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US May round-up: Louisiana revenue grows while handle dips in New Hampshire

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US May round-up: Louisiana revenue grows while handle dips in New Hampshire


Casting an eye over the latest monthly US state results, iGB analyses further sports betting growth in Louisiana and an ongoing spending decline in New Hampshire.

Louisiana saw handle and revenue rise year-on-year during May. New Hampshire, however, reported lower revenue despite an increase in player spending.

Overall spend on sports betting in the state in May hit $256.7m (£203.1m/€240.1m), 31.6% higher than the same month last year. Of this total, $238.3m was bet online, with the other $18.4m wagered at retail sportsbooks.

Former Louisiana State University (LSU) national basketball champion Angel Reese signed to the WNBA team Chicago Sky in May at the start of the league’s four month season, this likely encouraged increased betting activity in the state during the month.

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Revenue growth in Louisiana 

As for gross gaming revenue from sports betting, this totalled $33.5m. The figure is 18.8% up on the previous year and marginally ahead of $33.0m in April.

Online betting accounted for $31.2m of all sports wagering revenue in May. Revenue from the retail market amounted to $2.3m.

Parlay betting drew the most revenue across both channels, with online at $21.3m and retail $1.4m. For a single sport, basketball was the biggest money-maker for online at $2.2m, whereas baseball took top spot in the retail sector with revenue of $479,857.

In terms of tax, online betting generated $5.5m in May, with retail at $244,950.

For the year to date, total wagered in Louisiana hit $3.12bn during the 10 months to the end of May. This includes $2.85bn in online bets and $275.6m in retail wagers.

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Revenue-wise, for the whole market, this hit $361.8m for the same period. Some $333.4m is from online betting and $28.5m retail wagering.

Handle down again in New Hampshire

Turning now to New Hampshire, total spend in May hit $58.0m. This is 11.3% higher than last year but down 3.2% from April. It is also the second consecutive month of decline in the state.

Players spent $51.7m betting online in April compared to the $6.3m wagered at retail books.

As for revenue, this topped $6.5m in May. This is 7.1% lower than last year, despite higher spending, but 22.6% more than April and its higher handle.

Of all revenue generated in May, $5.9m came from online betting and $652,270 the retail sector.

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New Hampshire generated $2.8m in tax from sports betting during the month. This includes $2.5m from online wagers and $293,521 retail bets.

For the year to date, total spend in New Hampshire during the 10 months to the end of May was $703.7m. This comprises $616.9m in online wagers and $86.8m in retail bets.

In terms of revenue, the total generated in the same period hit $71.5m. This includes some $64.5m from the online sector and $7.0m retail.



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Louisiana

Panel OKs Louisiana LNG terminal | Arkansas Democrat Gazette

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Panel OKs Louisiana LNG terminal | Arkansas Democrat Gazette


NEW ORLEANS — What would be the nation’s largest export terminal for liquefied natural gas won approval from a federal commission Thursday, although when the Louisiana project will be completed remains unclear in light of a Biden administration delay announced this year on such projects.

Venture Global’s Calcasieu Pass 2 southwestern Louisiana project, often referred to as CP2, was approved with little discussion by the Federal Energy Regulatory Commission during a livestreamed meeting. However, the project, which would be Venture Global’s second such facility in the area, still needs Department of Energy approval, and its immediate prospects are uncertain, given the administration’s January pause.

That pause aligned President Joe Biden with environmentalists who fear the huge increase in exports, in the form of liquefied natural gas, or LNG, is locking in potentially catastrophic planet-warming emissions.

Louisiana’s two Republican U.S. senators, officials from other energy producing states and industry officials have derided the pause as shortsighted and a boon to U.S. adversaries that produce energy, including Iran and Russia. But, some residents and environmentalists in the state — dependent on oil and gas dollars but also vulnerable to the effects of climate change — are wary of more LNG development.

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Venture Global issued a statement praising the regulatory commission’s approval. “This project will be critical to global energy security and supporting the energy transition, as well as provide jobs and economic growth across Louisiana and the United States,” said Mike Sabel, CEO of Venture Global LNG.

The commission’s approval brings new pressure on Biden from environmentalists.

“The temporary pause on LNG export permitting was a good first step; now President Biden must make the pause permanent and do whatever is necessary to clamp down on fossil fuels throughout the country,” the group Food & Water Watch said in an emailed statement critical of the regulatory commission’s decision.

“New LNG export terminals are simply not compatible with a healthy, livable future,” said a statement from the environmental group Evergreen Action.

Outgoing Federal Energy Regulatory Commission member Allison Clements spoke against the projects Thursday morning. “These projects will have enormous emissions of greenhouse gases, equivalent to putting more than 1.8 million new gas-fueled cars on the road each year. The order does not meaningfully assess those emissions,” Clements said.

