Louisiana posts total sports wagering handle of $356.5m for November
Mobile sports wagering promotional spend was at its highest for a number of months.
Louisiana has posted its sports wagering numbers for November, reporting total sports wagering handle of $356.5m across both retail and mobile combined.
In terms of retail sports wagering, handle in November saw an increase of 3.57% from the previous month to $33.5m, but year-over-year saw a decrease of 3.99%.
For mobile sports wagering handle, the total for November was $322.9m, which increased from $276.2m in October. Year-over-year, the increase was even more significant, rising 38.18% from the same period last year.
Operator bet365 launched in Louisiana in November, which may go some way in explaining the large increase in mobile sports wagering handle for the month.
Louisiana Mobile Sports Wagering Handle Jul 23 – Nov 23 ($m)350.00350.00 300.00300.00 250.00250.00 200.00200.00 150.00150.00 100.00100.00 JulyJuly AugustAugust SeptemberSeptember OctoberOctober NovemberNovember
Net proceeds for retail sports wagering for November was $1.3m, a sharp decline of 58.85% from October and even a decline year-over-year of 32.55%.
In terms of mobile sports wagering, net proceeds also saw a drop off from last month, going down from $39.2m to $18.1m. However, this figure is a lot more positive than what it was this time last year, when mobile sports wagering net proceeds were -$27.6m for November 2022.
Promotional spend for mobile sports wagering was $9.8m, significantly larger than previous months, which may have affected the total net proceeds.
Across both retail and mobile sports wagering, just over $3.2m was collected by the state of Louisiana in taxes.
In other financial news, Michigan’s online casino revenue for November reached $175.3m, the state’s highest total to date, and reflected a year-over-year increase of 20.6%.
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