Louisiana reports $390m sports wagering handle during December
This represents wagers taken both online and through retail sportsbooks.
Key Points
- Mobiile sports betting wagers rose by nearly 5% year-over-year
- However, retail betting activity decreased by 11.5% from last December
- The state’s handle reached $390m last month
The Louisiana Gaming Control Board has released its December online and retail sports betting revenue reports.
Last month, the state took in a combined total of $390m in wagers from its online and retail sports betting operators. December’s online activity rose by 5% year-over-year, while retail locations reported an 11.5% drop in activity when compared to the previous year.
During December, Louisiana posted a $362.3m mobile sports betting handle. Retail locations reported a total handle of $28.4m for the month.
December net proceeds from online sports betting reached close to $35m, but Louisiana sports betting retailers lost close to $0.5m during the month.
Last month, sports betting paid the state $6.9m in taxes.
Since the federal government lifted its ban on legal sports betting, following the Supreme Court’s decision to overturn the Professional and Amateur Sports Protection Act of 1992 (PASPA) six years ago, 38 states have established legal and regulated sports betting markets.
During the summer, Louisiana implemented a statewide ban on prop betting on college athletes through licensed sportsbooks. The state said the ban was issued “for the safety and integrity of athletes.”
Good to know: The ban took effect August 1
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 betting, players wager on these game aspects “instead of or in conjunction with a game’s outcome or spread.”
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