{"id":1585576,"date":"2024-06-24T08:41:56","date_gmt":"2024-06-24T12:41:56","guid":{"rendered":"https:\/\/sports7.us\/?p=1585576"},"modified":"2024-06-24T08:41:56","modified_gmt":"2024-06-24T12:41:56","slug":"louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/","title":{"rendered":"Louisiana Sportsbooks collected $34.7 million in revenue  in May for a 13.5% hold"},"content":{"rendered":"<p><span style=\"font-weight: 400\">With a 13.5% hold in May, the Louisiana Gaming Control Board reported that operators collected $34.7 million in winnings. That was the sixth consecutive month Louisiana had a win rate of 10% or higher. Additionally, their 13% hold in May was almost two times the industry standard of 7% in the first five months of 2024. The Pelican State has accepted close to $6.8 billion with an 11.6% hold in an all-time betting handle<\/span><\/p>\n<p><span style=\"font-weight: 400\">In Louisiana, there are 18 retail and nine mobile sportsbooks for residents to use. Last month, the state accepted $256.7 million. That\u2019s up 32.6% from May 2023. Louisiana\u2019s handle in May 2024 was down 9.3% compared to April\u2019s $283.1 million. They also become the 13th state to surpass $100 million in state tax revenue from sports betting. Finally, Louisiana has $25.5 million in receipts through the first five months of 2024. That\u2019s $9.6 million more than this time last year.\u00a0<\/span><\/p>\n<h2><b>Parlays continue to be a profitable source of revenue for industry operators in Louisiana<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The Louisiana Gaming Control Board does not disclose handle and revenue figures for operators across the state. Additionally, they do not offer a handle for sport-specific categories. However, revenue figures in the state showed that a bulk of operator winnings came from parlays and same-game parlays. With $22.7 million in winnings from parlays in May, they topped $20 million for the sixth consecutive month. That was a whopping 65% of the state\u2019s gross winnings. Louisiana has $126.7 million in revenue from parlays and same-game parlays in 2024. Accounting for 64.5% of operator winnings.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Along with the profit from parlays, Louisiana saw increased revenue through its \u201ccatch-all\u201d category. That includes <\/span><span style=\"font-weight: 400\">golf, tennis, boxing, mixed martial arts, and motorsports. Last month, they had a record $5.7 million in revenue from these sports. That beat their previous high of $4.4 million in September 2022. Brick-and-mortar casinos in Louisiana collected $18.4 million in bets for a $12.5% hold, winning $2.2 million. Mobile sportsbooks accepted $238.3 million, collecting $32.4 million in winnings on a 13.6% hold.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With a 13.5% hold in May, the Louisiana Gaming Control Board reported that operators collected $34.7 million in winnings. That was the sixth consecutive month Louisiana had a win rate of 10% or higher. Additionally, their 13% hold in May was almost two times the industry standard of 7% in the first five months of [&hellip;]<\/p>\n","protected":false},"author":304,"featured_media":1585577,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[447316],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Louisiana Sportsbooks collected $34.7 million in revenue in May for a 13.5% hold<\/title>\n<meta name=\"description\" content=\"The most profitable source of betting revenue for Louisiana Sportsbooks in May 2024 was their parlay and same-game parlays.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Louisiana Sportsbooks collected $34.7 million in revenue in May for a 13.5% hold\" \/>\n<meta property=\"og:description\" content=\"The most profitable source of betting revenue for Louisiana Sportsbooks in May 2024 was their parlay and same-game parlays.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/\" \/>\n<meta property=\"og:site_name\" content=\"Sports7\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-24T12:41:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sports7.us\/wp-content\/uploads\/2024\/06\/Louisiana-sportsbook-pic.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"547\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zach Wolpin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zach Wolpin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/\",\"url\":\"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/\",\"name\":\"Louisiana Sportsbooks collected $34.7 million in revenue in May for a 13.5% hold\",\"isPartOf\":{\"@id\":\"https:\/\/sports7.us\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sports7.us\/wp-content\/uploads\/2024\/06\/Louisiana-sportsbook-pic.jpg\",\"datePublished\":\"2024-06-24T12:41:56+00:00\",\"dateModified\":\"2024-06-24T12:41:56+00:00\",\"author\":{\"@id\":\"https:\/\/sports7.us\/#\/schema\/person\/17fb65de17f8df5eee81231f05c2a3b8\"},\"description\":\"The most profitable source of betting revenue for Louisiana Sportsbooks in May 2024 was their parlay and same-game parlays.