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Commission Chair Willie Phillips said after the meeting that the commission had to maintain “a delicate balance” between the environmental concerns of communities and following the law governing project approval.

“When matters are complete, when our review is final, we give those matters a vote. And this matter is consistent with the standard that we’ve set for every other project,” Phillips said when asked about critics’ claims that the commission gave “rubber stamp” approval to the project.

He said the commission’s actions, in requiring about 130 conditions on the CP2 project, go “above and beyond” what the panel is required to do under the National Environmental Policy Act, a bedrock environmental law that requires extensive study and public input before major environmental projects can be approved.

Information for this article was contributed by Matthew Daly of The Associated Press.



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Pros and cons of Sacramento Kings signing Isaiah Crawford of Louisiana Tech basketball in 2024 NBA draft

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Pros and cons of Sacramento Kings signing Isaiah Crawford of Louisiana Tech basketball in 2024 NBA draft


Louisiana Tech basketball has another player in the NBA.

The Bulldogs’ Isaiah Crawford was signed by the Sacramento Kings as an undrafted free agent following the NBA draft.

Crawford leaves Ruston as one of the most decorated players in recent program history, and could contribute to the Kings — if he can stay healthy.

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What Isaiah Crawford brings to the 2024 NBA Draft

Crawford has been known throughout his career for his defense. It peaked during his final season in 2023-24, when he averaged 2.1 steals and 1.7 blocks per game on his way to being named Conference USA’s Defensive Player of the Year.

He’s not too shabby on offense either, with his scoring average going up every year of his college career except for 2021-22, when he was limited to just three games.

More Louisiana Tech Sports: Former Lady Techster Monica Maxwell incited by Leon Barmore to do great things

More Louisiana Tech Sports: Louisiana Tech 2024 defense to be bolstered by LSU transfer

Isaiah Crawford’s concerns in 2024 NBA Draft

However, Crawford has also had trouble staying on the court. In January 2020, he tore his ACL midway through his freshman season, missing the rest of the year while recovering.

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Then, Crawford’s redshirt sophomore season came to an end in November 2021, when he tore his ACL in the same knee. It’s reasonable for the Kings to take things slower than they usually would given Crawford’s history.



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Texas vs. Louisiana Monroe Week 4 Preview: Keys to the Game

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Texas vs. Louisiana Monroe Week 4 Preview: Keys to the Game


For the first time in two years and the third time overall, Texas will face Louisiana Monroe in what could be another day at practice for the Longhorns if the Warhawks admit their defeat from the get-go.

Texas powered over ULM in both of their previous meetings, having an advantage of nearly 40 points in both games. The Longhorns stand as one of the most difficult opponents for the Warhawks, as the ULM football schedule ranks fourth from last in college football toughness, while Texas ranks within the top three.

However, a spotlight for ULM has been put on its new head coach Bryant Vincent, and the talent he newly signed back in February. Vincent carries vast coaching experience in offense, and his expertise will be necessary in order for the Warhawks to see a higher-scoring game this time around.

This year will mark Vincent’s debut for the team and his first time in Austin, where the intimidating atmosphere of Darell K. Royal Stadium awaits. But with returning rushing yards leader Hunter Smith in his rotation, who is familiar with the environment after playing against Texas in 2022, Vincent won’t be left completely in the dark.

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Texas is looking to be the obvious favorite for this matchup, but anything can happen in college football. Here are the keys for each team in order to secure a win in week 4.

…it shows up.

The Longhorns are overqualified for the job at hand, but that should be even more of a reason to go in for another dominating win rather than take it as an excuse to be sloppy and relaxed on the field. Head coach Steve Sarkisian shouldn’t automatically see the Warhawks as an “easy” opponent and should take this opportunity to show what his team is capable of in all areas of the game.

Another home-field advantage for Texas will also be helpful in making sure that the Longhorns stay in their element and stay focused, so fans should still show up and make the stadium loud and proud.

…fate intervenes for the Warhawks.

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ULM is going to have to rebuild with the introduction of Vincent at the helm, and it could take years for the Warhawks to make an impression in the college football world. Heavy preparation will be necessary just to go up against Texas alone, and it’s unlikely that Vincent will turn around his program in just a few months.

But a win for the Warhawks is still possible if they put their best players on the field, such as Smith, Carl Glass Jr., and potential quarterback Hunter Herring. Texas would also have to make some notable errors on both offense and defense for ULM to get the lead or the win.

A victory for ULM would be historic in all aspects, while a loss for Texas would leave a devastating situation for a top tier team.



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