Louisiana Casinos, Sports Betting Revenues Finish 2023 With Strong December

Written By J.R. Duren on January 22, 2024
Riverboat Casino In Shreveport, Louisiana

Louisiana casinos had an excellent December, recording double-digit growth for riverboat casinos, racinos, land-based casinos, and online sportsbooks, according to the latest data from the Louisiana Gaming Control Board.

December’s riverboat casino revenue

Louisiana is home to 14 riverboats that, as a group, bring in more revenue than racinos, land-based casinos, and sports betting combined.

Here’s what the numbers looked like this past month:

LA Riverboat Casino Revenue Dec 2023 Infograph

Louisiana’s casino industry is split into four regions: Shreveport/Bossier, Lake Charles, New Orleans, and Baton Rouge.

Lake Charles generates the most revenue monthly, typically followed by Shreveport/Bossier, Baton Rouge, and New Orleans.

This past month, the Lake Charles region generated $68.9. million in revenue, up 21.5%% over November. Shreveport/Bossier brought in $47.5 million, up 6.8%.

Baton Rogue came in at $22.4 million (up 9.1%), and New Orleans saw a 2.9% monthly growth on $19.3 million in revenue.

In total, casinos tallied $158.2 million in revenue, up 12.5% and nearly $18 million over Louisiana’s November 2023 revenue figures.

Racino revenue for December 2023

The state’s four racinos (horse tracks with slot machines) outpaced riverboat revenue growth by 3.8 percentage points, 16.3% to 12.5%.

TrackDecember 2023November 2023% Change (Monthly)
Delta Downs$14,213,831$11,839,20120.1%
Evangeline Downs$6,661,764$5,963,42211.7%
Fair Grounds$3,355,339$3,042,00110.3%
Louisiana Downs$3,432,299$2,949,60616.4%

Delta Downs once again led the way, posting $14.2 million for December, up 20.1% over November. The properties did better collectively than in December 2022, too: $27.7 million to $26.1 million.

Louisiana’s one land-based casino revenue

Louisiana is home to one land-based casino: Harrah’s New Orleans. The flagship property brought in $24.7 million in December, up nearly $4 million from November and nearly $2 million from December 2022.

Sports betting figures in December

Louisiana’s online sportsbooks had a strong December, notching better handle (total amount bet) and revenue over December 2022:

MonthHandleRevenueRevenue Growth (Year-on-Year)
December 2023$344,928,425 $51,282,33267.9%
November 2023$322,939,359$18,107,946165.0%
October 2023$276,229,708 $39,207,87050.7%
September 2023$248,831,422$36,082,80727.9%
August 2023$138,853,445$15,038,678105.8%
July 2023$122,520,979$15,697,788-18.3%
2023-2024 Fiscal Year Total$1,454,303,338$175,417,421109.6%

Retail sportsbooks (physical locations) couldn’t match mobile’s growth. Retail handle fell 10.9% year-on-year in December, and net proceeds plummeted 29.9%.

Though retail books struggled, it was not a surprise. LA’s online sports betting launched in January 2022 and has since pulled a significant chunk of business from in-person sportsbooks.

Photo by PlayUSA
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J.R. Duren

J.R. Duren has covered the gambling beats for more than a dozen states for Catena Media since 2015. His past reporting experience includes two years at the Villages Daily Sun, and he is a first-place winner at the Florida Press Club Excellence in Journalism Contest.

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