{"id":299405,"date":"2023-11-17T14:11:44","date_gmt":"2023-11-17T20:11:44","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=299405"},"modified":"2023-11-17T16:42:20","modified_gmt":"2023-11-17T22:42:20","slug":"louisiana-casinos-continue-struggles-gaming-revenue-down","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/louisiana-casinos-continue-struggles-gaming-revenue-down\/","title":{"rendered":"Louisiana Casinos Continue Struggles, Revenue Down for Ninth Consecutive Month"},"content":{"rendered":"

Louisiana casinos continued their losing streak in October.<\/p>\n

\"Louisiana
The Golden Nugget and L’Auberge Lake Charles casinos. Louisiana casinos are on a nine-month losing streak in year-over-year gross gaming revenue. (Image: Getty)<\/figcaption><\/figure>\n

This week, the Louisiana Gaming Control Board reported that gross gaming revenue (GGR) from the state’s 13 riverboats and two brick-and-mortar casinos totaled approximately $174.5 million. The revenue includes gaming wins from slot machines, table games, and sports betting.<\/p>\n

October’s win represented a 2.5% year-over-year decline from October 2022. It marked the ninth consecutive month<\/a> where gaming revenue declined from the same month in the previous year.<\/strong><\/p>\n

The Lake Charles market and its three riverboat casinos, Golden Nugget, L’Auberge, and Horseshoe<\/a>, led the way in October with a GGR of roughly $63.4 million. That represented a decline of 4.2% from October 2022.<\/p>\n

The boats in the Shreveport\/Bossier<\/a> market — Boomtown, Bally’s, Horseshoe, Sam’s Town, and Margaritaville — combined to win $44.8 million. Shreveport\/Bossier was one of the bright spots last month, as that win represented a year-over-year GGR increase of 3.6%.<\/p>\n

Market Report<\/b><\/h2>\n

The New Orleans market, consisting of Harrah’s New Orleans, one of the state’s brick-and-mortar casinos, and Boomtown and Treasure Chest, won $39.9 million. That’s a 12.2% year-over-year drop. Harrah’s accounted for most of the market wins at $19.6 million, representing a 5.1% decline from October 2022.<\/p>\n

\n

Baton Rouge gaming win totaled $20.6 million, a 13% surge. The recent opening of the reimagined Queen of Baton Rouge, which is now a land-based casino following an $85 million investment<\/a>, fueled the market growth. The Queen’s revenue spiked 51% to about $6.4 million. The L’Auberge accounted for most of the remaining Baton Rouge GGR at $13.4 million, as the Belle won only about $800K.<\/p>\n<\/div>\n

Slots at the state’s four racetracks, Delta Downs, Louisiana Downs, Evangeline Downs, and the Fair Grounds, combined to win roughly $22.3 million. That’s a 13% loss from October 2022, when the tracks generated nearly $25.7 million in slot win.<\/p>\n

Oddsmakers<\/a> kept about $3.25 million of the $32.8 million in retail bets they took, a 28% year-over-year drop. Online sportsbooks fared better, keeping $39.2 million of the $276.2 million in bets wagered. That represented a 14% increase in mobile sports betting from October 2022.<\/p>\n

Possible Reason for Ongoing Declines<\/b><\/h2>\n

Gaming is flourishing across most of the US. The American Gaming Association reported this week that commercial gaming revenue in the third quarter topped $16.1 billion<\/a>. The industry is on pace to report its third consecutive year of record gaming revenue.<\/p>\n

\n

So, why is Louisiana’s gaming industry struggling? Matt Roob, senior vice president of analysis for Spectrum Gaming Group, a Pennsylvania-based gaming consultancy, believes video poker, which isn’t counted in the LGCB monthly gaming tally, continues to find favor with gamblers.<\/p>\n<\/div>\n

Video poker machines operate inside bars, restaurants, hotels, off-track betting parlors, and truck stops. There are 1,390 video gaming locations across the state, with 11,834 terminals as of October.<\/p>\n

Video poker revenue has increased from $623.8 million in 2019 to $839.2 million in 2021.\u00a0 \u00a0<\/span><\/p>\n

“People may be shifting their play and staying closer to home,”<\/strong> Roob told The Advocate <\/i>in May 2022.<\/p>\n

The machines, however, also experienced a bit of a rollback in 2022, as the gaming win fell to about $810 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Louisiana casinos are on a nine-month losing streak.<\/p>\n","protected":false},"author":25,"featured_media":299425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,86429],"tags":[83267,82124,83449,82070,82461,88821,86292,82282],"acf":[],"yoast_head":"\nLouisiana Casinos Continue Struggles, Gaming Revenue Down<\/title>\n<meta name=\"description\" content=\"The Louisiana Gaming Control Board reports that gross gaming revenue from the state's 15 casinos totaled approximately $174.5 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/louisiana-casinos-continue-struggles-gaming-revenue-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Louisiana Casinos Continue Struggles, Gaming Revenue Down\" \/>\n<meta property=\"og:description\" content=\"The Louisiana Gaming Control Board reports that gross gaming revenue from the state's 15 casinos totaled approximately $174.5 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/louisiana-casinos-continue-struggles-gaming-revenue-down\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-17T20:11:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-17T22:42:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/11\/lauberge-and-golden-nugget-promenade.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-casinos-continue-struggles-gaming-revenue-down\/\",\"url\":\"https:\/\/www.casino.org\/news\/louisiana-casinos-continue-struggles-gaming-revenue-down\/\",\"name\":\"Louisiana Casinos Continue Struggles, Gaming Revenue Down\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-casinos-continue-struggles-gaming-revenue-down\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-casinos-continue-struggles-gaming-revenue-down\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/11\/lauberge-and-golden-nugget-promenade.jpg\",\"datePublished\":\"2023-11-17T20:11:44+00:00\",\"dateModified\":\"2023-11-17T22:42:20+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"The Louisiana Gaming Control Board reports that gross gaming revenue from the state's 15 casinos totaled approximately $174.5 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-casinos-continue-struggles-gaming-revenue-down\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/louisiana-casinos-continue-struggles-gaming-revenue-down\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-casinos-continue-struggles-gaming-revenue-down\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/11\/lauberge-and-golden-nugget-promenade.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/11\/lauberge-and-golden-nugget-promenade.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Golden Nugget and L'Auberge Lake Charles casinos. 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