Louisiana Experience Surge in October Sports Betting Handle
LISTEN TO THIS ARTICLE:Louisiana has reported a record-setting handle and revenue for its sports betting market in October.
According to the monthly report released by the Louisiana Gaming Control Board, players in the state wagered $308.6m in October. This was an increase of 20.8% compared to the same month in 2022 and 10.2% higher than the $280.1m recorded in September this year.
The figure also surpassed January 2023’s handle of $282.3m, which once held the record of the highest monthly sports betting handle in the state.
Online bets contributed $276.2m to the October betting handle, up 26.1% year-on-year. However, retail bets decreased by 11.9% YoY to $32.4m.
Related: Cordish to Give Diamondjacks Casino Massive Makeover as It Enters Louisiana
Louisiana's Surging Sports Betting Market
Regarding income, operators in the Pelican State reported a combined gross revenue of $43.3m, a 63.5% uptick compared to October 2022. It was also slightly higher than the $43.1m achieved in September this year. The figure also represents the highest monthly revenue in the state since it launched its sports betting market.
With $875,871 online promotional bets deducted from the gross revenue, the adjusted revenue stands at $42.5m.
Football was the most popular sport amongst Louisiana bettors in October, generating $7.3m in online revenue and $249,242 in retail. It was followed by baseball with $3.3m online revenue and $437,224 in retail; basketball made $2.1m in online revenue and $97k in retail, while soccer yielded $176k online and $13k retail.
Looking at the financial year-to-date, Louisiana recorded a total handle of $877.4m over the four months until the end of October. This comprised $786.4m from online bets and $91.0m from retail wagers.
Adjusted revenue for this period amounted to $118.9m, split between $106.0m from online and $12.6m from retail.
More Finance News
RELATED TOPICS: Finance
Latest News
Business
1spin4win and SOFTSWISS Share What It Takes to Break into the Top Slot Rankings
Dec 09, 2025
Most Read
UKGC Tightens Oversight of Adult Gaming Centres as Funding Boost Targets Illegal Gambling
Dec 04, 2025Bulgarian Parliament Rejects Proposal to Centralize Gambling Under State Control
Dec 04, 2025Phased Rise in Brazil’s Gaming Tax Set to Start in 2026 Under Senate Compromise
Dec 04, 2025Must Read
Interviews
Exclusive Interview: Levon Nikoghosyan Shares AffPapa Winning Formula for Successful iGaming Events
Dec 03, 2025
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for Louisiana Experience Surge in October Sports Betting Handle