Mobile sports betting is live in Louisiana now, so a number of sportsbook apps are available in the state. In-person betting officially launched in Oct. 2021, and the launch of mobile betting in Jan. 2022 takes Louisiana sports betting to the next level.
All in all, Louisiana bettors can enjoy a robust and competitive marketplace with online and mobile sportsbooks, retail betting shops, and kiosks in bars and restaurants all taking action. Multiple sportsbooks are also currently offering exciting welcome bonuses to bettors in the Pelican State.
NFL Betting Comparisons Among the Best Sportsbooks
|Sportsbook||Current Bonus||Why we like it for NFL Odds|
|DraftKings||$50 free bet + $1,000 deposit bonus, matched up to 20%||DraftKings has built up a big name for themselves, particularly through daily fantasy. Now, its sportsbook is known for offering great odds for futures and for promoting creative odds boosters and teasers.|
|Caesars||First Bet Insurance Up To $1,250||Caesars has quickly become one of the bigger names among all sportsbooks. When it comes to NFL spread odds and odd boosts, Caesars is one of the best around.|
|FanDuel||$1,000 risk-free bet||FanDuel is one of the most renowned sportsbooks in the US. FanDuel provides competitive NFL odds, especially on the money line, and they boast a wide variety of prop bet and odds boosters.|
Where is Sports Betting Available on the NFL in Louisiana?
Bettors who register and verify their DraftKings Sportsbook account will get a $50 following their initial $5 deposit, along with a 20% deposit match up to $1,000 (5x playthrough). Over at FanDuel Sportsbook, Louisiana bettors can get a no sweat first bet up to $1,000.
Online Sportsbooks in Louisiana
Online sportsbooks are live and feature either a deposit bonus or a risk-free bet for the initial wager. Some of the more prominent online sportsbooks include:
- DraftKings Sportsbook Louisiana
- Caesars Sportsbook Louisiana
- BetMGM Sportsbook Louisiana
- BetRivers Sportsbook Louisiana
- FanDuel Sportsbook Louisiana
As for retail sportsbooks, Paragon Resort Casino in Marksville opened the state’s first retail sportsbook on Oct. 6, 2021. Since then, numerous brick-and-mortar casinos are accepting sports wagers in Louisiana.
Caesars Entertainment oversees Caesars Sportsbook and is partnered with Harrah’s New Orleans and other large sportsbooks like FanDuel have launched partnerships with retail sportsbooks in Lousiana.
How Sportsbooks Calculate NFL Odds
NFL betting odds are almost always displayed as American odds when it comes to sportsbooks in the US.
These odds are formatted in a way that shows how much a bettor would win based on a $100 bet. American odds start with a minus (-) sign when displaying the favorite and a plus (+) sign for the underdog.
When placing a bet, your payout amount is straightforward because if the odds are displayed at +300, you’ll receive a payout of $300 on a $100 bet. This bet would mean you’ll profit $200 and walk away with $300 after risking $100 on the wager. If you bet on the favorite with odds of -170, this indicates that you’ll need to bet $170 to win $100.
These odds are calculated using a combination of implied probabilities and added “juice” or “vig,” which is the cut that the sportsbook takes on each bet. Odds are based on how the sportsbook value’s one team compared to its opponent.
Odds and lines are also heavily influenced by how many people are betting on a certain team. For example, if the majority of bettors are wagering on a particular favored team, then their odds would diminish and payouts would decrease to shift the balance.
There are key events that can change the odds, such as if a star player gets injured.
Other factors that impact the odds include home-field advantage for an NFL team, the weather, or how the teams have been performing recently. Sportsbooks determine how external factors and historical data and statistics should affect the odds to make them as accurate as possible.
NFL Futures Odds
A futures bet is a bet for an event that will occur many games in advance, usually regarding a championship or other significant events such as a playoff game or an award winner.
For the New Orleans Saints, their current Super Bowl odds sit at +15000, according to FanDuel Sportsbook (as of Nov. 12, 2022).
The Saints overcame a 16-point deficit in the fourth quarter to defeat the Atlanta Falcons, 27-26, in the 2022 NFL season opener.
What Kind of Bets Can Be Placed on the NFL
In Louisiana, you can choose from a wide range of NFL bets, and various sportsbooks offer many bets to match your preferences perfectly.
