The Louisiana Gaming Control Board reported a statewide hold of 13.6% on gross sports betting revenue for July on Thursday as Pelican State sportsbooks continued to run roughshod on the betting public.
It was the eighth consecutive month the statewide win rate reached double figures, and the fourth straight month it was 12.8% or higher. Louisiana sportsbooks have not been held under 10% since posting an 8.2% win rate last November.
The stratospheric hold in July resulted in $25 million in gross revenue, up 36.9% compared to last year. That matched the percentage increase in handle to $172.2 million as the win rate from 12 months prior was two-thousandths of a percentage point higher. Handle was down 13% from June, while revenue slipped 8%.