Date still not set for Louisiana online sports betting launch
The clock is ticking and Super Bowl LVI is growing closer, but a date for Louisiana’s online sports betting launch still has not been set.
A potential start date was not discussed at today’s Louisiana Gaming Control Board meeting. Gaming Control Board Chairman Ronnie Johns earlier this week told Saturday Down South the board is working hard to have an opening date soon and will announce the launch when a definitive date can be confirmed.
No Louisiana online sports betting start date
Luckily, Johns does not have to award online sports betting licenses at a Louisiana Gaming Control Board meeting. He can award them at any point after the state determines the launch can begin.
Johns previously told Saturday Down South he was hoping to launch before Super Bowl LVI on Sunday, Feb. 13. He said a late January launch is possible, but is not a guarantee. Johns said the casinos will be approved for online sports betting in the order in which they reached all regulatory requirements.
Another day, another rumor (this time from an LA news agency) that Louisiana online sports betting will launch next week.
Louisiana Gaming Control Board Chairman Ronnie Johns said the report is untrue.
“Hopefully we can start by late January, but that’s no guarantee either.”
— RLinnehanXL (@RLinnehanXl) January 6, 2022
Twenty casinos in the state are eligible for an online sports betting license. Each casino may have up to two sportsbooks skins for a potential total of 40 available online sportsbooks in the state. The Louisiana State Lottery may also partner with a sportsbook.
One of those casinos, Diamond Jacks in Bossier City, which ceased operations in 2020, has until Feb. 25 to restart its gaming operations or it may potentially lose its gaming license.
While online sports betting was not discussed at today’s meeting, the newest retail sports betting revenue figures were released to the public. In December, 11 Louisiana sportsbooks took in $39.5 million in sports bets and reported $4.38 million in revenue. This resulted in a tax payment of $438,000 to the state.
Also, Daily Fantasy Sports revenue figures were revealed for the first time since DraftKings’ launch in July and FanDuel’s launch in October.
In six months, DraftKings reported about $1.3 million in revenue and paid Louisiana about $107,000 in taxes. In three months, FanDuel reported $74,000 in revenue and paid the state about $6,000 in taxes.
What online sportsbooks will be available?
So what will be available when online sports betting is launched? FanDuel and DraftKings both currently offer Daily Fantasy Sports contests in the state and will also be part of the online sports betting launch as well.
Caesars Entertainment has also been confirmed, as the sportsbook app is already available for download in Louisiana. Users cannot place bets as of yet, but can register and fund accounts.
Caesars will offer in-person sports betting at its properties Harrah’s New Orleans and Horseshoe Bossier City. Each casino will soon take in-person bets at temporary retail locations, before the unveiling of their new Caesars Sportsbooks. In the fall of 2022, Isle of Capri Lake Charles will be renovated into Horseshoe Lake Charles and reopen with an additional Caesars Sportsbook location.
Additionally, Caesars acquired a 20-year, exclusive naming-rights partnership with the New Orleans Saints to rebrand New Orleans’ downtown stadium as the Caesars Superdome. Caesars Sportsbook is also the official sportsbook partner of LSU Athletics.
WynnBET will also be available in the state, as the company announced it secured online sports betting market access this past October. A source previously told Saturday Down South that WynnBET has secured a partnership for its online sports betting app through one of Caesars’ physical casino properties in Louisiana.
WynnBET is currently available in Arizona, Colorado, Indian, Michigan, New Jersey, Tennessee and Virginia.
It’s safe to assume the Barstool Sportsbook will also be available, as Penn National Gaming has partnered with two casinos that currently offer in-person sports betting. L’Auberge Casino Baton Rouge and Boomtown Casino Hotel both offer in-person sports betting and are Penn National Gaming properties.