Confirmed.
Mardi Gras, March Madness and Louisiana State University winning its first women’s NCAA basketball championship are all now in the rear-view mirror.
That became clear with yesterday’s release of official April monthly Louisiana sports betting and casino figures by the Louisiana Gaming Control Board (LGCB).
In sports betting handle and revenue, the state showed decreases in all five categories.
Total sports betting handle (retail, mobile) for the month generated more than $209.7 million, a solid 15.9% drop from March (nearly $250M).
A breakdown of the two: Louisiana sports betting apps handle in the state posted at more than $190M, down 14.8% from March ($223.1M). Retail sports betting handle was over $19.67M, a significant 24.8% decrease from March ($26.16M).
Sports betting revenue exceeded $22M ($20.3M online, $1.8M retail), down 25.5% from March ($29.76M). Sports wagering taxes posted at more than $2.9M ($2.7M online, $195,731 retail), dropping 18%.
You can count on LouisianaBets.com for sports betting news and analysis, revenue reports and Louisiana sportsbook promos.
MORE: Louisiana online casinos
Monthly Increases End for Louisiana Casinos
The state’s casinos followed suit with sports betting as they also had decreases across the board. Despite the drop in numbers, these figures show that there is potentially a massive market for online casinos if operators like Caesars Louisiana were ever permitted to offer mobile gaming.
April’s total gaming revenue for the Pelican State registered over $267.17M, an 8.5% drop from March's $291.9M.
A more specific breakdown of the total:
- Video Gaming (Net Dev Revenue): $66.46 million
- Riverboat casinos (total Adjusted Gross Revenue): $150.85 million
- Land casino (total GGR): $21.3 million
- Racinos (slots at racetracks, total AGR): $28.5 million
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