The Louisiana Gaming Control Board reported nearly $52.7m in gross sports betting revenue for January. Handle reached $346.3m, while operators issued a record $13.8m in promotional credits and bonuses; the state collected $5.7m in sports wagering taxes.
Promotional spending affects the adjusted revenue on which Louisiana taxes sports betting operators.
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Louisiana sportsbooks reported net proceeds of $63.2 million in November, up 12% year on year. The report described the total as a record.
March 2025 betting reports from several US states showed high sportsbook handles but low win rates during the NCAA tournament. New York recorded a $2.5 billion handle and a 6.6% win rate, while North Carolina reported a record $685 million handle and a 5.57% win rate, according to state figures cited in the report.
Louisiana's Gaming Control Board reported that sportsbooks generated $25m in gross revenue from $172.2m in wagers in July 2024. The statewide hold was 13.6%, while the state was eligible to tax $24m in adjusted gross revenue and collected $3.5m. Revenue rose 36.9% year on year, matching the increase in handle.
Louisiana sportsbooks recorded a 10.8% hold and $37.7 million in gross revenue in March, according to the Louisiana Gaming Control Board. Their $350 million handle was up 40.4% year on year, while adjusted gross sports betting revenue eligible for tax was $33.8 million, generating $4.9 million in tax revenue.
Nevada sportsbooks surpassed $2 billion in adjusted gross revenue since sports betting expanded beyond Nevada in June 2018, while reporting $68.1 million in October winnings, according to the Nevada Gaming Control Board. October handle was $815.7 million, and the state collected nearly $4.6 million in sports-wagering taxes for the month.