Louisiana Gaming Continues To Lose Ground
The Louisiana Gaming Control Board has reported gaming revenue for August, totalling $179.0 million. This represents a year-over-year decrease of -0.2%. Notably, August marks the seventh consecutive month in which gaming revenue has declined compared to the same period in 2022.
The revenue figures include contributions from riverboat casinos and Harrah’s New Orleans, the state’s sole commercial land-based casino.
Among the various districts in Louisiana, the Lake Charles district recorded the highest gaming revenue at $70.5 million, reflecting a year-over-year increase of 5.9%. Golden Nugget Lake Charles led in this district, with revenue of $26.7 million, followed by L’Auberge Casino Resort Lake Charles at $23.7 million.
Delta Downs Racetrack Casino Hotel reported $12.7 million in revenue, while Horseshoe Lake Charles generated $7.4 million.
The Shreveport/Bossier district experienced a -3.1% year-over-year drop in revenue, totalling $43.5 million. Notable contributors in this district include Margaritaville Resort Casino, with a revenue of $15.2 million, Horseshoe Bossier City, at $10.4 million and Bally’s Shreveport Casino & Hotel, with $7.8 million in revenue.
Property revenue in the New Orleans district also declined, amounting to $39.4 million, marking a 7.4% decrease from August 2022.
Harrah’s New Orleans generated $18.0 million in revenue, followed by Boomtown Casino & Hotel with $8.8 million and Treasure Chest Casino at $6.8 million.
Baton Rouge casinos contributed $19.7 million in revenue, with a negligible year-over-year decrease of -0.2%. L’Auberge Casino Hotel led the district with revenue of $14.6 million, followed by Hollywood Casino Baton Rouge at $3.8 million and the Belle of Baton Rouge Casino Hotel, which generated $1.2 million.
Evangeline Downs Racetrack & Casino in St. Landry Parish reported revenue of $6.0 million, reflecting a year-over-year increase of 5.2%.
These figures highlight a continued trend of year-over-year decreases in gaming revenue, with July already witnessing a 6% drop compared to July 2022.
While these trends seem opposite to what most states have continued to experience, Louisiana gaming authorities expect these numbers to increase as the market continues to grow gradually.
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