Louisiana Gaming Control Board launched on 16 November 2023 the gross gaming income figures achieved by the state playing business in October. According to the Board, the revenues from the general playing operations reached the extent of $174.5 million to testify a couple of 2.5% decline when in comparison with the identical month in 2022. The October’s gaming income whole reportedly represents the ninth straight month of the year-on-year decline of gaming revenues in Louisiana.
Lower Revenue Figures:
According to the supply, the Louisiana retail sports activities betting operators collectively dealt with round $32 million to file the $3.3 million income in October. Evangeline Downs Racetrack & Casino in St. Landry Parish reportedly generated $5.9 million, which is a 2.5% year-over-year decline. In the identical month, the efficiency of land-based on line casino properties confirmed completely different traits when in comparison with October 2022 however a major variety of these amenities reported decrease figures to align with the general market efficiency.
Lake Charles Performance:
In October 2023, the efficiency of Louisiana properties was primarily pushed by The Lake Charles district which recorded the gaming income of $63.4 million. The determine, although, represents a year-over-year decline of 4.2%. The contribution of the district was concurrently led by the Golden Nugget Lake Charles which recorded the very best income stage of all of the Lake Charles properties with $23.6 million in gaming income. L’Auberge Casino Resort Lake Charles adopted with $22.2 million, whereas Delta Downs Racetrack Casino Hotel generated $10.9 million in revenues. Horseshoe Lake Charles posted $6.7 million to current the bottom determine within the Lake Charles district.
At the identical time, on line casino properties within the Shreveport/Bossier district collectively reported $44.8 million of gross gaming revenues generated in October to testify a couple of 3.6% improve on the year-over-year foundation. As a sequence of the entire, the Margaritaville Resort Casino generated $14.4 million in revenues with the Horseshoe Bossier City following with $13.3 million and Bally’s Shreveport Casino & Hotel posting $8.1 million in revenues.
New Orleans October Result:
In New Orleans district, Harrah’s New Orleans recorded $19.6 million of gross gaming income to steer the on line casino market efficiency within the district. As reported, Boomtown Casino & Hotel generated $8.6 million in revenues, with Treasure Chest Casino ending the month with $6.3 million in revenues. Overall, the on line casino income declined 12.2% compared to October 2022 to settle on the $39.9 million stage.
Baton Rouge Figures:
Baton Rouge district reportedly generated $20.6 million in gross gaming revenues through the month to face for a 13.3% improve compared to the identical month of 2022. L’Auberge Casino Hotel reportedly generated $13.4 million in gaming revenues, with the Queen of Baton Rouge reporting a rise of as a lot as 50.8% over October 2022 producing $6.4 million in gross gaming revenues. The Belle of Baton Rouge reached the $0.8 million income stage.
Regardless of the excellent efficiency of a few of the above properties, Louisiana gaming market marked October 2023 because the ninth consecutive month of decline in general revenues when in comparison with the identical month in 2022.