Let's Dive into Louisiana's Gaming Scene!
Revenue from gaming in Louisiana witnesses a modest growth in February
Check out the latest facts from the Louisiana Gaming Control Board on the gaming revenue for February 2024! The state collected a total of $198.2 million from all gaming sources, marking a 2% increase year-over-year.
The New Orleans gaming district stole the show, thanks to an outstanding 81.6% revenue surge at Treasure Chest Casino in Kenner, Louisiana. This district witnessed a substantial 24% increase in revenue overall. However, if we exclude Treasure Chest and Caesars New Orleans, the land-based casino revenue actually dropped by 5% compared to the previous year.
Online sports betting shook things up significantly! The revenue surged to a whopping $51.3 million, a 69% increase compared to February 2024. The betting handle also soared by 41% to reach $356 million.
Diving into property-specific revenues, Lake Charles district generated $69.6 million, barely holding steady with a 0.3% year-over-year decrease. Golden Nugget Lake Charles raked in $24.8 million, only a minor 0.1% increase, while L'Auberge Casino Resort posted a slight 0.7% revenue boost with $24.7 million. At the same time, Delta Downs Racetrack Casino Hotel experienced a slump of 7.3% and bagged $13.6 million.
Switching gears to New Orleans properties, they raked in a collective $59.1 million in revenue for the quarter. Caesars New Orleans reported a significant 28.8% year-over-year rise with $30.7 million. Treasure Chest contributed $12.5 million, and Boomtown Casino & Hotel reached an impressive 6.8% boost, earning $10 million.
The Shreveport/Bossier City properties reported notable revenue decline by 14.8% compared to February 2024, raking in $41 million. Margaritaville Resort Casino saw a drop of 11.9%, while Horseshoe Bossier City suffered a 18.5% decrease. Bally's Shreveport Casino & Hotel experienced a more modest 12.1% setback.
Moving to the Baton Rouge district, the revenue slipped by 0.8% year-over-year to $22.6 million. L'Auberge Casino Hotel led the district with a substantial 7.6% decline, while the Queen of Baton Rouge marked a robust 14.8% increase. The Belle of Baton Rouge suffered a sizable 19.5% dip in revenue.
Lastly, Evangeline Downs Racetrack & Casino in St. Landry Parish reported a 4.2% decrease in revenue, ending up with $5.9 million.
While these numbers offer a broad overview, specific district-level breakdowns of casino revenues (slot machines, table games) for Louisiana in February 2024 are not contained within the given search results. For detailed insights, one may consider checking official reports from the Louisiana Gaming Control Board or quarterly filings from operators. Furthermore, data on first-quarter 2025 insights, including Louisiana's March 2025 sports betting figures, could be found separately.
In 2024, the Kraken Casino in Shreveport is expected to boost its revenue following the successful performances of other Louisiana casinos. With the surge in online sports betting revenues recorded in the state, Kenner's Treasure Chest Casino could potentially witness a similar boost in 2024. By 2024, it is possible that the growing trend in casino-and-gambling could lead to a revitalization of the casino industry in Kenner, similar to the rise seen at the Treasure Chest Casino.
