Sugar beet molasses, a sugar-rich byproduct of sugar beet industry, have great potential as a biorefinery feedstock for the production of value-added bio-products by microbial fermentation. The production of functional exopolysaccharides (EPS) by lactic acid bacteria (LAB) represents a promising strategy for valorizing sugar processing waste. This study screened and identified high-efficiency EPS-producing LAB isolates from beet juice. Among the 32 isolates, six LAB strains including Limosilactobacillus fermentum YL7, Lactiplantibacillus plantarum YL4, TC10, and CJ10, Leuconostoc mesenteroides TCT3 and TCT4, exhibited efficient bio-conversion of beet molasses to LAB-EPS, with yields varying from 13.96 to 22.26 g/L. Antioxidant activity analysis revealed that EPS from these strains displayed significant scavenging activities against ABTS+, DPPH, and -OH radicals. Notably, EPS produced by L. plantarum TC10 and L. fermentum YL7 exhibited superior ABTS + scavenging capacity, with rates up to 99.48% and 95.89% at 4 mg/mL, respectively. Additionally, EPS from strains YL4, YL7, TCT3 and TCT4 showed significant antibiofilm activity against S. aureus and E. coli, with EPS-YL7 inhibiting S. aureus biofilm formation by up to 90.49% at 8.0 mg/mL. Furthermore, EPS from strains TCT4 demonstrated great tolerance to digestive fluid compared to EPS from other strains, with a retention rate of 72% at the end of intestinal digestion. These findings suggest that EPS-producing LAB strains from beet juice can efficiently convert beet molasses into valuable EPS utilized as functional food ingredients.