Louisiana sports betting handle reaches $391m in December

Louisiana sports betting handle reaches $391m in December

The handle increased by 3.6 per cent year-over-year.

US.- The Louisiana Gaming Control Board has published December’s online and retail sports betting figures. The handle was $391m, up 3.6 per cent year-over-year, but 5.5 per cent behind November.

Some $362.6m was wagered online and $28.4m at retail sportsbooks. Net proceeds reached $34.5m, down 38 per cent year-on-year. Parlays generated the most revenue from mobile sports betting at $22.9m while basketball wagers generated $4.9m. The state collected $6.4m in December, a 15.1 per cent decrease compared to last year.

Sports betting tax bill

Representative Roger Wilder‘s House Bill 22 aims to raise the tax rate on gross gaming revenue to 51 per cent. Louisiana currently levies 15 per cent on online sports betting GGR.

The bill would also stop operators from offering promotional credits to players. Currently, promotional play is permitted and credits can be deducted from licensees’ tax calculations. Operators gave out $44.4m in promo credits during the fiscal year ended June 30.

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