A 34.5% Revenue Drop in February for New Orleans Casinos
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Louisiana's casino operators have seen a 34.5% revenue drop in February. The decline is due to a combination of factors. Tourism is stagnating and social distancing measures have reduced casino capacities by around 50%.
Louisiana's gambling laws are among the stricter in the US. Online gambling is a misdemeanor offense in Louisiana with a maximum fine of $500. New Orleans casinos saw a 34.5% revenue drop in February.
There was a 34.5% revenue drop in February for New Orleans Casinos due to Mardi Gras restrictions. The big freeze that swept across Louisiana at the same time made it difficult for riverboat casinos to open.
There was a 34.5% revenue drop in February for New Orleans Casinos. The statewide casino revenue was $151 million, compared to $212 million in the same month last year. Harrah's took the least amount, while Fair Grounds race track took less than $2 million.
Louisiana casinos generated $53.6 million in February. The revenue was down from $54.9 million last year. New Orleans Casinos saw a 34.5% drop in revenue.
Louisiana lawmakers stressed the need for the state to stay in step with neighbors with regard to sports betting. Many state parishes are expected to approve its legalization over the coming months. The question of a legislation for an online casino network in Louisiana would be the logical next step.
