Louisiana’s Gaming Control Board announced that operators in the Pelican State accepted $212 million in wagers last month, a 17% drop from May’s $256.6 million. Online wagers made up the lion share of the action, seeing $195.8 million, 92.3% of the statewide handle.
This was the first time the online handle dipped below $200 million since August 2023.
While the 12.7% hold from mobile wagers was strong compared to other states, gross revenue still declined from $33.5 million in May to $26.2 million. The tax bill followed suit, coming in at $3.8 million, down from May’s $5.7 million.
Year-over-year shows long-term strength
June’s numbers may not be great compared to May, but putting them side-by-side with the same period last year paints a much brighter picture.
Mobile operators once again dominated the market, enjoying a 34% year-over-year increase in handle. The past 5 months have each seen a 34% or higher growth.
In terms of revenue, sportsbooks have shown an ability to boost their gross numbers. June 2024 saw a 118.8% jump in revenue versus 2023. And in the past year, it's the third month to see more than 100% year-over-year growth.
However, the retail market didn't fare as well. June’s handle was 13% lower than the previous year and revenue was nearly 22% worse.
| Online Sports Betting Method | Revenue |
|---|---|
| Parlay | $16.1 million |
| Basketball | $3 million |
| Baseball | $2.4 million |
| Soccer | $650,000 |
| Football | $273,000 |
| Other | $3.8 million |
Featuring a brief and less popular NBA Finals, June was a slow month overall for sports betting. But with the Olympic games about to start, July may not be the worst month to convince people to bet.
