In March $232 million in sports betting was wagered in the Bayou State, which translates into approximately $5.7 million in tax revenue. Louisiana Gaming Control Board Chairman Ronnie Johns credits March Madness for the impressive numbers and said the Final Four in New Orleans even attracted new customers.
“Over 10,000 geo-locations that had never actually wagered in Louisiana before were identified as wagering right there on the confines of the Superdome,” said Johns.
Johns said both online and retail March sports wagering in Louisiana ranked 8th among states with legalized sports betting and ranked third when you compare to those states per capita.
With only a few months of legalized sports betting under the belt in Louisiana, Johns said he’s extremely impressed with how things are progressing, and no major technicalities with online wagering.
“No major issues were identified, the geo-fencing worked extremely well. Overall, I will tell you we’re very pleased with the outcome of March,” said Johns.
Predicting which months will be more profitable than others Johns said is hard to do with Louisiana sports betting still in its infancy, but he does anticipate the numbers will increase dramatically in the fall.
“When the fall rolls around with college football and the NFL starting up again, we’re going to see some significant numbers once again,” said Johns.
In addition to out-of-state wagers in New Orleans for the Final Four, Johns said technology indicates a significant number of Texans crossed the state line near Lake Charles and Shreveport to place bets last month.
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