The Louisiana gaming control board released figures from the month of February. The state had a total of $211 million wagered on sports, that amounts to $16 million in tax revenue for the state.
“The real winner out of sports betting is going to be early childhood education. They are going to receive 25% of all the sports betting taxes that are paid” said Ronnie Johns chairman of the Louisiana gaming control board.
Louisiana has a projected $351 million in sports betting revenue for the first year, and the month of February has helped them get off on the right foot.