Louisiana’s first 12 months of sports betting produces $26.5M in tax revenue

Eight operators in North Carolina are on track to have their mobile betting apps licensed in the Tar Heel state when wagering begins. North Carolina becomes the 30 state with online sports betting. The state law that allows sports betting includes a provision that will tax the gross gaming revenue of each sportsbook at 18%. Estimates vary on just…

Another month, another Bayou-sized beating by Louisiana sportsbooks on the public. The Louisiana Gaming Control Board reported nearly $52.7 million in gross sports betting revenue Friday as the Pelican State's 10 mobile sportsbooks aggressively courted and routed the public with their war chests refilled for the start of the year. Digital operators…

LSU's first College World Series win since 2009 was a home run for Louisiana sports betting, according to the chair of the Louisiana Gaming Control Board. Ronnie Johns credited the Tigers' performance with an increase in gambling revenue for the state over the previous June. "I think the win ratio was actually down, so I think a lot of people were…

LSU's College World Series win drives Louisiana sports betting revenue Photo courtesy DepositPhotos. LSU's first College World Series win since 2009 was a home run for Louisiana sports betting revenue, according to the chairman of the Louisiana Gaming Control Board. Ronnie Johns credited the Tigers' performance with an increase in gambling revenue…

LSU's first College World Series win since 2009 was a home run for Louisiana sports betting revenue, according to the chairman of the Louisiana Gaming Control Board. Ronnie Johns credited the Tigers' performance with an increase in gambling revenue for the state over the previous June. "I think the win ratio was actually down, so I think a lot of…

In the first four years after May 14, 2018 -- which was the day the Supreme Court struck down the Professional and Amateur Sports Protection Act, paving the way for states to legalize sports gambling -- New Jersey was the king of the sports betting take. The Garden State set record numbers until the beginning of 2022, when New York finally got in…

The stakes are higher in Ohio this year for March Madness - and not just because it's a regional host for the first round of the men's NCAA basketball tournament. For the first time, Ohio sports fans can click on a mobile app or tap into kiosks at bars, restaurants or grocery stores and legally bet on the famed tournament. Kansas, Massachusetts and…

Connecting state and local government leaders | A record 50.4 million adults in the U.S.-roughly 20% of the population-are expected to bet $16 billion on the Super Bowl this Sunday, according to an annual survey from the American Gaming Association. The Super Bowl is increasingly a big deal for states, and that's because many of them stand to make…

Tax numbers in December came out lower than both November and October's, as the state made just over $4.3 million from all wagers. Louisiana ended 2022 with yet another disappointing month of legal sports betting revenue, as the handle in the Pelican State from both retail and mobile sportsbooks fell to $254.2 million - a 5.4% drop from…

With Maryland now offering mobile wagering in addition to its existing retail sportsbooks, now is an excellent time to examine how much the state benefits from sports betting taxes. Maryland taxes sports betting revenue at a rate of 15%. Since legal sports betting in Maryland began in December 2021 at five retail sportsbooks, Maryland Lottery &…

The Centennial State reported a higher tax rate, despite a dip in hold percentage, with the NBA surpassing the NFL as the most heavily bet sport during the month. Colorado continued its impressive trend, notching the second-highest monthly handle ever - for the second straight month - since it launched legal sports betting. Colorado's Department of…

It has been a great year for sports betting in Tennessee, and November proved to be the best month yet. The Tennessee Sports Wagering Advisory Council (SWAC) announced that mobile sports betting brought in a handle of $439.4 million in November. The handle sets the monthly record for Tennessee since mobile sports betting went live in 2020. The…

Louisiana's first full year of legal sports betting resulted in more than $1.8 billion in wagers, generating over $26.4 million in taxes for the state. Louisiana sports betting in October hit a monthly record of $255.5 million, with $219 million coming from mobile bets and $36.4 million from retail sites. The wagers produced net proceeds of $4.2…

Numbers recently reported by the Gaming Enforcement Division of the Louisiana State Police show the state's retail and online sports betting sites handled approximately $255.5 million in wagers in October. The dollar amount of sports betting in Louisiana climbed to a record high in October as residents of the Pelican State took full advantage of…

It was a mixed bag of results for Louisiana's sports betting and casino operators in October. The former reported a 23.1% month-over-month increase, while the latter saw a slight decrease last month compared to September. Louisiana sportsbooks took in $255528321 in wagers during the 10th month of the year, up from $207501595 in the report. That was…

The State of New York collected more than $73 million in tax revenue from sports betting activity last month, smashing the previous monthly record by $10 million. New York has now received $468.4 million in taxes since online sports betting apps launched in the fourth-largest U.S. state in January. September's $73 million in tax revenue broke the…

Louisiana's retail and online sportsbooks handled approximately $128.2 million in wagers during August, an 8.4% increase compared to July's action. The return of football - even just a little football - looks like it has given sports betting in Louisiana a shot in the arm. Members of the Louisiana Gaming Control Board heard on Thursday that the…

Louisiana made around $26.5 million in taxes from the first 12 months of legalized sports betting, according to data from the Louisiana Gaming Control Board, though the state has yet to see exactly how a full year of mobile betting will affect the state's coffers. Legal sports betting at retail locations launched in Louisiana in November 2021, and…

Louisiana had one of its best months for sports betting in September, setting a new record for sportsbook revenue and tax revenue, while the overall amount wagered fell just short of setting a new record, data shows. Data from the Louisiana Gaming Control Board shows that around $280.1 million was wagered in Louisiana at retail locations and on…

Sports betting apps brought in more than $2.8 million in wagers on football in August - which had a few college football games and the start of the NFL preseason - as the state heads into its first full football season with legal sports betting. Even with only a few games happening in August, it was the second-highest total for mobile football bets…