These are typically the most common bets for every NFL game:
Point Spreads: The sportsbook determines the favorite in the game and the underdog, and the spread is the number of points the favorite is expected to win by. The favored team is followed by a minus (-) sign and the point margin.
If you place a bet on the favored team, they would need to win by more than the listed amount of points for you to win the bet. If you bet on the underdog, listed next to a plus (+) symbol, they would need to come within the listed amount of points for you to win the bet in this case.
Moneyline: In a moneyline bet, you’re betting on which team you think will win the game. The margin of victory is irrelevant as moneyline bets are based on picking one team to win while the other team loses.
Totals (or Over/Under): Typically referred to as the Over/Under (O/U) or the total, these bets have to do with the total amount of points scored in a game by both teams combined. You can either bet that the total points go over the amount set by the sportsbook or that it fails to reach that number and hits the Under.
Parlays: This is when you make multiple bets on a betslip to increase your payout. In this type of bet, if just one of the bets loses, you lose all the money risked, and all bets on the parlay have to win to receive the total payout.
How to Place Prop Bets on the NFL
A prop bet is a bet that doesn’t involve the overall game result but rather a minor event or set of events within the game. Prop bets sometimes involve an individual player’s stats or combined stats from all players, such as the number of total yards thrown for a quarterback or total penalties committed in the game by both teams.
They can also relate to a specific event or play, such as the first player to score a touchdown. Prop bets can also center around player awards such as NFL Offensive Rookie of the Year or Super Bowl MVP.
Last year, there was a prop bet about which color Gatorade would be dumped on the winning coach. It turned out to be blue, which had odds of +650 entering the game.
This was a pretty random bet and you can bet on this kind of prop bet and a lot of other interesting ones in the upcoming Super Bowl.
How to Bet on the NFL in Louisiana
The launch of sports betting in Louisiana is here, and it’s straightforward to place bets on the NFL.
There are several sportsbooks to pick from in Lousiana, including FanDuel Sportsbook.
- For FanDuel Sportsbook, you’d first have to download the mobile app onto your phone.
- Create an account where you’ll provide your personal details, banking details, and identity verification.
- Using your selected payment method, deposit funds into your FanDuel Sportsbook account, and use a bonus or promotional code if applicable.
- Navigate over to NFL bets and make your first bet.
How to Place Super Bowl Bets in Louisiana
Bettors are able to wager on the big game from Louisiana. If you decide to place a futures bet on the Saints to win the Super Bowl, it’ll mark their first time back in over a decade.
Back on Feb. 7, 2010, the Saints defeated the Indianapolis Colts in Super Bowl XLIV in one of the more entertaining Super Bowls in recent history. Even if the Saints don’t reach the Super Bowl, you’re still able to bet on it at sportsbooks.
You’re able to bet on many prop bets, such as the Super Bowl MVP, the number of yards the star running back will rush for, and much more. You could even bet on special prop bets about how many commercials will run or about what the first song will be at halftime.
NFL Existing Partnerships With Sportsbooks
On Aug. 30, 2021, the NFL announced partnerships with four major sportsbooks, including WynnBet, BetMGM, and PointsBet. The NFL already had existing partnerships with Caesars, DraftKings, and FanDuel, and you can expect to see all seven of these sportsbooks in Louisiana.
These partnerships give select sportsbooks the exclusive right to purchase NFL in-game commercial units and other select NFL media inventory. Other sports leagues also have existing partnerships that deal with exclusive rights, and the NFL is one of the latest leagues to expand upon their partnerships.
NFL Odds and Sports Betting FAQs
Extremely popular — an estimated 46.6 million Americans plan to bet on the NFL this season.
Harrah’s New Orleans in Caesars Superdome, the home of the Saints, is the closest sportsbook.
Yes, the NFL has partnerships with seven sportsbooks: BetMGM, Caesars, DraftKings, FanDuel, FOX Bet, PointsBet, and WynnBET.
Yes, DraftKings launched in Jan. 2022 and is offered through a partnership with The Golden Nugget Lake Charles.
Yes, FanDuel launched in Jan. 2022 and is offered under Treasure Chest’s sports betting license.