Louisiana casino revenues hit $ 267 million in October after two months of decline
October was a rebounding month for Louisiana casinos and racinos as the state generated approximately $ 267 million in gaming revenue, an increase of over $ 50 million in September and August.
October’s exact figure, $ 266,995,788, was a 24.3% increase from the September total of $ 214.9 million.
October’s figures also rose 29.1% from October 2020 figures, according to the Louisiana Games Control Board.
Factors behind the increase in gambling in Louisiana
Hurricane Ida helped push the numbers down in August and September, as the storm shut down Isle Lake Charles Casino (it is still out of service) and halt activities for a few days at other facilities.
Until then, in the spring and summer, Louisiana was making about $ 300 million per month in combined revenue from racinos (horse racing tracks with slot machines), river casinos, a land-based casino, and terminal terminals. video games (VGT). The peak month in 2021 for Bayou State was April, with revenue of $ 320.5 million.
It also helped that October had 31 days; the 13 river casinos currently in operation were operating daily, as was the Harrah’s New Orleans land-based casino.
October Income Breakdown
There are no real money online casino options in Louisiana, leaving bettors to head to physical casinos, racetracks, or VGTs to get betting action.
Riverine casinos combined for $ 151.3 million in revenue last month, with Golden Nugget in Lake Charles leading the way at $ 28.8 million. Another Lake Charles casino, L’Auberge, was second with $ 26.8 million in revenue in October, followed by Margaritaville in Bossier City with $ 19 million.
Video game devices – more than 12,000 of them scattered across the state in bars, restaurants, hotels, truck stops and race track OTBs – have grossed nearly 72.3 million dollars. dollars. This is a 31% increase from September’s total of $ 55.2 million.
The state’s four racinos brought in $ 26.8 million for the month, a 10.9% increase from September’s $ 24.2 million. Delta Downs in Vinton made $ 12.8 million, almost half of that total.
Finally, Harrah’s New Orleans recorded the biggest jump in October, with the land-based casino more than doubling revenue from the previous month. Harrah’s earned $ 16.6 million, a jump of 108.6% from September’s $ 7.96 million.
Where is sports betting in Louisiana?
Louisiana began taking sports betting at a tribal casino, the Paragon Casino Resort in Marksville, in October. The establishment has an agreement with Betfred Sports to manage its sports betting.
Louisiana was the fourth state where Betfred Sportsbook opened in the US market. The Paragon bookmaker can be found at The Draft Room sports bar.
Bayou State has issued 20 temporary retail sports betting licenses statewide. Voters in 55 of the state’s 64 parishes have approved sports betting legalization in 2020. There are eight ongoing retail sports betting, many of which were launched in November.
In the meantime, mobile sports betting in the state is in the works, but it might not come to fruition until January.
In a virtual symposium this week, Louisiana Gaming Control Board Chairman Ronnie Johns was joined by his counterparts from Arizona and Maryland to discuss their stance on online sports betting. Johns spoke about the deliberate nature of the process in Louisiana. Hurricane Ida slowed down this process as police officers tasked with monitoring requests from sports betting operators were instead referred to emergency services in the aftermath of the storm.