{"id":17791,"date":"2024-03-26T13:02:57","date_gmt":"2024-03-26T13:02:57","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=17791"},"modified":"2024-03-27T11:11:17","modified_gmt":"2024-03-27T11:11:17","slug":"sports-betting-handle-in-louisiana-reaches-274-8-million-during-february","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/blog\/2024\/03\/26\/sports-betting-handle-in-louisiana-reaches-274-8-million-during-february\/","title":{"rendered":"Sports Betting Handle In Louisiana Reaches $274.8Million During February"},"content":{"rendered":"

The sports betting handle in Louisiana reached $274.8Million during the month of February – dropping by 20.7% since January.<\/strong><\/p>\n

Sports Betting Handle In Louisiana<\/h2>\n

Players placed $274.8m on sports bets during February, which was a 39% increases from the $197.7m in the same month in 2023.<\/p>\n

Despite the increase from 2023, the overall handle has seen a drop since January 2024, which reached $364.3m – meaning the market within the state has dropped for two straight months.<\/p>\n

Both online and retail bets are used when calculating the final handle, with \u00a3253.1m coming through the online method and $21.7m being placed in physical kiosks.<\/p>\n

When looking at revenue specifically, in the whole market the revenue sat at $25.1, and had increased by 30.7% when compared to February 2023 but 35.5% less than January 2024.<\/p>\n

Turning to revenue, for the market as a whole, this amounted to $25.1m. This was 30.7% up from $19.2m in February 2023 but 35.5% short of $38.9m in January.<\/p>\n

Online sports betting continues to bring a large amount of revenue and it hit $24.3m during February – with retail bets sitting at $780,013.<\/p>\n

Another section that has to be considered is the tax from betting in Louisiana, reaching $3.6m via online wagers and $128,140 in retail bets.<\/p>\n

When highlighting Louisiana’s year-to-date statistics, the state have made $2.23Billion during eight months – ending at the culmination of February.<\/p>\n

Betting enthusiasts in the state spent $2.03bn through online sports betting and an extra $206.8m was placed at a variety of physical sportsbooks.<\/p>\n

Across these eight months, Louisiana made $258m in revenue – $235m through online and $22.7m came in the form of physical bets.<\/p>\n

Louisiana has 10 operators for the online betting industry, which are ESPN Bet, PointsBet, Bet Rovers, Caesars, DraftKings, FanDuel, Betway, BetMGM, Bet365 and ClutchBet.<\/p>\n

Eight of the operators have been around for an extended period of time, but ClutchBet and Bet365 are the newest additions – with the former joining in January 2024 and the latter opening up in November 2023.<\/p>\n

Explore the Instant Withdrawal Casinos<\/a> at InstantCasinos for the best online gaming experience.<\/p>\n","protected":false},"excerpt":{"rendered":"

The sports betting handle in Louisiana reached $274.8Million during the month of February – dropping by 20.7% since January. Sports Betting Handle In Louisiana Players placed $274.8m on sports bets during February, which was a 39% increases from the $197.7m in the same month in 2023. Despite the increase from 2023, the overall handle has … <\/p>\n","protected":false},"author":60,"featured_media":17794,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-17791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature"],"acf":[],"yoast_head":"\nSports Betting Handle In Louisiana At $274.8m During February<\/title>\n<meta name=\"description\" content=\"The sports betting handle in Louisiana reached $274.8 million during the month of February - dropping by 20.7% since January.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/instantcasinos.com\/blog\/2024\/03\/26\/sports-betting-handle-in-louisiana-reaches-274-8-million-during-february\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sports Betting Handle In Louisiana At $274.8m During February\" \/>\n<meta property=\"og:description\" content=\"The sports betting handle in Louisiana reached $274.8 million during the month of February - 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