Louisiana reports $212m June sports betting handle
Results from last month reflected a decline in month-over-month activity.
The Louisiana Gaming Control Board has published its sports betting revenue report for the month of June.
The state posted total monthly handle that reached close to $212m for the month. Nearly $196m of the overall total came from wagers placed online, while retail sports betting chipped in for another $16m.
Last month’s handle fell by almost 18% when compared to sports betting results from May. However, the state increased its handle year-over-year by close to 31%.
Total Louisiana sports betting revenue reached $26.2m for June. Online sports betting contributed $24.8m to the overall total.
Last month, Louisiana sports betting paid the state $24.9m in taxes.
In other Louisiana news, a statewide ban from prop betting on college athletes through licensed sportsbooks will take effect statewide later this summer. The state said the ban was issued “for the safety and integrity of athletes.”
Louisiana will institute the ban on August 1, starting at 8AM. However, players can still wager on totals, point spreads and game outcomes. Prop bets that involve “full team statistical outcomes” will remain legal in Louisiana after August.
Prop bets involve wagers on how many rebounds or points a basketball player could have or the number of touchdowns or yards that football players might have. With prop bets, players bet on these game aspects “instead of or in conjunction with a game’s outcome or spread.”
Colorado, Arizona, Massachusetts, New York, Pennsylvania and Oregon have put regulations in place to restrict prop betting. Maryland, Ohio and Vermont have also recently banned props betting on college sports.
Other states, including Illinois, Connecticut and Iowa prohibit props betting for in-state teams.
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