Louisiana Sports Betting Revenue, Handle and Taxes
Louisiana Gambling Date Trends
Louisiana Sports Betting Data
| Month | Handle | Handle Per Capita | Revenue | Hold | Taxes |
| December 2023 | $377,046,556 | $124 | $56,511,836 | 15% | $7,590,704 |
| November 2023 | $356,479,622 | $118 | $29,290,043 | 8.2% | $3,245,327 |
| October 2023 | $308,613,008 | $102 | $43,338,752 | 14% | $5,319,894 |
| September 2023 | $280,093,549 | $92 | $43,143,474 | 15.4% | $5,318,554 |
| August 2023 | $153,933,704 | $51 | $18,137,683 | 11.8% | $2,109,829 |
| July 2023 | $134,757,491 | $44 | $18,282,477 | 13.6% | $2,185,154 |
| June 2023 | $160,083,233 | $53 | $13,981,060 | 8.7% | $1,697,439 |
| May 2023 | $193,587,784 | $64 | $29,622,000 | 15.3% | $3,555,501 |
| April 2023 | $209,746,932 | $69 | $23,414,940 | 11.2% | $2,945,211 |
| March 2023 | $249,279,453 | $82 | $61,205,762 | 24.6% | $6,430,905 |
Louisiana Sports Betting Revenue
Louisiana may be known as a football-mad state, but baseball, basketball and many other sports get Pelican State residents buzzing as well. And whether it’s the New Orleans Saints or Pelicans, Louisiana State University, or a host of other Division I colleges throughout Louisiana, sports fans want access to respected betting sites to wager on their beloved teams.
Louisiana launched retail sports betting on October 30, 2021 and online sports betting on January 28, 2022. Louisiana now has eight online sportsbooks and more than a dozen retail betting sites available for Louisianans to place wagers with. This includes industry giants like FanDuel, DraftKings, Caesars and BetMGM.
Louisiana sports betting handle from October 2021 on is now over $3.66 billion. Louisiana sports betting revenue from that same starting point has now surpassed $384 million. Louisiana sports betting taxes have generated more than $52 million for the state to date.
More recently, Louisiana sports betting handle totalled $2,299,760,918 in 2022 and Louisiana sports betting handle for 2023 through June is just over $1.29 billion. Louisiana sports betting revenue surpassed $214 million in 2022 and sits at more than $59 million through the first six months of 2023.
Below, we discuss Louisiana sports betting taxes and Louisiana sports betting revenue by state, as well as detail Louisiana sports betting revenue and Louisiana sports betting hold to show you how the state has fared financially since legalized sports betting launched.
Louisiana Sports Betting Taxes
Sports betting taxes are of great importance to bettors, who obviously want to keep as much of their winnings as possible. The LA sports betting tax rate currently sits at 15%, which is lower than the national average of 19%. Louisiana sports betting taxes have generated more than $52 million to date. At least 13 states, as well as Washington, D.C., have lower tax rate percentages than Louisiana. Despite the Louisiana sports betting tax rate of 15%, Louisiana sports betting revenue will continue to be high due to the passionate sports fan and sports betting base situated in the Pelican State.
Louisiana Sports Betting Handle
Sports betting handle refers to the total amount of money that has been wagered by a specific population. Nationally, people are betting regularly on sports. The sports betting handle for the entire country in 2022 was over $93.7 billion, which was more than $36 billion more than 2021. The national 2023 sports betting handle through May was already at $40 billion. Sports betting continues to grow and grow and Louisiana sports betting revenue by state is impressive.
The most recent Louisiana sports betting handle came in at $160,083,233 million for June 2023. That was more than $33 million lower than May 2023, and nearly $28 million lower than June 2022. The June 2023 total was the lowest in Louisiana since August 2022, when Louisiana sports betting handle totalled a little more than $128.2 million.
The summer months are typically the lowest across the country, with no live football or basketball to wager on, and that was true in Louisiana as well in 2022. The state averaged more than $191.6 million a month in Louisiana sports betting handle in 2022, but only averaged $126,339,705 for the months of June, July and August. With no local MLB or MLS teams, Louisianans have less local teams to wager on than many other states with legalized sports betting.
Louisiana Sports Betting Handle Per Capita
Louisiana is currently the 25th largest state in terms of population with just over 4.55 million residents. The Louisiana sports betting handle per capita in 2022 was $544, placing it 13th overall for states with legalized sports betting. Per capita in this sense is the annual sports betting handle of a state divided by that state’s population.
Louisiana Sports Betting Hold
Sports betting hold is defined as the percentage of money that a sportsbook keeps for every dollar wagered by users. For example, if a sportsbook has a monthly handle of $10 million and a revenue of $2 million, that means they paid out $8 million in winnings. That also means that the hold would be 20%.
Through six months of 2023, the Louisiana sports betting hold percentage is 11.73%, which is 2.43% higher than the Louisiana sports betting hold percentage from 2022, which was 9.3%. The Louisiana sports betting hold for 2023 is significantly higher than the national average, which is 9.05% year to date. The Louisiana sports betting hold percentage was considerably higher than the national average in 2022 as well, as that 9.3% was 1.2% higher than the national average.
FAQs
Yes, Louisiana sports betting taxes are imposed on all Louisiana residents who participate in and win in sports betting. They have to pay the Louisiana sports betting tax rate of 15% on all winnings. Louisiana sports betting taxes have brought in more than $52.9 million to the state since November 2021.
The Louisiana sports betting handle for the first six months of 2023 totals $1,292,676,864 for an average of more than $215.4 million per month. The total Louisiana sports betting handle to date is $3,664,111,977.
The Louisiana sports betting hold through the first six months of 2023 is 11.73%. The Louisiana sports betting hold for all of 2022 was 9.3%. Both of these percentages are significantly higher than the national average for the same time periods.
Louisiana sports betting revenue has surpassed $384,344,028 to date.
Thanks to Louisiana sports betting taxes that currently stand at 15%, which is slightly below the national average of 19%, the state has generated $52,909,783 in sports betting taxes to date.