Bayou sports bettors should be very excited about the recent news from state lawmakers as we should only be weeks away from the mobile sports betting rollout in Louisiana. In November, the first month the state offered retail sports betting, operators enjoyed great success with a staggering 20.6% win rate that helped them cash in nearly $ 6 million in revenue. . Licenses are already being approved for mobile sports betting, and we expect more good news from Louisiana in the coming weeks.

First month of retail sports betting

In November, Louisiana reported a handful of $ 27.6 million retail sports betting that generated $ 5.7 million in revenue on a 20.6% hold rate. Louisiana taxes sports betting operators at a rate of about 10%, so tax revenue was $ 568,571 for the first month. 25% of these tax revenues are allocated to financing preschool education.

Louisiana has eight retail operators, four of which were open for the entire month and four for just under three weeks. The state did not release a number of specific operators, but said parlays generated $ 3.7 million in revenue, just under 65% of the state’s total. Soccer ranked second with $ 1.6 million in revenue, while basketball ($ 369,931) and soccer ($ 21,203) followed.

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Plans for the mobile launch in January

Louisiana lawmakers hope the state will become the first in the Deep South to legalize mobile sports betting on January 15. Gaming Control Board Chairman Ronnie Johns has expressed his wish that this date will be the launch date of the “huge success” that the legalization process has been, as his team avoided “big mistakes” while also getting it done faster. than the legislator would have foreseen.

Louisiana State Police Major Chuck McNeal has yet to set a January 15 date, and his input is needed as the state police are the body responsible for the licensing approval process. State police were slowed down during the fall months due to Hurricane Ida. 20 licenses were made available to commercial casinos and racetracks, each licensed for two different sports betting skins.

Johns said he has already received 13 retail sports betting license applications, and that all 20 possible applicants are expected to apply by the end of 2021 without any tendering process being necessary. Caesars, Penn National Gaming, and DraftKings already have outlets in Louisiana, and they are all expected to eventually have mobile licenses as well.

Louisiana first approved sports betting in 55 of 64 parishes in a 2020 statewide referendum, and in June Gov. John Bel Edwards signed a bill that legalized gambling. sports betting in person in these 55 parishes. In the first quarter of 2022, we expect these parishes to launch their mobile sports betting markets as well.

We’ll keep you posted when we learn more about the mobile sports betting launch in Louisiana. In the meantime, you can check out our official Louisiana sportsbook page for more information on the legal process and tons of awesome pre-entry bonus offers from our favorite sportsbooks.


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