Fat Tuesday 2023 saw all the traditional New Orleans celebrations, and accordingly, Louisiana gambling apps and establishments enjoyed some juicy wins in February. Overall, the various gambling stations in the country won over $212 million of players during the month.
That’s a though slight decline Compared to the same number for February 2022, this was hardly the fault of online sports betting in the state. Not only did they win a respectable amount of bettors throughout the month, but they improved on their past performance.
A quick look at the Louisiana gambling numbers for February 2023
That $212 million, or $212.2 million to be precise, came from four different forms of gambling in the state over the past month.
- Online Sports Betting
- Physical sports betting on racetracks, on riverboats and indoors Harrah’s New Orleans
- Poker, slots and table games on riverboats and at Harrah’s New Orleans
- Slots on racetracks
There was both good and bad news for the state’s gaming industry year-over-year. On the plus side, slots on circuits like Delta Downs increased their sales by 8.4% compared to February 2022 with a monthly profit of over $2.1 million.
At the same time, the side-by-side numbers don’t look too good for the state’s most lucrative gambling opportunity. river boats saw her earnings drop from $151.6 million in February 2022 to $144.2 million last month.
That’s the main reason why total sales were down from $214.1 million in February 2022. However, this is a decrease from less than a percentage point. It’s also a significant improvement from January’s $193 million. Sports betting in the state helped keep the overall decline minimal.
Super Bowl LVII is helping Louisiana sportsbooks fight back
Super Bowl bets are usually mixed. While it’s usually the single biggest betting day of the year In the United States, the action tends to be bigger throughout the NFL playoffs leading up to it. That was seen in Louisiana this year.
In January, Louisiana’s sportsbook, online and physical, took in more than $282.2 million in bets and then made $27.9 million from that amount. Collected the same last month $175 million in bets and won $17.7 million.
While the New Orleans Saints were only part of the Super Bowl celebrations as spectators this year, that lack of attendance may have helped sports betting. As of February 2022, sportsbooks in Louisiana won about 7.9% of the money they took in to generate $16.6 million in revenue.
These apps and books increased their win ratio to 10.1 Last month. That’s the highest retention percentage for a single month since December 2022. That’s likely why sportsbooks in Louisiana celebrated Fat Tuesday this year.
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