Louisiana Sports Betting Revenue Continues to Climb in April
Louisiana sports betting revenue hit a new high in April, continuing a trend of steady growth since the state legalized sports betting in November 2021. According to the Louisiana Gaming Control Board, sportsbooks in the state generated $10.2 million in revenue in April, a 15% increase from the previous month.
The increase in revenue can be attributed to the continued popularity of sports betting in Louisiana, as well as the growing number of sportsbooks operating in the state. In April, Louisiana saw a total handle of $130.4 million, a 10% increase from March. This indicates that more bettors are wagering on sports and that they are wagering larger amounts.
One of the key factors driving the growth of sports betting revenue in Louisiana is the expansion of online sports betting options. In April, online sports betting accounted for 79% of the total handle in the state, up from 75% in March. This demonstrates that bettors in Louisiana are increasingly turning to online platforms to place their wagers, which is likely driving the increase in revenue.
Another factor contributing to the growth of sports betting revenue in Louisiana is the increasing number of sportsbooks operating in the state. In April, there were 12 sportsbooks operating in Louisiana, up from 10 in March. This expansion has provided bettors with more options for placing their wagers, which has likely led to an increase in revenue.
Louisiana sports betting revenue is expected to continue to grow in the coming months, as more bettors become aware of the options available to them and as more sportsbooks enter the market. With the popularity of sports betting showing no signs of slowing down, Louisiana is poised to become a major player in the sports betting industry in the United States.
