Louisiana reported gaming revenue of $195.5 million for September, up 11.8% year-over-year.
The Lake Charles district led in revenue with $69.7 million, up 9.4%. L’Auberge Du Lac posted $26.7 million, up 10.6%. Golden Nugget Lake Charles collected $25.1 million, up 14.3%. Delta Downs brought in $12.2 million, down 2.2%.
New Orleans district properties reported revenue of $50.4 million, up 13.8%. Caesars New Orleans brought in $25.4 million, up 30.4%. Treasure Chest generated $11.9 million, down 3.4 %. Boomtown Casino & Hotel reported revenue of $7.3 million, up 2.6%.
Shreveport/Bossier City operators reported revenue of $47.6 million, up 15.9%. Margaritaville Resort Casino was the leading revenue generator, posting $11.9 million, aup 17.8%. Horseshoe Shreveport generated revenue of $11.1 million, up17.2%. Live! Casino posted $10.5 million, up 31.3%.
The Baton Rouge district’s $22.3 million was an increase of 10.7 %. L’Auberge Baton Rouge posted $11.5 million, down 6.9%. The Queen of Baton Rouge reported $5.9 million, down 16.4%. The district benefited from Bally’s Baton Rouge moving to land and collecting $4.9 million, up 607%.
Evangeline Downs generated $5.5 million, down 2.8%.
Revenue from sports betting was $45 million, down 7% year-over-year from a handle of $405 million, up 1%.
“Louisiana GGR increased +11.8% in September, driving 3Q growth of +3.5% against a +8.3% comp,” wrote Jefferies analyst David Katz. “Caesars outperformed in September, with all properties posting +10%+ GGR growth, though Caesars New Orleans was the only property to sustain momentum through the quarter (+13.2%). Racetracks lagged the broader market in 3Q, with Boyd’s Evangeline Downs the lone positive grower at +10bps year-over-year.”
