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Louisiana rakes in $26.4M in taxes from legal sports betting

Summarized by: Live Sports Direct
 
Louisiana rakes in $26.4M in taxes from legal sports betting

Louisiana legalized retail sports betting in November 2021. October saw a monthly record of $255.5 million in gross revenue. Mobile operators generated the most revenue from parlay at $96 million since January 2022. Football wagers alone generated $26.4 million through the first full year of sports gambling in Louisiana. The state collected $11 million from mobile betting through first four months of fiscal year 2023. It collected the same amount from the last six months in fiscal 2022 as it did through last 6 months.

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