\",\"breadcrumb\":{\"@id\":\"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/#primaryimage\",\"url\":\"https:\/\/sports7.us\/wp-content\/uploads\/2024\/06\/Louisiana-sportsbook-pic.jpg\",\"contentUrl\":\"https:\/\/sports7.us\/wp-content\/uploads\/2024\/06\/Louisiana-sportsbook-pic.jpg\",\"width\":820,\"height\":547},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sports7.us\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Louisiana Sportsbooks collected $34.7 million in revenue in May for a 13.5% hold\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sports7.us\/#website\",\"url\":\"https:\/\/sports7.us\/\",\"name\":\"Sports7\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sports7.us\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/sports7.us\/#\/schema\/person\/17fb65de17f8df5eee81231f05c2a3b8\",\"url\":\"https:\/\/sports7.us\/author\/zachwolpin\/\",\"name\":\"Zach Wolpin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sports7.us\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac48d230009f3ffb664ed5aff4f602ef?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac48d230009f3ffb664ed5aff4f602ef?s=96&d=mm&r=g\",\"caption\":\"Zach Wolpin\"},\"jobTitle\":\"Sports Editor\",\"email\":\"\",\"sameAs\":[\"\",\"\",\"\",\"\",\"\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Louisiana Sportsbooks collected $34.7 million in revenue in May for a 13.5% hold","description":"The most profitable source of betting revenue for Louisiana Sportsbooks in May 2024 was their parlay and same-game parlays.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/","og_locale":"en_US","og_type":"article","og_title":"Louisiana Sportsbooks collected $34.7 million in revenue in May for a 13.5% hold","og_description":"The most profitable source of betting revenue for Louisiana Sportsbooks in May 2024 was their parlay and same-game parlays.","og_url":"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/","og_site_name":"Sports7","article_published_time":"2024-06-24T12:41:56+00:00","og_image":[{"width":820,"height":547,"url":"https:\/\/sports7.us\/wp-content\/uploads\/2024\/06\/Louisiana-sportsbook-pic.jpg","type":"image\/jpeg"}],"author":"Zach Wolpin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Zach Wolpin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/","url":"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/","name":"Louisiana Sportsbooks collected $34.7 million in revenue in May for a 13.5% hold","isPartOf":{"@id":"https:\/\/sports7.us\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/#primaryimage"},"image":{"@id":"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/#primaryimage"},"thumbnailUrl":"https:\/\/sports7.us\/wp-content\/uploads\/2024\/06\/Louisiana-sportsbook-pic.jpg","datePublished":"2024-06-24T12:41:56+00:00","dateModified":"2024-06-24T12:41:56+00:00","author":{"@id":"https:\/\/sports7.us\/#\/schema\/person\/17fb65de17f8df5eee81231f05c2a3b8"},"description":"The most profitable source of betting revenue for Louisiana Sportsbooks in May 2024 was their parlay and same-game parlays.","breadcrumb":{"@id":"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/#primaryimage","url":"https:\/\/sports7.us\/wp-content\/uploads\/2024\/06\/Louisiana-sportsbook-pic.jpg","contentUrl":"https:\/\/sports7.us\/wp-content\/uploads\/2024\/06\/Louisiana-sportsbook-pic.jpg","width":820,"height":547},{"@type":"BreadcrumbList","@id":"https:\/\/sports7.us\/news\/louisiana-sportsbooks-collected-34-7-million-in-revenue-in-may-for-a-13-5-hold\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sports7.us\/"},{"@type":"ListItem","position":2,"name":"Louisiana Sportsbooks collected $34.7 million in revenue in May for a 13.5% hold"}]},{"@type":"WebSite","@id":"https:\/\/sports7.us\/#website","url":"https:\/\/sports7.us\/","name":"Sports7","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sports7.us\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/sports7.us\/#\/schema\/person\/17fb65de17f8df5eee81231f05c2a3b8","url":"https:\/\/sports7.us\/author\/zachwolpin\/","name":"Zach Wolpin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sports7.us\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac48d230009f3ffb664ed5aff4f602ef?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac48d230009f3ffb664ed5aff4f602ef?s=96&d=mm&r=g","caption":"Zach Wolpin"},"jobTitle":"Sports Editor","email":"","sameAs":["","","","",""]}]}},"_links":{"self":[{"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/posts\/1585576"}],"collection":[{"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/users\/304"}],"replies":[{"embeddable":true,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/comments?post=1585576"}],"version-history":[{"count":1,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/posts\/1585576\/revisions"}],"predecessor-version":[{"id":1585578,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/posts\/1585576\/revisions\/1585578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/media\/1585577"}],"wp:attachment":[{"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/media?parent=1585576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/categories?post=1585576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/tags?post=1585576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}