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Louisiana’s 20 brick-and-mortar slots and table game properties generated nearly $193 million in gross gaming revenue in January, making the month a solid one for Louisiana casinos.
Year over year, revenue from slots and table games was up 2.5%. However, revenue declined month-on-month by 8.8%.
Louisiana riverboat casinos’ revenue ticks up
The majority of the state’s slots and table games revenue comes from its 15 riverboats located in Shreveport, Bossier City, Lake Charles, New Orleans, and Baton Rouge.
In January, riverboats generated $147.8 million in revenue from slots and table games. More than half of that revenue came from three properties:
- L’Auberge Lake Charles: $31.4 million
- Golden Nugget Lake Charles: $30.1 million
- Margaritaville (Bossier City): $17.9 million
The state’s per-riverboat revenue average is $10.6 million, not including Diamond Jacks, which has been shut down since the beginning of the pandemic but is slated to re-open in 2024.
Eight of the 14 active riverboats saw revenue declines year on year and 12 of 14 saw month-on-month declines.
Overall, January’s numbers would’ve been down around $7 million over January 2022 had it not been for Horseshoe Lake Charles. The riverboat opened in December and brought in nearly $10 million in revenue last month.
Racinos up 1.8% year on year
Louisiana’s four “racinos” (horse tracks that offer slot play) brought in $25 million in revenue last month, representing a 1.8% year-on-year increase. January’s revenue was down 4% compared to December 2022.
Here’s a breakdown of how the racinos performed last month:
| Track | January 2023 | December 2022 | January 2022 |
|---|---|---|---|
| Delta Downs | $12.9 million | $13.8 million | $12.4 million |
| Evangeline Downs | $5.9 million | $5.9 million | $5.6 million |
| Fair Grounds | $3.4 million | $3.6 million | $3.4 million |
| Louisiana Downs | $3.1 million | $2.8 million | $3.2 million |
Harrah’s New Orleans sees big YOY revenue jump
Harrah’s New Orleans, the state’s only land-based casino, saw its revenue increase 13.6% compared to January 2022. The property brought in $20.1 million in gross gaming revenue, up more than $3 million over the year before.
Month-on-month, the casino struggled. Revenue was down 12.2%. And while that’s a significant drop, it wasn’t the biggest decline among the state’s 19 active properties with slots and table games.
Sam’s Town riverboat in Shreveport saw a 19.4% decrease, while Hollywood Baton Rouge’s revenue dropped 14.5% month-on-month.
