The Louisiana Gaming Control Board reported Wednesday that the state’s 18 retail sportsbooks and nine mobile operators combined to attain an 11.3% hold on gross sports betting revenue in February despite a seven-figure loss on football bets.
Operators reported $31.2 million in gross revenue against $274.8 million handle as the collective win rate topped 11% — four full percentage points above the 7% industry standard — for the 20th time in 28 months of wagering. It was the seventh time in the last eight months the hold was 11% or higher.
The state was eligible to tax $25 million in adjusted gross revenue, which resulted in $3.8 million worth of receipts. Promotional bonuses and credits totaled $6.2 million in February, 53.4% higher than the same month in 2023 but less than half the record $13.8 million outlay'in January.