Louisiana Mobile Betting Causes February Handle Skyrocket

by | Mar 30, 2022 1:55 pm | Revenue | 0 comments

Louisiana Mobile Betting Causes February Handle Skyrocket

Louisiana Sportsbook

  • Louisiana sportsbooks saw a huge $238.4 million sports betting handle, $211 million of which came from mobile betting apps.
  • $9.8 million of the $16.7 million in sportsbook revenue came from football betting.

BATON ROUGE, La. – Right after finally launching a regulated mobile sports betting market in January, Louisiana sportsbooks saw 211 million worth of sports bets placed via mobile wagering apps in February.

February Breakdown

Mobile betting launched just in time to offer players a number of notable sporting events to bet on, not least of which was the Super Bowl, but also the Winter Olympics and the NBA.

Louisiana’s six active sports betting apps pulled an impressive $16.7 million worth of revenue in February, with $9.8 million of that total coming from football wagers alone.

This more than makes up from the $9 million lost in January due to promotions.

Thanks to this lucrative month of sports betting, Louisiana’s sportsbooks reportedly paid out $2.1 million in state taxes, which will go primarily to the State General Fund.

The overall $238.4 million handle marks a 165.6% increase from January’s much smaller $89.7 handle, and a massive 503.3% increase from December’s $39.5 million handle.

Louisiana February Sportsbook Handle Comparison

  • February Handle: $238,413,596
  • January Handle: $89,757,060
  • December Handle: $39,517,545

Only 12.9% of the February’s sports wagers came from retail sports betting, with $211.0 million the $238.4 million coming exclusively from mobile sports betting apps.

This is the first month that Louisiana residents were able to enjoy mobile sports betting apps, due to them launching in January.

Here is a list of all six regulated mobile legal sports betting apps currently live in Louisiana.

  • Barstool Sportsbook
  • BetMGM
  • BetRivers
  • Caesars Sportsbook
  • DraftKings Sportsbooks
  • FanDuel Sportsbooks
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