Louisiana’s casino revenue dips 2.1% in September
Both land-based and riverboat casino revenue was down, as was revenue from slots at racetracks and video gaming terminals.
The Louisiana Gaming Control Board (LGCB) has posted its financial reports for September in its land-based, riverboat casino, video gambling and racetrack slot machine sectors, which all experienced a slight revenue decrease year-on-year.
The land-based Harrah’s New Orleans Casino saw the largest drop, generating $20.7m in September 2023, 9.8% less gross gaming revenue (GGR) year-on-year.
Year to date, which for the LGCB began July 1 2023, Harrah’s New Orleans Casino has brought in $55.1m, while in the same period during 2022, it had made $64.9m in GGR.
Year to date, the casino also saw a 25.3% decrease in its admissions to 575,356. For the month of September, the casino had 197,078 admissions, 27.9% down, year-on-year.
Riverboat casinos brought in 0.9% less adjusted gross revenue (AGR) year-on-year, and made $139.5m total, with the three Lake Charles area riverboats outperforming New Orleans, Baton Rouge and Shreveport/Bossier area riverboats, generating $59.5m AGR.
The top three riverboat casinos that generated the most AGR were: L’Auberge Lake Charles with $26.5m, Golden Nugget Lake Charles with $25.9m and Margaritaville Resort Casino in Bossier City with $14.8m.
When combining land-based and riverboat casino AGR, September 2023 brought in $160.2m, 2.1% less than September 2022.
The video poker terminals in Louisiana brought in a net devolved revenue (NDR) of $60.1m down from the $62.4m made in September 2022. There are currently 1,384 video gaming locations between bars, restaurants, hotels, racetracks and truckstops with 11,811 devices.
Slot machines at Louisiana’s racetracks generated $25.1m AGR, down 1.8% from the previous September. Delta Downs brought in over half of that figure with $12.9m.
Sports wagering figures were not yet reported at the time of writing.
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