The Louisiana Gaming Control Board released the gross gaming revenue figures for October 2023, showing that the state’s gambling industry brought in $174.5 million. However, this represents a 2.5% decline compared to the same month in 2022, marking the ninth consecutive month of year-on-year revenue decline in Louisiana.
The report showed that retail sports betting operators in Louisiana collectively handled $32 million, resulting in $3.3 million in revenue for October. Evangeline Downs Racetrack & Casino in St. Landry Parish reported a revenue of $5.9 million, a 2.5% year-over-year decline. The performance of land-based casino properties also varied in comparison to October 2022, with many facilities reporting lower figures in line with the overall market performance.
The Lake Charles district was a major contributor to Louisiana’s gaming revenue, bringing in $63.4 million in October 2023. However, this still represented 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. Delta Downs Racetrack Casino Hotel generated $10.9 million, while Horseshoe Lake Charles posted $6.7 million, the lowest figure in the district.
In the Shreveport/Bossier district, casino properties collectively reported $44.8 million in gross gaming revenues for October, marking a 3.6% increase compared to the previous year. The Margaritaville Resort Casino led with $14.4 million in revenues, followed by Horseshoe Bossier City with $13.3 million and Bally’s Shreveport Casino & Hotel with $8.1 million.
Harrah’s New Orleans led the casino market performance in the New Orleans district, bringing in $19.6 million in gross gaming revenue. Boomtown Casino & Hotel generated $8.6 million, and Treasure Chest Casino ended the month with $6.3 million in revenues. Overall, the casino revenue in New Orleans declined by 12.2% compared to October 2022, reaching $39.9 million.
Meanwhile, the Baton Rouge district saw a 13.3% increase in gross gaming revenues, reaching $20.6 million. L’Auberge Casino Hotel led with $13.4 million in gaming revenues, while the Queen of Baton Rouge reported a 50.8% increase over October 2022, generating $6.4 million in gross gaming revenues. The Belle of Baton Rouge reached $0.8 million in revenue.
Despite the outstanding performance of some properties, the Louisiana gaming market experienced its ninth consecutive month of decline in overall revenues compared to the previous year.