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Louisiana’s Casino Revenue Down Monthly And Yearly In October

Written By Katarina Vojvodic on November 20, 2023
New Orleans Skyline at Sunset With Riverboat with Louisiana gambling October 2023 revenue

According to the Louisiana Gaming Control Board’s (LGCB) latest report, revenue from all sources of gambling in October totaled $174.5 million. The number represents a yearly decrease of 2.5% and a nearly 5% monthly drop.

October marks the ninth month that gaming revenue in Louisiana has fallen on an annual comparison. The LGCB’s analysis includes revenue the state collects from:

  • Louisiana’s riverboat casinos
  • Harrah’s New Orleans land-based casino
  • Racetracks with slot machines
  • Video gaming terminals
  • LA online sportsbooks and retail locations

Louisiana riverboats win $132.51M in October revenue

Louisiana has 15 riverboat casinos that brought in $132.51 million in gaming revenue throughout October. Although the revenue represents a 5.0% decrease from September, it is a slight improvement of 1.2% from October last year.

Despite showing monthly (11.9%) and yearly (1%) decreases, Lake Charles was the most prosperous district with $52.42 million:

  1. Golden Nugget Lake Charles generated $23.57 million in gaming revenue
  2. L’Auberge Casino Resort Lake Charles made $22.19 million
  3. Horseshoe Lake Charles generated $6.66 million

Shreveport/Bossier district properties reported revenue of $42.12 million, a 4.8% yearly increase and a 2.8% monthly rise. The most successful were:

  1. Margaritaville Resort Casino: $14.44 million
  2. Horseshoe Bossier City: $13.28 million
  3. Bally’s Shreveport Casino & Hotel: $8.11 million

Properties in the Baton Rouge district reported revenue of $20.60 million, a 13.3% up yearly and a 0.6% drop monthly.

New Orleans district casino revenue also declined 11.8% yearly and 5.1% monthly, generating over $17.38 million.

Of 15 riverboat locations, only Horseshoe Bossier City and L’Auberge Baton Rouge reported monthly and yearly increases in revenue. Likewise, Bally’s Shreveport and The Queen Baton Rouge saw progress compared to October last year.

Louisiana’s lone land-based casino collects $19.64M

The state’s only Harrah’s New Orleans casino generated $19.64 million in total gross gaming revenue (GGR) throughout October. The figure shows a decrease of 5.1% from September and a 12.1% drop from October last year.

September’s gaming revenue in Louisiana of $20.69 million was the first monthly increase after slower summer months.

Delta Downs still dominates Louisiana’s racetracks

Slots at four LA racetracks brought in $22.35 million in total AGR in October. The figure is a 10.9% drop from September and a 13% decrease from the same period last year.

Delta Downs traditionally leads the way with almost $11 million in revenue. To get the bigger picture, here’s how much each of the four racetracks generated in gaming revenue throughout the last month:

  1. Delta Downs: $10.94 million
  2. Evangeline Downs: $5.88 million
  3. Fair Grounds: $2.84 million
  4. Louisiana Downs: $2.70 million

According to the Louisiana Gaming Control Board’s October report, all four reported monthly and yearly decreases in revenue.

LA retail and online sportsbooks show monthly increases in total bets

In total, Louisiana online sportsbooks and retail locations generated $42.46 million in net proceeds, out of which:

  • $39.21 million came through 9 nine online sportsbooks
  • $3.25 million came from 18 retail locations

Furthermore, LA online sportsbooks generated $276.23 million in betting handle (total bets). The figure is a 26.1% improvement from October 2022. It also represents an 8.66% monthly progress from $36.08 million reported in September.

Just like in previous months, most of online bets came from parlay:

  • Parlay: $24.96 million
  • Football: $7.31 million
  • Baseball: $3.35 million
  • Basketball: $2.06 million
  • Soccer: $175,769

Nearly $1.53 million came from other activities.

Meanwhile, retail sportsbooks collected $32.38 million in total bets, an 11.9% yearly decrease but a 3.59 % monthly rise.

Photo by PlayUSA
Katarina Vojvodic Avatar
Written by
Katarina Vojvodic

Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for PlayCanada.com. Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

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