Fanatics Sportsbook Launches Mobile Betting Today In Louisiana
Fanatics Sportsbook officially launches today in Louisiana. The apparel brand turned sports betting operator has secured a partnership with Boomtown Casino & Hotel, gaining market access in the Pelican State. Locals can now download the Fanatics Sportsbook app and access odds in select provinces.
Fanatics Sportsbook Enters Louisiana
This now marks the 22nd market in which the Fanatics Sportsbook is available. Louisiana sports betting fans now have access to odds and benefits on offer on the Fanatics betting app. Users can claim FanCash by wagering. FanCash is redeemable to earn sports jerseys from the apparel stores, bonus bets for wagering, and more. Fanatics Sportsbook is offering up to 10% back on bets, win or lose, in FanCash. The bigger the odds, the bigger the FanCash rewards.
“The Fanatics Sportsbook makes being a fan easy with fast signup, easy betting, transparent withdrawals and is rewarding loyalty 10x more than the leading sportsbooks,” reads the press release.
Fanatics recently launched its betting operation in New Jersey and Wyoming. The company has been continuously expanding since completing the acquisition of PointsBet in the U.S. With the Louisiana launch, Fanatics is now available in “95% of the addressable online sports bettor market in the U.S.”
Fanatics Sportsbook Joins Thriving Louisana Market
Fanatics is joining a thriving Louisiana market. Reports from the Louisiana Gaming Control Board show that local sportsbooks have seen $3,041,935,500 in wagers year to date. The market is performing at a 37% increase year over year, revealing continued growth. Louisiana launched sports betting in January 2022 and has seen consistent success.
According to the most recent revenue report, local sportsbooks saw $172,237,023 in wagers in July, with 22,459,969 in net proceeds. Fanatics Sportsbook is hoping to get a slice of the Louisiana pie. The state taxes sportsbooks at a 15% rate on revenue and collected $3,359,950 for July.
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