{"id":1601170,"date":"2024-10-18T10:08:28","date_gmt":"2024-10-18T14:08:28","guid":{"rendered":"https:\/\/www.sportscasting.com\/?p=1601170"},"modified":"2024-10-18T10:08:28","modified_gmt":"2024-10-18T14:08:28","slug":"in-september-louisiana-sportsbooks-generated-35-1-million-in-revenue-from-parlays","status":"publish","type":"post","link":"https:\/\/www.sportscasting.com\/news\/in-september-louisiana-sportsbooks-generated-35-1-million-in-revenue-from-parlays\/","title":{"rendered":"In September, Louisiana Sportsbooks generated $35.1 million in revenue from parlays"},"content":{"rendered":"

On Thursday, the Louisiana State Police <\/a>reported $35.1 million in gross sports betting revenue from parlays. Overall, sportsbooks generated $55.2 million in September. Louisiana has had a regulated gaming market for roughly three years. Their all-time hold is a solid 11.9% and they had a 15.7% hold in September.\u00a0<\/span><\/p>\n

That was the sixth time that sportsbooks in Louisiana had at least a 15% hold and $170 million in a monthly handle. Gross revenue in the state was up 28% year-over-year Additionally, this was Louisiana\u2019s second-highest gross revenue in state history. Their best month was last December with $56.5 million. In the first nine months of 2024, the state has accumulated $44.2 million in tax revenue. That already exceeded totals of $43.8 million in 2023.<\/span><\/p>\n

Parlay wagers led to millions in revenue for Louisiana sportsbooks <\/b><\/h2>\n

The Louisiana State Police only provide revenue figures for certain categories. With a 30% handle as the benchmark for the state, wagering on parlays in September would have been a 33.2% hold. Parlay revenue in September accounted for 63.5% of all total operator winnings. Their year-to-date total is now over $200 million. This was the second-highest monthly total for parlay revenue. Only behind $43.2 million from last December.\u00a0<\/span><\/p>\n

Parlay revenue figures are only published in Maryland, Mississippi, New Jersey, and Louisiana<\/a>. Those four states combined for $179.3 million of their $247.3 million in total winnings. Wagering on parlays represented 70.3% of all bets placed in those states in September. Additionally, parlay winnings account for 18.6% of the $934.6 million in total gross revenue from 21 states that reported their figures.\u00a0<\/span><\/p>\n

Louisiana\u2019s \u201ccatch-all\u201d category includes golf, tennis, hockey, auto racing, and MMA. Their state-record $9.5 million in revenue outside of parlays. The state\u2019s previous record was $5.7 million in May 2024. For the sixth consecutive month, baseball wagering topped $2 million in the state. Operators have claimed $14.6 million from baseball through the first nine months of 2024. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

On Thursday, the Louisiana State Police reported $35.1 million in gross sports betting revenue from parlays. Overall, sportsbooks generated $55.2 million in September. Louisiana has had a regulated gaming market for roughly three years. Their all-time hold is a solid 11.9% and they had a 15.7% hold in September.\u00a0 That was the sixth time that […]<\/p>\n","protected":false},"author":304,"featured_media":1601175,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[447316],"tags":[],"class_list":["post-1601170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports-betting"],"acf":[],"yoast_head":"\nIn September, Louisiana Sportsbooks generated $35.1 million in revenue from parlays<\/title>\n<meta name=\"description\" content=\"On Thursday, the Louisiana State Police reported $35.1 million in gross sports betting revenue from parlays.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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