PointsBet Holdings launched its online sportsbook in the state of Louisiana through its partnership with Penn National Gaming (PNG). As per the interview, Johnny Aitken, PointsBet US chief executive said:
“The PointsBet team is excited to share that we are now officially live in the Pelican state and that Louisiana is our 12th state of online operations.”
PointsBet in Louisiana
PointsBet Holdings, a global sports betting and technology company, roll-out its online sportsbook in Louisiana via its partnership with Penn National Gaming (PNG). Louisiana Gaming Control Board grants the licenses and the sportsbook is already accepting bets. This is the fourth state where PointsBet partnered with PNG for sportsbook operations.
“We look forward to delivering Louisiana sports fans, from Bourbon Street to the Bayou, our fast, premium sports betting products. And, with the NFL and CFB season in full swing, the timing is perfect to showcase our live betting capabilities,” Aitken added.
This will be the 12th state that PointsBet had operations, other states include Illinois, Colorado, Kansas, Michigan, Iowa, Indiana, New York, New Jersey, Pennsylvania, Virginia, and West Virginia.
This expansion comes after the company reported that the year-on-year losses intensifies to 42.6% during the first half of 2023 which also resulted in an 11% decrease in the company’s stock price.
Louisiana Sports Betting
Australia-based corporate bookmaker is looking to have a share in the growing Louisiana sports betting market. Aitken also added:
“The sports community of Louisiana, one that our very own brand ambassador Drew Brees is very familiar with, is unmatched with their devotion and passion for their local teams, the New Orleans Saints of the NFL, New Orleans Pelicans of the NBA, and nationally recognized college football programs.
The Saints are currently 1-1 and are the favorites (-2.5) in their Week 3 match against the Carolina Panthers. On the other hand, the Pelicans are still preparing for the upcoming NBA Season this October. They will visit the Brooklyn Nets for their season-opener.