Louisiana’s gaming sector was up in September, thanks mostly to a significant increase in the sports betting industry. According to figures released by the state’s Gaming Control Board this week, total Louisiana casinos had a great performance during august and experienced an increased revenue.
However, when it comes to sports betting, things look far rosier, with the handle (the total amount wagered) increasing by a whopping $80 million from the previous month and sports betting revenue reaching a new all-time high.
This can be partially attributed to the start of football season and the influx of sports bettors that come with it.
Louisiana Sports Betting in September
In September, the football season returned to Louisiana. And with it, a boost for the state’s sports betting industry. Teams like the New Orleans Saints of the NFL, and LSU Tigers of NCAA Division 1 all hit the gridiron in September, providing a much-needed boost for Louisiana sportsbooks.
Football is one of the most popular sports in the state, and the return of the season has brought more bettors to the table. In addition, the football season provides a nice break from the heat of summer.
The State handled more than $207.5 million in sports wagers during September which shows a 61.8% increase compared to August and nearly a hundred million boost compared to July figures.
In addition, the sports betting revenue had a significant jump as the Louisiana sportsbooks only retained $9.46 million in August while they secured almost $32 million in September for a 237% increase ($7 million revenue generated on Football wagers alone.)
This has been the highest recorded revenue of the Pelican state since the market goes live last November 2021. The previous record was $30,140,818 during March this year.
|Sports Betting Revenue
Online Betting Still Dominates
During the current year, online sports wagering have taken Louisiana by storm. Since last January, when online sportsbooks first emerged, Louisianians have been more active on mobile bets mainly due to convenience.
During September, Louisiana mobile sports betting accounted for more than 80% of the wagers in the state. This trend is likely to continue in the coming years as more and more people turn to online options for their sports betting needs and more sportsbooks may come to the state.
Recently, Louisiana regulators awarded a five-year mobile sports wagering license to the WynnBet sportsbook.
Are there Louisiana Online Casinos?
Meanwhile, land-based casinos, riverboat casinos, racinos, and physical video gaming terminals are only allowed in the Pelican state despite the success of online betting.