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Numbers for Louisiana’s 15 riverboats and its lone land-based casino continue to decline in July, according to the latest revenue report from the Louisiana Gaming Control Board (LGCB).
July sports gambling activity in the state generated $122.5 million in total bets, with net proceeds reaching $15.7 million, a decrease of more than 18% year-over-year.
Harrah’s New Orleans had a successful month
The state’s only land-based casino, Harrah’s New Orleans, reported a total gross gaming revenue of $24.3 million in July. The figure represents both year-over-year and month-over-month improvement. To be more specific, July’s activity summary represents a 9.4% yearly increase from July 2022’s $23.6 million and an increase of nearly 3% from June’s $22.2 million.
LA racetracks report monthly increase, but drop from last year
Total aggregated revenue from slots at Louisiana’s four racinos was $27.6 million. While the figure is a 1.3% increase from June’s $27.2 million, it is a 6% decrease from July 2022’s $29.3 million. Here’s how their AGRs compare for the month of July:
- Delta Downs: $14.26 million
- Evangeline Downs: $6.45 million
- Louisiana Downs: $3.59 million
- Fair Grounds: $3.26 million
Louisiana racetracks generated almost $4.2 million in state tax payments.
Riverboat casinos bring in the most money, but show declines
Once again, 15 riverboat casinos in Louisiana accounted for most of the state’s gaming activity throughout the month. Louisiana riverboats generated $146.6 million in adjusted gaming revenue (AGR), paying the state $31.5 million in fees.
Both of those numbers were down month-over-month and year-over-year. For example, July 2023’s revenue is a 1.5% decrease from June’s $146.9 million, as well as a 3.7% drop from July 2022’s $152.2 million.
Louisiana’s eight online sportsbooks took in $122.5M in bets
Eight Louisiana sportsbooks did not have the best month. In July, statewide online sportsbooks generated $122.5 million in total bets. Of that amount, Louisiana sportsbooks’ net proceeds of $15.7 million were down 18.3% compared to last year.
Most of the money came from parlay bets. Here’s a total breakdown of net proceeds by sports type throughout July:
- Parlay: $9,515,989
- Baseball: $2,715,813
- Basketball: $630,196
- Football: $421,498
- Soccer: $649,132
- Other: $1,475,609
At the same time, the amount of taxes ($2.0 million) that the state collected from regulated sports betting during July was up by 12.8% compared to the same month last year.
