Louisiana Sees Persistent Decline in Gaming Revenue

Louisiana’s gambling industry saw a 2.5% decline in gross gaming revenue in October 2023 compared to the same month in 2022, according to the Louisiana Gaming Control Board. The total revenue from gambling operations reached $174.5 million, marking the ninth consecutive month of year-on-year decline in gaming revenues for the state.

The retail sports betting operators in Louisiana collectively handled $32 million, generating $3.3 million in revenue in October. Evangeline Downs Racetrack & Casino in St. Landry Parish reported a 2.5% year-over-year decline, with $5.9 million in revenue. The performance of land-based casino properties varied compared to October 2022, but a significant number of these facilities reported lower figures aligning with the overall market performance.

The Lake Charles district was a key driver of Louisiana’s gaming revenue in October 2023, recording $63.4 million, a 4.2% decline compared to the previous year. The Golden Nugget Lake Charles led the district with $23.6 million in gaming revenue, followed by L’Auberge Casino Resort Lake Charles with $22.2 million. Meanwhile, casino properties in the Shreveport/Bossier district collectively reported $44.8 million in gross gaming revenues, marking a 3.6% increase from the previous year.

In the New Orleans district, Harrah’s New Orleans led the casino market performance with $19.6 million in gross gaming revenue. Overall, the casino revenue in the district declined by 12.2% compared to October 2022, settling at $39.9 million. The Baton Rouge district, on the other hand, saw a 13.3% increase in gross gaming revenues, reaching $20.6 million.

Despite the outstanding performance of some individual properties, the overall gaming market in Louisiana experienced a decline in October 2023 compared to the same month in 2022. This marks the ninth consecutive month of decline in overall revenues for the state’s gambling industry.