Louisiana Gaming Revenue Increased 1.0% in February
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The Louisiana Gaming Control Board has released the gaming revenue figures achieved across casinos in the state in February 2024 to report the overall revenue level of $194.6 million. Such a level reached across four major gaming districtsin Louisiana reportedly represents a 1.0% increase in comparison to the same month of 2023 to testify about the stability of gaming markets in the state. Likewise, the majority of gaming districts recorded year-on-year revenue increases in the subject time period except for Lake Charles and Evangeline Racetrack and Casino in St. Landry Parish reporting a decline of 4.5%, and, respectively, 1.1%, according to a source.
Lake Charles District Generated $69.8m Regardless of Decline:
Regardless of the comparison with February 2023, Lake Charles casinos made $69.8 million in gaming revenue to lead the Louisiana gaming industry in February. As reported, Golden Nugget Lake Charles property made the largest contribution to the monthly result with $24.8 million in gaming revenues, slightly above the L’Auberge Casino Resort Lake Charles that generated $24.6 million in revenue. Other casinos aggregated revenues of $20.4 million in the subject month to contribute 29% to the Lake Charles’ result.
Shreveport/Bossier District Casinos Shared the Cake:
As reported by the source, the casinos from the Shreveport/Bossier district generated $48.1 million in revenue to reflect the overall 1.1% market increase over the same month in 2023. Margaritaville Resort Casino set the trend with revenue of $16.7 million to be followed by Horseshoe Bossier City’s $10.5 million in revenue. Bally’s Shreveport Casino & Hotel made sure that the gaming cake is proportionally distributed across the district with $9.4 million in revenues.
New Orleans district almost mirrored the Bossier’s district’s gaming achievement in February with $47.7 million in revenues. Still, the source reports that New Orleans boosted its figures in February by 4.4% over the last year’s standing. In February 2024, Harrah’s New Orleans generated $23.8 million, or almost half of the revenues generated in the district to propel the growth. Boomtown Casino & Hotel and Treasure Chest Casino
Baton Rouge Saw the Highest Revenue Increase:
Although the Baton Rouge district reportedly posted the lowest revenue in the subject month with $22.8 million, the district recorded the highest year-over-year increase of 10.7% in February. The L’Auberge Casino Hotel’s revenue of $14.9 million accounted for around 65% of the total monthly revenue level in Baton Rouge to represent a key driver for the gaming revenue growth in the district in February.
Also, Evangeline Downs Racetrack & Casino in St. Landry Parish generated $6.1 million in revenue to reportedly bring the land-based gaming operations to the overall $194.6 million level in February. The online and retail sports betting facilities generated $30.4 million and, respectively, $0.8 million in revenue to boost the gaming revenue level reached in Louisiana in February 2024. As reported, such a level represents a 1.0% year-on-year increase to confirm the stable gaming trend in casinos across the state.
