Penn National Gaming and its Barstool sportsbook, Caesars, DraftKings, Rush Street Interactive and its BetRivers sportsbook, and Flutter Entertainment-owned FanDuel Group in partnership with Boyd Gaming all went live with online sports betting on opening day.
A total of $40.5m was wagered by consumers during the first four days of regulated online betting in the state in January.
Revenue from the first full month of online sports wagering amounted to $16.7m, though this included $11.7m in revenue from promotional wagers. Excluding these offers, revenue was $2.7m.
Football betting was the main source of revenue for online operators, generating $9.8m, ahead of basketball on $5.1m and parlay betting at $4.4m.
Looking at retail betting, players staked $27.4m during February, down 44.4% from $49.3m in January and the lowest monthly total since legalisation last year.
Retail revenue reached $642,663 for the full month, which was 88.0% down from $5.3m in January and also the lowest monthly amount so far in Louisiana’s regulated market.
Breaking retail revenue down by sport, parlay bets generated $647,128 in revenue and basketball $492,568, but a $696,314 loss in football wagering drove the total figure down.
When combining online and retail, the state’s total handle was $238.4m. Revenue including promotional bets was $17.3m, while after excluding these offers, total revenue was $5.6m.