{"id":314714,"date":"2024-03-20T10:49:13","date_gmt":"2024-03-20T15:49:13","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=314714"},"modified":"2024-03-20T11:50:18","modified_gmt":"2024-03-20T16:50:18","slug":"louisiana-gaming-revenue-rebounds-in-february-win","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/louisiana-gaming-revenue-rebounds-in-february-win\/","title":{"rendered":"Louisiana Gaming Revenue Rebounds, February Win Climbs to $194.5M"},"content":{"rendered":"

The Louisiana gaming industry remains rattled, but February showed signs that the downward run might be nearing its end. <\/span><\/p>\n

\"Louisiana
Harrah’s New Orleans helped propel Louisiana’s gaming industry in February 2024. State casinos and racetrack slots won $194.5 million. (Image: New Orleans Advocate<\/em>)<\/figcaption><\/figure>\n

The Louisiana Gaming Control Board this week reported that February gross gaming revenue (GGR) from in-person slot machines and table games at the state’s riverboats, land-based casinos<\/a>, and racetracks totaled more than $194.5 million. Compared with February 2023, last month’s win represented a 1% improvement.<\/span><\/p>\n

\n

One percent might not seem like much. But for a market that’s seen gaming revenues decline<\/a> year over year in 10 of the previous 12 months, it’s a major victory. <\/span><\/p>\n<\/div>\n

The state’s 12 riverboats and three brick-and-mortar casinos won $166.8 million off gamblers, a 0.9% premium from a year ago. The state’s four racetracks that offer slots saw win climb 1.5% to $27.7 million. <\/span><\/p>\n

Winners and Losers<\/b><\/span>\u00a0<\/b><\/span><\/h2>\n

Harrah’s New Orleans, one of only three brick-and-mortar casinos in Louisiana, was among the biggest winners last month in terms of year-over-year increases. The downtown Big Easy casino saw its GGR rally more than 10% to $23.8 million, a gain of nearly $2.2 million. <\/span><\/p>\n

The three casinos in Baton Rouge — the Belle, Queen, and L’Auberge — combined to win $22.8 million, a 10.7% surge from February 2023.<\/strong> <\/span><\/p>\n

The Shreveport\/Bossier market<\/a> posted a slight 0.3% year-over-year revenue increase to $44.2 million. Margaritaville remained the top operator at $16.7 million. <\/span><\/p>\n

The three New Orleans riverboats — Amelia Belle, Boomtown, and Treasure Chest — won 0.5% more money from players to escalate their win to $20.3 million.<\/span><\/p>\n

\n

Lake Charles remained the richest market. But its two riverboats, Golden Nugget and L’Auberge, and the city’s land-based Horseshoe, saw win slide 6% to $55.7 million. Gaming revenue in the border city was almost $3.7 million below February 2023. <\/span><\/p>\n<\/div>\n

At the tracks, Delta Downs grew slot hold almost 3% to $14.1 million. Louisiana Downs’ $4 million win was 10% higher. Evangeline Downs and the Fairgrounds experienced year-over-losses as they, respectively, won $6.1 million, down 1.1%, and $3.5 million, down 7%.<\/span><\/p>\n

Riverboats’ Murky Future<\/b><\/span><\/h2>\n

Louisiana’s legacy gaming industry<\/a>, or retail slots and table games, was one of only eight states that experienced a year-over-year commercial gaming revenue decline in 2023. While traditional gaming set revenue records in 15 states, Louisiana, Indiana, Maryland, Mississippi, Michigan, Iowa, West Virginia, and Florida saw in-person play dwindle. <\/span><\/p>\n

Though the Bayou State’s 2023 retail gaming revenue losses of approximately 2% were covered by online sports betting<\/a>, the state’s longtime riverboats are treading water in unsettled market currents. <\/span><\/p>\n

\n

Louisiana’s casinos in Lake Charles and Shreveport\/Bossier remain focused on efforts in Texas to legalize commercial casino resorts. The push is being led by billionaire Mark Cuban, the Shark Tank <\/em>star who last year sold a controlling stake in his longtime NBA Dallas Mavericks to casino tycoon Dr. Miriam Adelson. <\/span><\/p>\n<\/div>\n

Cuban and Adelson are said to be working on a mixed-use development in Dallas that would include a new arena for the NBA team, accompanied by an integrated resort casino. For that to happen, Texas lawmakers would need to legalize Las Vegas-style gambling, something the GOP-controlled legislature has refused for decades.<\/span><\/p>\n

Adelson’s Las Vegas Sands has spent millions of dollars lobbying Texas lawmakers. Casinos in the Lone Star State would likely devastate casinos in Lake Charles and Shreveport\/Bossier, as the parking lots at those properties are constantly filled with vehicles sporting Texas license plates. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Louisiana’s gaming industry saw revenue improve in February.<\/p>\n","protected":false},"author":25,"featured_media":314718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,86436],"tags":[82872,83267,84148,82124,82704,83449,82070,82461,86292,82459],"acf":[],"yoast_head":"\nLouisiana Gaming Revenue Rebounds in February, Win to $194.5M<\/title>\n<meta name=\"description\" content=\"The Louisiana gaming industry remains rattled, but February showed signs that the downward run might be nearing its end.\" \/>\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-gaming-revenue-rebounds-in-february-win\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Louisiana Gaming Revenue Rebounds in February, Win to $194.5M\" \/>\n<meta property=\"og:description\" content=\"The Louisiana gaming industry remains rattled, but February showed signs that the downward run might be nearing its end.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/louisiana-gaming-revenue-rebounds-in-february-win\/\" \/>\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=\"2024-03-20T15:49:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-20T16:50:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/03\/5fd00fbcb84b1.image_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\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-gaming-revenue-rebounds-in-february-win\/\",\"url\":\"https:\/\/www.casino.org\/news\/louisiana-gaming-revenue-rebounds-in-february-win\/\",\"name\":\"Louisiana Gaming Revenue Rebounds in February, Win to $194.5M\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-gaming-revenue-rebounds-in-february-win\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-gaming-revenue-rebounds-in-february-win\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/03\/5fd00fbcb84b1.image_.jpg\",\"datePublished\":\"2024-03-20T15:49:13+00:00\",\"dateModified\":\"2024-03-20T16:50:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"The Louisiana gaming industry remains rattled, but February showed signs that the downward run might be nearing its end.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-gaming-revenue-rebounds-in-february-win\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/louisiana-gaming-revenue-rebounds-in-february-win\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/louisiana-gaming-revenue-rebounds-in-february-win\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/03\/5fd00fbcb84b1.image_.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/03\/5fd00fbcb84b1.image_.jpg\",\"width\":1200,\"height\":799,\"caption\":\"Harrah's New Orleans helped propel Louisiana's gaming industry in February 2024. 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