The Louisiana Gaming Control Board reported $27.2 million in gross sports betting revenue for June as the collective hold reached double digits for a seventh consecutive month.
Operators spanning the Pelican State combined for a 12.8% hold against $212.1 million in handle, the third straight month it was above 12.5%. Gross winnings nearly doubled from the $13.6 million claimed in June 2023 while handle was 32.5% higher. Revenue was down 21.6% from May while wagering was down 17.4%.
The state was eligible to levy taxes on $26.2 million in adjusted gross revenue, resulting in nearly $3.9 million in tax receipts. Promotional deductions and bonuses totaled less than $1 million for the first time since last December and was down 11.1% from 12 months ago. The $29.4 million in tax revenue for the first six months of the year is $11.3 million ahead of last year’s pace.
A More Balanced Revenue Haul
Running June Top 10 #SportsBetting handle by state: