Louisiana’s August Gambling Revenue Continues Declining Streak

Written By Katarina Vojvodic on September 25, 2023
Louisiana Riverboats Sit At The Dock In New Orleans

The Louisiana Gaming Control Board (LGCB) revealed gaming revenue for August was nearly $257.7 million. The report includes gaming revenue from:

  • Louisiana’s 15 riverboat casinos 
  • The state’s lone land-based casino, Harrah’s New Orleans
  • Racetracks with slot machines
  • Video gaming terminals
  • LA online sports betting and retail sportsbooks

Most revenue came from Louisiana riverboat casinos (almost $136.1 million), while slots at racetracks brought in nearly $25.1 million. The state’s only land-based casino generated $17.96 million in revenue, and video gaming terminals generated $61.6 million.

Harrah’s New Orleans generates nearly $18M in revenue

Throughout August, the state’s land-based Harrah’s New Orleans Casino generated $17.96 million in adjusted gaming revenue (AGR).

The figure is a monthly increase of 2.76% from July’s $17.48 million and a 7.15% yearly drop from August 2022’s $19.34 million.

LA riverboat casinos’ revenue drops monthly but increases yearly

Louisiana riverboat licensees and waterfront casinos generated $136.07 million in gaming revenue for the month.

The figure is a 1.02% increase from August 2022‘s riverboat revenue of $134.7 million. However, it is a 7.2% monthly drop from July’s $146.6 million.

The most successful operators in terms of revenue generated throughout August were:

  1. Golden Nugget Lake Charles: $26.7 million
  2. La’Auberge Lake Charles: $23.7 million
  3. Margaritaville: $15.2 million
  4. La’Auberge Baton Rouge: $14.6 million
  5. Horseshoe Bossier City: $10.4 million

Pie Chart For August 2023 Louisiana Gambling Revenue

Slots at LA racetracks bring in $25M in revenue

Slots at racetracks brought in the second-highest amount for gambling in Louisiana, generating around $25.04 million in total AGR. Figures are similar to August 2022’s slot total of $25.39 million but represent a monthly decrease from July’s $27.56 million.

In August 2023, the four racetrack’s gaming revenue is as follows:

  1. Delta Downs: $12,738,049
  2. Evangeline Downs: $6,025,578
  3. Fair Grounds: $3,188,293
  4. Louisiana Downs: $3,084,384

Louisiana sports betting handle increases yearly, while revenue drops

In August, eight online sportsbooks in Louisiana generated $138.85 million in total bets, representing a 23.9% yearly increase and a 13.3% monthly rise.

Meanwhile, online sports betting revenue was $15.04 million, a yearly 16.3% drop and a 4.2% monthly decrease.

Statewide retail sportsbooks collected $15.08 million in total bets, a 6.9% yearly decrease and 23.2% up from July. At the same time, August’s gaming revenue dropped to $1.97 million, compared to $2.16 million generated in August last year.

Photo by Janet McConnaughey / AP Photo
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Katarina Vojvodic

Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for PlayCanada.com. Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

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