Louisiana’s gaming industry faced a challenging period as the latest monthly revenue report from the Louisiana Gaming Control Board revealed a significant year-on-year and month-to-month drop. The combined revenue of the state’s 13 riverboat casinos, four racinos, and Harrah’s land-based casino amounted to $196 million, marking a 26% decrease from the $265 million reported in June 2022.
Lake Charles District:
Total Revenue: $79.5 million
Year-on-Year Increase: 5.4%
Key Contributors: Golden Nugget Lake Charles ($29.3m), L’Auberge Casino Resort Lake Charles ($27.3m), Delta Downs Racetrack Casino Hotel ($14.2m), Horseshoe Lake Charles ($8.8m)
Shreveport/Bossier Properties:
Total Revenue: $45.7 million
Year-on-Year Decrease: 14.4%
Major Establishments: Margaritaville Resort Casino ($15.3m), Horseshoe Bossier City ($10.2m), Bally’s Shreveport Casino & Hotel ($9m)
New Orleans District:
Total Revenue: $43.2 million
Year-on-Year Decrease: 11.6%
Leading Contributors: Harrah’s New Orleans ($19.8m), Boomtown Casino & Hotel ($10.2m), Treasure Chest Casino ($7.1m)
Baton Rouge District:
Total Revenue: $21.5 million
Year-on-Year Decrease: 12.2%
Key Players: L’Auberge Casino Hotel ($16m), Hollywood Casino Baton Rouge ($4.4m), Belle of Baton Rouge Casino Hotel ($1.1m)
Evangeline Downs Racetrack & Casino (St. Landry Parish):
Revenue: $6 million
Year-on-Year Decrease: 2.1%
Comparative Analysis:
The statewide decline of 26% in year-on-year revenue is accompanied by a 2% drop when compared to the previous month’s figures of $202.8 million. This indicates a challenging trend for the Louisiana gaming industry.
Louisiana’s gaming landscape is navigating a period of decreased revenue, with various districts experiencing contrasting fortunes. Understanding the dynamics of each region is crucial for stakeholders as they adapt to industry shifts. The data underscores the need for strategic considerations and innovation to revive and sustain the health of Louisiana’s gaming sector in the coming months.