When it came to single wagers, no sport won more than $1 million for the operators. Parlay bets were the state’s biggest money maker, bringing in $9.8 million for the online books and $834,315 on the retail side. But that was the lowest amount earned since June 2022, when the hold percentage was a measly 0.8%. Collectively, retail books still made a profit, netting $1.1 million. And compared to June 2022, physical books saw a 23% drop in wagers. Retail bets totaled $14.3 million, the worst month since sports betting became legal in the state in November 2021. While the online betting sites saw their numbers drop across the board, it was the brick-and-mortar operators who really struggled last month. Wagers grew 28%, and net proceeds went up by 7.5%. The hold percentage fell from 14.4% to 7.8%.ĭespite all the negative news, the year-over-year numbers showed a growing betting market for sports betting in Louisiana. On the revenue side, Louisiana’s online sports betting sites reported $11.3 million in net proceeds, which was less than half of May’s $25.5 million. Louisiana specifically saw its action fall by 17.3%. Like just about every state this month, Louisiana is seeing its handle contract as we move into the summer months. The Louisiana Control Board announced that the Pelican State accepted $160 million in legal sports betting wagers, both online and retail, in the month of June.
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