Louisiana Sports Betting Reports $39.5 Million Handle in December

Louisiana Sports Betting Reports $39.5 Million Handle in December

Last updated on January 22nd, 2022 at 12:15 pm

According to the best bookie pay per head, Louisiana is on its way to allowing mobile sportsbooks. But, before that happens, it looks like Louisiana sports betting experienced a successful month in December.

December is the second month with in-person sports wagering available. The state reported a $39.5 million handle for the month. Also, it resulted in $4.38 million in revenue. As a result, the state earned $438,000 in taxes.

The state can increase bookie profits with live betting via mobile sportsbooks. According to industry insiders, mobile sports wagering will launch in time for the NFL Super Bowl. However, there is more work to do before its launch.

Louisiana Sports Betting

Louisiana Sports Betting Reports $39.5 Million Handle in DecemberIn November, Louisiana produced a sports wagering handle of $27.6 million. It was an increase of around 43 percent month to month. Louisiana got near $5.7 million on those bets, which means December diminished expense income from $568,000 in November. The reason for the diminishing in productivity for sportsbooks in December is indistinct, albeit a holding pace of more than 20 percent in December implied sports wagering administrators were still exceptionally fruitful.

As per Kimberly Chopin, overseer of correspondences, the Louisiana Lottery is searching for a “turnkey sports wagering arrangement,” and the cutoff time for reactions is February 15. The current assumption is that online sportsbooks will send off in late January or early February, in a perfect world on schedule for the Super Bowl. Online games wagering will be charged at a 15 percent rate, and a lot more noteworthy handle will probably prompt critical income for the state. Six sportsbooks got the approval to operate in the state.

Other gaming administrators with existing retail sportsbooks will probably instantly seek mobile licenses. The potential applicants include Penn National, Churchill Downs, and Boyd Gaming. As a result, Louisiana will have upwards of 41 unmistakable versatile games wagering administrators, with every one of the 20 gaming activities in the state allowed to collaborate with up to two sports wagering skins. In addition, many companies want to know how to be a bookie in Louisiana.

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