Louisiana sees casino and racetrack slot revenue fall to $174.5m

November 17, 2023
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Mobile sports betting, however, has increased year-on-year from just under $26m to $39.2m.

Louisiana has reported its casino and total sports betting revenue for the month of October, which reached $174.5m (down 2.5% year-on-year) and $42.5m, (up a significant 40%) respectively.

Casino revenue is made up of riverboat and land-based casinos, as well as from revenue generated by slot machines at racetracks.

Harrah’s New Orleans Casino, the only venue in the Louisiana Gaming Control Board’s (LGCB) land-based category, generated $19.6m in gross gaming revenue, down 12.1% year-on-year and down 5.1% month-on-month. The LGCB fiscal year begins July 1, showing a year-to-date revenue of $75.8m, down 13% from the same period in 2022.

The riverboat casino category covers 15 gaming venues, which made a total of $132.5m, up slightly by 1.2% year-on-year, but down by just under 5% month-on-month. The venue that brought in the highest total was Golden Nugget Lake Charles with $23.6m, though this was down from $25.9m, which it made in both the previous month as well as during October last year.

Slots at racetracks brought the Pelican State $22.4m in October this year, down from $25.1m in September, and down from $25.7m in October of 2022. The racetrack that generated the most slot revenue was Delta Downs, which made over double the next-highest generating venue, bringing in $10.9m.

Retail sportsbooks brought in $3.3m, down 27.6% from October 2022. The most bet-on individual sport from retail locations was baseball, though parlay bets were the most popular overall. Mobile sportsbook revenue amounted to $39.2m, up from just under $26m in October the previous year. Parlays were still the most popular bet type with football as the most popular individual sport.

Louisiana also reports totals for its video gaming devices, found in bars, restaurants, hotels, truckstops and other locations. This is not included in the gaming total of $174.5m, but brought the state an additional $59.4m in revenue (though this is down by 5.7% year-on-year and down by 1.2% from September).

State-by-State

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