Sports betting in Louisiana is legal and live. Punters can take advantage of bonus offers from several online sportsbooks. On October 31, 2021, retail sports betting went operational in the state. The Louisiana Lottery aims to prepare its sports betting products by 2022.
State legalization of retail sports betting began in November 2021, followed by mobile sports betting in January. The act allowed mobile operators to claim up to $5 million in promotional credits, and most used up the allowance early in the year, resulting in increased tax revenues over the last six months.
Online sports betting is available in Louisiana, with seven apps live. The legal framework allows for as many as 40 mobile sports betting apps, with each of the 20 license holders permitted two skins. In addition, the Louisiana Lottery will also receive a mobile license and will have kiosks at bars and restaurants around the state. Six betting apps took their first official bets online in the state of Louisiana on January 28, 2022. Seven live online sportsbooks are operating in the area today.
Mobile betting operators deducted over $21 million in tax credits in the first two months of 2022. It is a big jump compared to only $1,2 million in July of last year. The figures dictate that the collection is almost the same amount ($11 million in taxes) earned from mobile wagering over the first 4 months of the fiscal year 2023 as it did in the last 6 months of the fiscal year 2022.
Louisiana Nets $26.4 Million in Taxes after a Year of Legal Sports Betting
The State of Louisiana declared that it generated $1.8 billion in wagers and remitted $26.4 million in taxes to the state, according to the Louisiana Gaming Control Board. The Board is the regulating body of all gaming events under its jurisdiction. The panel sees to it that activities are done honestly and free from criminal elements of society.
A monthly handle record of $255.5 million in October is in the books placed by Louisiana sports betting aficionados. Of this betting record of the month, $219 million came from mobile wagers and $36.4 million were from retail. The Louisiana Gaming Control Board further stated that the stakes remitted net yields of $4.2 million for retail and about $26 million for mobile betting.
The Center Square reported that during the board’s monthly meeting last week, Louisiana Gaming Control Chairman, Ronnie Johns, stated that wagering in sports moves along smoothly and continues to perform well.
Mobile Betting Leads Revenue Earners
From January 2022, Mobile operators generated the most revenue from parlay at $96 million, followed by $19.9 million in football proceeds, $16.9 million from baseball, $13.3 million from “other” sports, $13 million from basketball, and $2.3 million from soccer.
Another revenue generator for the State of Louisiana is retail sports betting drawing the most proceeds from parlay at $22.8 million. Football comes in second with $7 million, followed by
“other” sports at $2.2 million, baseball earned $1.8 million, basketball at $1.7 million, and soccer at $246,827 since November 2021.
Betting on a Sportsbook App in Louisiana
Punters can now bet conveniently on their favorite casino table game or a sport they are following by simply registering on the sportsbook app, making the deposit, and they are good to go. Gamblers can place their wagers from the comfort of their homes or on the go wherever they may be or anytime they want to wager. Here’s how to get started:
Firstly, Register for an account: After you’ve chosen a legitimate sportsbook, you’ll have to sign up for an account. You can use the desktop web application or the sportsbook betting platform. When registering, follow the steps and enter any required information, including your Social Security number and age. You’ll need to accept the terms and conditions before clicking submit.
Secondly, Download and install: If you signed up via your web browser, you will need to download the app to your device as you would any other type of app. The installation should occur automatically. Most Louisiana sports betting apps are available for both Android and Apple devices.
And Thirdly, Make a deposit: After your account registration, proceed to the cashier (if the app doesn’t automatically take you there). Choose the deposit option that works best for your financial situation. Typical deposits accept credit cards, debit cards, PayPal, Skrill, electronic checks, and prepaid cards.
Popular Sports Betting in Louisiana
A pair of great professional teams are in Louisiana namely the New Orleans Saints and the New Orleans Pelicans. It is the least populous state with more than one professional sports league franchise. Louisiana State University f has a great football team considered fielding as a professional-caliber squad.
NFL betting in Louisiana
The New Orleans Saints is a structure of solace when Louisiana was devastated by super hurricane Katrina. The team has a special place in the heart of the people when it stood for rebounding spirits after the destruction of lives and property in the state. The Saints went on to win the Super Bowl title in 2010.
NBA betting in Louisiana
The New Orleans Pelicans have not won a title over their 20-year existence in the NBA. The team temporarily transferred to Oklahoma City after Hurricane Katrina’s Devastation. This year, with its players back in full health, they may have a shot at the NBA championship or at least take a swipe at the Southwest Division title.
NCAA betting in Louisiana
The Louisiana State University Tigers are one of the most dominant college football programs in the past 20 years in the State. Ed Orgeron is the team’s head coach that led them to their 4th national title in 2019.. QB Joe Burrow won the Heisman Trophy on the way to being the top overall pick in the NFL Draft. Orgeron has the Tigers contending for a national championship every season, making them a popular betting option in the state.
The franchises propel the gambling industry in sports betting. Information for these Louisiana sports franchises is available at www.idsca.com. Come visit us to learn more about these teams and get an opportunity to know other teams as well.