Louisiana Latest To Post Record Sports Wagering Revenue

Add Louisiana to the ever-lengthening list of states that have posted record sports wagering revenue hauls for September.

The Louisiana State Police, which oversees the gaming discipline, reported nearly $32.3 million in gross revenue for September. That eclipsed the previous standard of $30.9 million set in March and marked the fourth time this year gross revenue has surpassed $25 million for a month.

Excluding Kansas, which posted its first revenue report after launching in September, nine of 15 states that have published handle and revenue figures for September have recorded all-time monthly highs, while four others posted amounts that were good for second all-time. The combination of operators routing the public in each of the first three weeks of the NFL regular season and parlays being blown up because of those outcomes has created what is shaping to be an unprecedented monthly windfall for sportsbooks across the U.S.

The 15.6% hold for Louisiana sportsbooks also extended the “perfect” run of states with double-digit win rates from full reports in September. The win rate along the Bayou is fifth among the 15 states with such statistics available, and marked the third time in five months that Louisiana had a 15% or higher hold. Furthermore, the win rate was more than double compared to August and continued a yo-yo pattern, starting in May, in which the hold has swung at least six percentage points in either direction from month-to-month.

  
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