Louisiana Ranks in the Top Ten in Sports Betting
Since sports betting became legal in Louisiana in 2022, sports betting has become a very popular past-time for many Louisiana residents. According to VisualCapitalist.com,
In 2022, the sports betting market showed the fastest growth in all commercial gaming segments, with a staggering 75% increase in revenue year-on-year.
This growth is more than that of all other streams of gaming revenue combined. This includes slots, table games, and iGaming.
Louisiana Gaming Control Board Chairman Ronnie Johns says Louisiana ranks top ten nationally for the amount of money wagered in legalized sports betting based on population size. Johns says they saw a bump in June thanks to LSU’s run to a College World Series championship…
Compared to June of 2022, we saw about 32 million dollars more wagered this year than last year... Ronnie Johns
The state received one point seven million dollars in tax revenue for sports betting for the month. Sports betting became legal in 2022 and Johns says it’s been a popular activity for many….
We have now seen 3.8 billion dollars wagered in the state of Louisiana, which equates to about 53 million dollars of taxes paid to the state of Louisiana... Johns continued
Twenty-five percent of the tax revenue from sports betting goes towards early childhood education, ten percent goes to local government and Johns says the rest goes to other projects and gambling addition programs…
5 percent of all state revenue is going to go back into compulsive gambling programs thoughout the state... very proud of that... this is something that we advocated for.