Louisiana has halted a five-month decline in online sports betting handle

Louisiana has halted a five-month decline in online sports betting handle

Summary:

In August, online sports wagering in the US state of Louisiana reached $7.3 million, down 62.0% from $19.2 million in July and the second-lowest full monthly total on record. August’s total was the second lowest full monthly amount since the state opened its regulated internet betting market in January of this year, as online wagers were 8.5% higher than in July.

August’s total was the second lowest full monthly amount since the state opened its regulated internet betting market in January of this year, as online wagers were 8.5% higher than in July.

The revenue from online sports wagering in August was $7.3m, down 62.0% from $19.2m in July and the second lowest monthly total on record.

It was the first month-on-month growth since May and the retail and players spent $16.2m, which was 6.7% higher than in July.

Retail revenue reached $2.2m, which was an increase of 37.5% from $1.6m in July and the highest monthly total since $2.7m was generated in May.

Louisiana consumers wagered $128m on sports in August, up 8.3% month-on-month, though revenue fell 54.3% from $20.8m to $9.5m.

The Louisiana gaming control board revealed that online and retail sports betting brought in more than one million dollars.