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Louisiana Casinos Enjoy Lucrative February While Online Sports Betting Struggles

Louisiana casino gaming enjoyed considerable revenue gains from riverboat, land-based, and racino gaming in February 2024.

Bally's Shreveport Facade At Night
J.R. Duren Avatar
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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%
Total$143,044,623$121,685,46117.55%

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%
Total$27,710,596$22,713,25122.00%

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.

J.R. Duren Avatar
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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.

View all posts 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.