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:
- Golden Nugget Lake Charles generated $23.57 million in gaming revenue
- L’Auberge Casino Resort Lake Charles made $22.19 million
- 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:
- Margaritaville Resort Casino: $14.44 million
- Horseshoe Bossier City: $13.28 million
- 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:
- Delta Downs: $10.94 million
- Evangeline Downs: $5.88 million
- Fair Grounds: $2.84 million
- 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.