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Louisiana Casinos Enjoy Lucrative February While Online Sports Betting Struggles

Written By J.R. Duren on March 20, 2024
Bally's Shreveport Facade At Night

The fact that February had two fewer days than January couldn’t stop Louisiana gaming from enjoying considerable revenue gains from riverboat, land-based, and racino gaming.

Sports betting, on the other hand, didn’t fare so well. The end of the NFL season led to monthly losses.

Louisiana’s riverboat casinos enjoyed a $21 million boost in February

Louisiana riverboat casinos had a strong month in February, posting over $143 million in taxable revenue, up nearly 17.6% from January’s total of almost $121.7 million.

Casino (Region)February 2024January 2024% Change (Monthly)
Boomtown Bossier (Shreveport/Bossier)$4,043,086$3,266,68923.77%
Bally's Shreveport (Shreveport/Bossier)$9,387,525$6,566,07342.97%
Horseshoe Bossier City (Shreveport/Bossier)$10,497,532$9,054,98915.93%
Sam's Town (Shreveport/Bossier)$3,556,797$2,614,87836.02%
Margaritaville Resort Casino (Shreveport/Bossier)$16,728,615$12,846,46230.22%
Horseshoe Lake Charles (Lake Charles)$6,342,432$5,598,41913.29%
L'Auberge Lake Charles (Lake Charles)$24,564,977$20,418,86720.31%
Golden Nugget Lake Charles (Lake Charles)$24,785,512$22,824,5688.59%
Amelia Belle (New Orleans)$2,705,486$2,384,43213.46%
Boomtown New Orleans (New Orleans)$10,729,197$9,429,78913.78%
Treasure Chest (New Orleans)$6,903,916$6,382,0648.18%
Belle of Baton Rouge (Baton Rouge)$629,162$639,977-1.69%
The Queen Baton Rouge (Baton Rouge)$7,250,908$6,087,22019.12%
L'Auberge Baton Rouge (Baton Rouge)$14,919,478$13,571,0349.94%

All but one of the state’s 14 riverboat casinos saw gains in February. Bally’s Shreveport had the most growth, percentage-wise, with a near-43% jump month on month. L’Auberge Lake Charles had the biggest dollar jump, seeing an almost $4.2 million increase over January.

Harrah’s New Orleans posted big monthly and yearly wins

Harrah’s New Orleans reported $23.8 million in February revenue, good for a 27.3% gain month on month and 10% year on year.

Louisiana online casinos are not yet legal.

LA racinos posted a 22% gain in February

Like their riverboat cousins, Louisiana’s racinos (horse tracks with slot machines) reversed their slow January with a hot February. The state’s four racinos shared over $27.7 million in February revenue. The figure is up 22% over LA’s January 2024 gaming win of $22.7 million.

TrackFebruary 2024January 2024% Change (Monthly)
Delta Downs$14,118,305$11,136,61726.77%
Louisiana Downs$3,926,463$2,744,30043.08%
Evangeline Downs$6,117,143$5,541,43610.39%
Fair Grounds Race Course & Slots$3,548,685$3,290,8997.83%

Delta Downs saw its revenue leap by nearly $3 million, while Louisiana Downs posted a 43.1% monthly gain.

Online sports betting was down for a second straight month

Louisiana’s nine online sportsbooks suffered from the end of the NFL season. Revenue plummeted close to 32%, marking the second straight month that sportsbook win was down by more than 30%.

MonthHandleRevenueMonthly growth
February 2024$253,069,041$24,260,572-31.98%
January 2024$317,844,144$35,668,766-30.45%
December 2023$344,928,425$51,282,332183.20%
November 2023$322,939,359$18,107,946-53.82%
October 2023$276,229,708$39,207,8708.66%
September 2023$248,831,422$36,082,807139.93%
August 2023$138,853,445$15,038,678-4.20%
July 2023$122,520,979$15,697,788-91.05%
2023-2024 Fiscal Year Total$1,454,303,338$175,417,421N/A

So far this fiscal year, the state’s online sportsbooks have generated $1.5 billion in handle (total amount bet) and $175.4 million in revenue. While mobile sportsbooks struggled in February compared to January, their fiscal-year totals are healthy. FY2023-24 revenue is up 90.7% compared to the same point in FY2022-23.

Retail (land-based) sportsbooks continued their decline in February. Revenue dropped 47.6% year-on-year, marking the seventh straight month that yearly revenue was down.

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Written by
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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