Online Louisiana Betting Attracts $211M In Bets In First Full Month – Sportsbook

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Louisiana players wagered $211.0m (£160.4m/€190.7m) in the first full month of legal online sports betting in the US state.

Louisiana opened its regulated market Jan. 28 after launching retail sports betting in October of last year.

Penn National Gaming and its Barstool Sportsbook, Caesars, DraftKings, Rush Street Interactive and its BetRivers Sportsbook, and Flutter Entertainment-owned FanDuel Group, in partnership with Boyd Gaming, all brought online sportsbooks live on the day of the opening.

A total of $40.5 million was wagered by consumers in the first four days of regulated online betting in the state in January.

Revenue for the first full month of online sports betting was $16.7 million, although this included $11.7 million in revenue from promotional bets. Excluding these offers, the turnover amounts to 2.7 million dollars.

Football betting was the biggest source of revenue for online operators, generating $9.8 million, ahead of basketball at $5.1 million and parlay betting at $4.4 million.

In retail betting, players wagered $27.4 million in February, down 44.4% from $49.3 million in January and the lowest monthly total since legalization Last year.

Retail revenue reached $642,663 for the full month, down 88.0% from $5.3 million in January and also the lowest monthly amount ever in the regulated market. Louisiana.

Breaking down retail revenue by sport, parlay betting generated $647,128 in revenue and basketball $492,568, but a loss of $696,314 in football betting lowered the total figure.

Combining online and retail, the state’s total handle was $238.4 million. Revenue including promotional bets was $17.3 million, while after excluding these offers, total revenue was $5.6 million.

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