The latest revenue figures from the Louisiana Gaming Control Board are out.
In October, The Bayou State’s gambling industry had mixed outcomes, with growth in some areas and a decrease in others.
From slot machines to land-based casinos, and the Riverboat industry, let's break down the numbers.
Riverboat Casino Figures Take a Hit
According to the Louisiana Gaming Control Board report, Riverboat casinos in Louisiana reported a drop of almost 2% in gaming revenue in October, bringing in $134 million.
Year-to-date, they earned $549 million, a 1% decrease from last year. Payments to the state remained roughly the same at $118 million.
Racetrack Slot Machine Revenue Essentially Flat
Racetrack slot revenue slightly increased by 0.2% in October to $24 million, with an 8% increase compared to last year. Despite this growth, year-to-date revenue decreased by 0.1%, marking a 6% drop from 2022.
New Orleans Casinos Putting Up Strong Numbers
Caesars New Orleans experienced an increase of nearly 38% in gaming revenue for October, totaling more than $22 million. However, year-to-date revenue decreased by 1%, continuing a long-term trend despite more visitors. Payments to the state remained steady.
But year-over- year figures show that the New Orleans district made $49 million, which is a 23% increase. Harrah’s New Orleans pulled in $22 million, up 13%. Treasure Chest Casino saw an 81% jump to $11 million, and Boomtown Casino & Hotel increased revenue by 11% to $10 million.
In fact, gaming revenue increased in every district except Shreveport/Bossier City, where it dropped by about 10%.
Video Gaming Market Improves
Revenue from video gaming devices climbed by 6% compared to last year, reaching $63 million, mainly thanks to bars and restaurants. So far this year, revenue is up slightly by 0.1%, with bars and restaurants leading the growth. There was little change at truck stops, while racetracks and hotels saw declines. Franchise fees for the industry were $19 million in October and $74 million for the year.
Louisiana Gaming Year-Over-Year Figures Strong
A closer look at the year-over-year numbers reveals some compelling insights. Yes, the Shreveport/Bossier City numbers fell by about 10%, but it still pulled in $41 million. Margaritaville Resort Casino rose 3% to $15 million. Bally’s Shreveport Casino & Hotel increased 6% to $9 million, while Horseshoe Bossier City revenue plunged 44% to $8 million.
In the Lake Charles district, revenue was $64 million, up 1% from last year. The Golden Nugget Lake Charles led with $24 million in revenue, up about 1%. L’Auberge Casino Resort earned $23 million, a 2% increase, and Delta Downs saw a 10% jump to $12 million.
