Mobile and retail sportsbooks in the Pelican State saw net proceeds jump 40% to $17.5 million in July, despite total handle falling 15.8% month-over-month to $134.8 million.
It’s been a slow summer for operators, but handle is up 14% yearly, and July represented room for growth. The Pelican State’s 13.1% hold jumped more than five points month-over-month, and Louisiana hauled in $2.2 million in taxes — up more than $90,000 from June.
has generated more than $400 million in gross revenue and is closing in on $4 billion in wagers all time.Online wagering rose 18.6% year-over-year in July as the handle went over $122 million. Mobile revenue, which made up $15.7 million of total net proceeds, was helped by a considerable drop in promotional deductions, which fell from $1.1 million to $658,802.
Brick-and-mortar sportsbooks saw their handle fall 19.4% year-over-year, but monthly adjusted revenue increased from $1.1 million to $1.9 million month-over-month. The win rate exceeded 15% in July.Sportsbook operators dominated bettors in parlays, earning $10.7 million, or 59%, of the total gross revenue. That’s up from June’s $9.8 million from parlays.
Baseball dominated the landscape in terms of individual sports, bringing in $2.9 million in net proceeds. Soccer was second with over $664,000, and basketball topped $500,000 while football just missed out on that mark. All of the other sports combined for just under $2 million.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pennsylvania Sees Sports Betting Revenue Rise in July Despite Drop in HandlePennsylvania's 11.6% hold percentage was an improvement from June's 9%, but it wasn't all good in the Keystone State as the handle also dropped 9% from the previous month.
Read more »
Sports Betting Handle Falls, Revenue Rises in Kansas During JulyThe Sunflower State’s July handle was down 18.8% month-over-month, but a 12.1% hold on the $9.6 million gross gaming revenue — up 18% month-over-month — helped make up for it.
Read more »
Louisiana man charged with murder after driving with deceased woman's body for a monthThe shocking case has left local authorities stunned, as the suspect allegedly drove with the body in the vehicle for 30 days before being apprehended. An investigation is ongoing to determine the cause of death.
Read more »
Louisiana doctors detail unintended consequences of state's abortion banDoctors tell 60 Minutes Louisiana's abortion ban has impacted the treatment of miscarriages and reduced access to routine maternal medical care.
Read more »
Louisiana's Republican AG Candidate Falsely Declares Abortion Pills Are Tainted With Fentanyl“It is also a problem, frankly, with abortion pills,' said Liz Murrill. 'Buy em online, well, they’re gonna have fentanyl in them too.” Nope!
Read more »