Louisiana: March total gaming revenue drops slightly

Monday, April 17, 2023 2:54 PM
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  • Rege Behe, CDC Gaming

The Louisiana Gaming Control Board Monday reported revenue of $218.3 million in March, a year-on-year decrease of 1.4%. March revenue generated by the state’s riverboat casinos and Harrah’s New Orleans, the state’s only commercial land-based casino, was a 12.2% increase from the $193.0 million brought in during March 2022.

Sports betting generated revenue of $32.3 million from a handle of $249.0 million. Online sports betting was responsible for revenue of $28.8 million from a $223.0 million handle. Retail sports betting revenue was $3.5 million, the handle $26.0 million.

Lake Charles properties accrued revenue of $83.6 million in March, an 8.5% year-over-year increase. L’Auberge Casino Resort Lake Charles generated revenue of $30.2 million, followed by Golden Nugget Lake Charles with $29.4 million. Delta Downs Racetrack Casino Hotel was responsible for revenue of $15.2 million. Horseshoe Lake Charles, formerly Isle of Capri Lake Charles, brought in $8.9 million.

Shreveport/Bossier properties produced revenue of $57.0 million, a decrease of 1.6% million year-over-year. Margaritaville Resort Casino generated $20.3 million, Horseshoe Bossier City reported $13.7 million, and Bally’s Shreveport Casino & Hotel totaled $10.3 million.

Properties in the New Orleans district generated revenue of $47.3 million, a year-on-year decrease of 11.5%. Harrah’s New Orleans led New Orleans properties with revenue of $22.0 million, followed by Boomtown Casino & Hotel with $10.9 million and Treasure Chest Casino with $7.4 million for the month.

Properties in the Baton Rouge region generated $23.9 million in gaming revenue, a year-on-year decrease of -6.9%. L’Auberge Casino Hotel led the district with $17.8 million, Hollywood Casino Baton Rouge generated $5.0 million, and the Belle of Baton Rouge Casino Hotel, $1.1 million.

Evangeline Downs Racetrack & Casino in St. Landry Parish generated revenue of $6.5 million, a decrease of 10.2% from March 2022.

Rege Behe is lead contributor to CDC Gaming. He can be reached at rbehe@cdcgaming.com. Please follow @RegeBehe_exPTR on Twitter.