed its record for sports betting handle in October with $255.5 million wagered. This was almost a $50 million increase compared to the previous month ($207,501,595) and $17 million above the previous record set in February ($238,413,596).

Louisiana Mobile Sportsbooks Dominate

Mobile sportsbooks continued to dominate the October handle in Louisiana with $219.041 million wagered. This was around 86% of the state’s total handle and a whopping 24.5% increase from mobile betting in September when it accounted for 85% of the total handle.

Retail venues also performed well for October with a total handle of $36.488 million, an increase of 23.1% from the previous month.

The current figures make it one of the most successful months for Louisiana sportsbooks since they launched back in November 2021. In addition to this, the state is expected to continue setting records as long as its various sports teams remain active in the NBA and NFL.

As for now, it looks like online sports betting in Louisiana is on the way up with no signs of slowing down anytime as the Super Bowl approaches.

Louisiana Handle Ranks Seventh

With October coming to a close, the Bayou Stater ranks seventh out of the 19 markets that have reported their numbers.

Louisiana’s figures rank behind:

  1. New York ($1.555B);
  2. New Jersey ($1.060B);
  3. Pennsylvania ($797.124M);
  4. Michigan ($504.336M);
  5. Indiana ($446.248M), and
  6. Tennessee ($405.337M).

Louisana Professional Teams Update

Even though the New Orleans Saints are struggling with a 4-7 record, the team is looking to get the most out of the second half of the regular season. They will be facing the San Fransisco 49ers as underdogs for NFL Week 12 after defeating the Los Angeles Rams last week, 27-20.

The LSU Tigers are preparing for a showdown against the Georgia Bulldogs in the SEC Championship Game. With a win, the Tigers would not only secure a spot in the College Football Playoff, but they would also cement their status as one of the best teams in the country. They just moved to the fifth spot in the recent power rankings while the top four Georgia, Ohio State, Michigan, and TCU) remain unchanged.

Meanwhile, the New Orleans Pelicans are off to a good start as they sit in fifth place in the competitive Western Conference with 10 victories and 7 losses after winning four out of their last five games which all happen at home.

With increasing numbers of bettors from across the state turning to mobile betting platforms, this only goes to show that Louisiana has become more than just a destination for football and basketball.