{"id":304431,"date":"2023-12-22T07:04:25","date_gmt":"2023-12-22T13:04:25","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=304431"},"modified":"2023-12-26T11:38:55","modified_gmt":"2023-12-26T17:38:55","slug":"louisiana-casinos-end-revenue-slide-win-185m-november","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/louisiana-casinos-end-revenue-slide-win-185m-november\/","title":{"rendered":"Louisiana Casinos End Nine-Month Revenue Slide, Win $185M in November"},"content":{"rendered":"

Louisiana casinos were extra thankful in November, as the state gaming industry ended a nine-month string<\/a> of gross gaming revenue (GGR) declines.<\/p>\n

\"Louisiana
The Golden Nugget Lake Charles Hotel & Casino helped propel Louisiana casino win in November 2023, ending a nine-month string of gaming revenue declines compared to 2022. (Image: Landry’s)<\/figcaption><\/figure>\n

Statewide GGR in November totaled approximately $185.1 million. The gaming money comes from the state’s 13 riverboat casinos, two land-based casinos, and four racetracks that offer slot machines.<\/p>\n

November represented a 1.6% year-over-year increase and stopped the revenue bleeding compared with months from 2022.<\/p>\n

The three-casino Lake Charles market, inclusive of the Golden Nugget, L’Auberge, and Horseshoe, led the way with GGR of nearly $56.7 million. The market that targets Houston saw gaming revenue climb more than 8%.<\/strong><\/p>\n

The five casinos in Shreveport\/Bossier City — Boomtown, Bally’s, Horseshoe, Sam’s Town, and Margaritaville — won $44.5 million. That was a nearly 6% improvement.<\/p>\n

\n

New Orleans’ three riverboats, the Amelia Belle, Boomtown, and Treasure Chest, saw gaming win climb almost 8% to $18.7 million. Harrah’s New Orleans, one of two brick-and-mortar casinos in the state, won about $20.8 million. But that represented an 11% decline from November 2022, when the Caesars Entertainment property won $23.3 million.<\/p>\n<\/div>\n

In Baton Rouge, the Belle and L’Auberge, along with the newly opened Queen<\/a>, a land-based property, won $20.6 million. That was flat from a year ago.<\/p>\n

The four racinos, Delta Downs, Louisiana Downs, Evangeline Downs, and Fair Grounds, expanded their win by 1.5% to $23.8 million.<\/p>\n

Sportsbooks Set Handle Record<\/b><\/h2>\n

Sports bettors were active last month in the Bayou State. Oddsmakers took nearly $356.5 million in bets, a record amount that easily eclipsed the previous all-time mark of $308.6 million set just in October<\/a>.<\/p>\n

Bettors fared well, as the LSU Tigers went 3-1 during the month and covered the spread in each game other than the team’s blowout loss to Alabama on November 4. Of the $356.5 million bet, oddsmakers kept just $19.4 million on a poor win rate of less than 6%.<\/strong><\/p>\n

The bulk of the record wagering, $322.9 million, was facilitated online. Parlay bets accounted for most of the net proceeds at about $13.7 million.<\/p>\n

Third Brick-and-Mortar Casino Underway<\/b><\/h2>\n

In 2018, Louisiana lawmakers passed legislation to allow the state’s licensed riverboats to move inland, so long as their brick-and-mortar gaming remains within 1,200 feet (about a quarter of a mile) from the boats’ original barges.<\/p>\n

\n

The Cordish Companies, a gaming and hospitality developer that operates Live!-branded casinos in Maryland and Pennsylvania, and entertainment districts across the country, earlier this month broke ground on its redevelopment of the former Diamond Jacks<\/a> in Bossier City. The company has already dismantled the former riverboat in favor of building a new land-based casino adjacent to the hotel.<\/p>\n<\/div>\n

Cordish is investing $270 million<\/a> to construct a 47,000-square-foot casino with 1,000 slots and 40 table games. The budget includes the renovation of the 550-room hotel, pool, and fitness center.<\/p>\n

Louisiana Gaming Control Board Chair Ronnie Johns said during the groundbreaking event that he believes Cordish’s Live! Casino & Hotel Louisiana will help revitalize the entire Shreveport\/Bossier City casino market.<\/p>\n","protected":false},"excerpt":{"rendered":"

Louisiana casinos ended a nine-month revenue slide in November.<\/p>\n","protected":false},"author":25,"featured_media":304438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,86436],"tags":[83267,84148,82124,85044,83449,82070,82461,82516,86292],"acf":[],"yoast_head":"\nLouisiana Casinos End Nine-Month Slide, Win $185Min November<\/title>\n<meta name=\"description\" content=\"Louisiana casinos were extra thankful in November, as the state gaming industry ended a nine-month string of gross gaming revenue declines.\" \/>\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-end-revenue-slide-win-185m-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Louisiana Casinos End Nine-Month Slide, Win $185Min November\" \/>\n<meta property=\"og:description\" content=\"Louisiana casinos were extra thankful in November, as the state gaming industry ended a nine-month string of gross gaming revenue declines.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/louisiana-casinos-end-revenue-slide-win-185m-november\/\" \/>\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=\"2023-12-22T13:04:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-26T17:38:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/12\/new-exterior-with-rush-tower-large.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-end-revenue-slide-win-185m-november\/\",\"url\":\"https:\/\/www.casino.org\/news\/louisiana-casinos-end-revenue-slide-win-185m-november\/\",\"name\":\"Louisiana Casinos End Nine-Month Slide, Win $185Min November\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-casinos-end-revenue-slide-win-185m-november\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-casinos-end-revenue-slide-win-185m-november\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/12\/new-exterior-with-rush-tower-large.jpg\",\"datePublished\":\"2023-12-22T13:04:25+00:00\",\"dateModified\":\"2023-12-26T17:38:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Louisiana casinos were extra thankful in November, as the state gaming industry ended a nine-month string of gross gaming revenue declines.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-casinos-end-revenue-slide-win-185m-november\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/louisiana-casinos-end-revenue-slide-win-185m-november\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-casinos-end-revenue-slide-win-185m-november\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/12\/new-exterior-with-rush-tower-large.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/12\/new-exterior-with-rush-tower-large.jpg\",\"width\":1200,\"height\":800,\"caption\":\"The Golden Nugget Lake Charles Hotel & Casino helped propel Louisiana casino win in November 2023. 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