For anyone reviewing the financials from Louisiana’s regulated gambling activity for the past fiscal year, an appropriate song to play would be Foreigner’s “Feels Like the First Time.” In one significant way, it absolutely is the first time.
True to Foreigner’s lyrics, the state’s licensed gaming channels made history in the fiscal year ending in June. Tax dollars and revenue for the various casinos, racetracks, and online sportsbooks came in like they never did before.
The final month of the 2022-23 fiscal year, June, elicited a range of revenue for the gambling industry in Louisiana. While the state’s sportsbooks saw substantial improvements in their business, racetracks stood pat and casinos bogged down.
