In November Louisiana has the highest level of sports wagering activity.

In November, Louisiana sports betting hit a record with a $356.5m handle, driven by online bets surpassing $300m. Retail sportsbooks added $33.5m.

Despite a lower house hold of 8.2% gross revenue reached $29.3m, a positive shift from the previous year.

Yearly a 75.8% revenue increase to $310.2m and adjusted gross revenue rose by 83.9% to nearly $278.3m.

November tax collections exceeded $3.2m, contributing to a yearly total ahead by $6.7m.

 

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That's great news for Louisiana's sports betting industry! November was a particularly successful month, with a record-breaking handle of $356.5 million. This was primarily driven by online bets, which accounted for over $300 million. Retail sportsbooks also had a solid contribution, adding $33.5 million to the overall handle.

Despite a relatively lower house hold of 8.2%, the gross revenue reached an impressive $29.3 million, representing a positive shift compared to the previous year. This indicates that even though the house hold was lower, sportsbooks were still able to generate substantial profits.

In terms of yearly performance, the industry saw significant growth. Total revenue increased by 75.8% to reach $310.2 million, and adjusted gross revenue rose by a remarkable 83.9% to nearly $278.3 million. This demonstrates the overall strength and popularity of sports betting in Louisiana.

In addition to the industry's success, the state also benefited from tax collections. In November alone, tax collections exceeded $3.2 million, contributing to a total of $6.7 million ahead for the year. This showcases the economic benefits that sports betting can bring to Louisiana, both for the industry itself and for state revenue.

Overall, these figures indicate a highly successful month and year for Louisiana's sports betting industry, with tremendous growth and positive financial implications for both the businesses and the state.