Noticias de ultima
  • 12.00 Bets generate R$478.9 million for the Ministry of Sports in the first half of the year
  • 12.00 Legalization of casinos and gambling in Brazil could generate R$20 billion in taxes
  • 12.00 California Moves to Prohibit Sweepstakes Casinos with Unanimous Legislative Support
  • 12.00 Sports Betting Applications Close in Missouri as Pre-Registration Date Nears
  • 12.00 $1 Billion Arena Project to Kick Off at Reno Casino Resort
  • 12.00 Big Stage, Bold Impact: NOVOMATIC Will Set the Tone at G2E 2025
  • 12.00 Atlaslive’s 2025 Summer Brief: Phishing Continues to Top the Cyber Threat List
  • 12.00 GLI Expands EMEIA Team
  • 12.00 IGT Named Official Lanyard Sponsor for BEGE 2025
  • 12.00 SBC Summit 2025 Opens Today: 135,000 m² of Innovation, Networking, and Deals
Online Games

Mobile sports wagering had record month in Louisiana

Tuesday 28 de November 2023 / 12:00

2 minutos de lectura

(Louisiana).- Mobile sports wagering in Louisiana set a revenue record for the second consecutive month in October, generating nearly $5 million in monthly taxes heading into year three.

Mobile sports wagering had record month in Louisiana

Wagers were up over 26% for mobile sports wagering for October with more than $276 million in wagers, $39 million in net proceeds, and $4.9 million in taxes paid to the state. According to data from the Louisiana Gaming Control Board, the numbers mark a 269% increase in net proceeds over the same month last year.

So far this fiscal year, mobile sports wagers are up 29.6% and net proceeds are up 31.3% compared to the same time in Fiscal Year 2022-23. October's figures follow a record-setting September, when wagers for the state's nine mobile operators totaled $248.8 million, generating $4.7 million in taxes.

Matthew Roob, senior vice president of analysis at Spectrum Gaming, told The Center Square the trend is not surprising, as the annual sports seasons generally ramp up betting from October through March with football and college basketball.

"If you look at the numbers, that's kind of the way it trends every year," he said. "So it's not surprising as the market matures and people get more comfortable with sports betting, in year two or year three the sports betting revenue would increase from the prior year."

Parlay generated the most mobile proceeds in October at nearly $25 million, up from $19.8 million in September, followed by football at $7.3 million, baseball at $3.3 million, and basketball at $2 million.

Retail sports betting at 18 casinos accounted for about 11% of sports wagers last month, with $32.3 million producing $3.2 million in net proceeds and $342,067 in taxes paid. Like mobile wagering, parlay led the way with $2.48 million in proceeds, followed by baseball at $437,224, football at $249,242, and basketball at $96,598.

Compared to the same time last year, total retail sports wagers were down 8.7%, while net proceeds increased were down 0.5%.

Most sports betting going through mobile portals in Louisiana is "totally normal," Roob said because it's simply more convenient. It's a trend seen in other states that offer both, he said.

"Part of it is I don't have to go to a casino to place a bet," Roob said. "Part of it is you can bet while the game is going on."

In total, Louisiana bettors wagered $308.6 million on sports in October, eclipsing the previous monthly record of $283.3 million in January by $26.3 million.

"If I'm not mistaken this may be a new record month for sports wagering," Ronny Johns, chairman of the Louisiana Gaming Control Board, noted at the November meeting. "Large numbers."

Categoría:Online Games

Tags: Sin tags

País: United States

Región: North America

Event

GAT Expo CDMX 2025

28 de August 2025

Update on Mexico's Gaming and Raffles Law: Experts discuss its present and future at GAT Expo Mexico 2025

(Mexico City, SoloAzar Exclusive).- At the Expo Santa Fe Convention Center, gaming industry leaders analyzed the challenges and opportunities of the reform to the Gaming and Raffles Law, in a panel moderated by Rosa Ochoa of SCCG Management LATAM.

Tuesday 16 Sep 2025 / 12:00

GAT CDMX 2025: Experts Discussed Innovation in iGaming and Sports Betting in Mexico

(Mexico City, SoloAzar Exclusive).- As part of the GAT CDMX 2025 Institutional Academy, leading industry executives met in Mexico City to analyze the challenges and opportunities presented by innovation in online gaming, iGaming, and sports betting. Artificial intelligence, omnichannel, user experience, and the role of streamers were some of the central topics discussed.

Monday 15 Sep 2025 / 12:00

21Viral Strengthens Industry Ties and LatAm Expansion at GAT Mexico

(Mexico City, SoloAzar Exclusive).- At GAT Expo Mexico, 21Viral made a powerful impression through strategic networking, insightful participation, and a clear vision for growth across Latin America. Luz Serna, Head of Sales LatAm (i Gaming), highlighted the event’s rich academic content and the valuable alliances formed with key operators and stakeholders in the Mexican gaming industry.

Monday 15 Sep 2025 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST

MÁS CONTENIDO RELACIONADO