Louisiana Casino Revenue Falls Year-on-Year Despite Strong Land-Based Casino Performance
Harrah’s New Orleans defies the trend with a revenue increase in July 2024, bucking the statewide decline. (Jon Arnold Images Ltd / Alamy)
The Louisiana Gaming Control Board has released the casino revenues figures for July 2024, revealing that the state collected $155,782,981 across riverboat and land-based casinos. Total revenues declined by 5.1 percent compared to July 2023, when total revenues for Louisiana casinos were $164,107,273.
Most Riverboat Casino Revenues Drop
Riverboat casino revenues dropped by 6.19 percent year-on-year, recorded at $138,079,530 in July 2024. Unsurprisingly, most casinos saw revenues fall compared to July 2023, although there are a few exceptions to the rule.
The biggest change in revenues came from Belle of Baton Rouge, which collected only $482,370 in July 2024 compared to $1,203,264 in July 2023, marking a drop of almost 60 percent.
The casino that experienced the largest revenue decline during July was L’Auberge Lake Charles, which brought in $23,235,797, accounting for 16.8 percent of LA casino revenues in July 2024. However, this was a 14.3 percent drop year-on-year and posted nearly $4 million less, accounting for more than 45 percent of the state’s drop in revenues.
Casino | July 2023 | July 2024 | Change |
|---|---|---|---|
Boomtown Bossier | $4,155,013 | $3,707,231 | -10.8% |
Bally’s Shreveport | $8,250,648 | $8,258,799 | +0.1% |
Horseshoe Bossier City | $15,405,037 | $8,618,671 | -44.1% |
DiamondJacks | $0 | $0 | N/A |
Sam’s Town | $3,827,031 | $3,536,809 | -7.6% |
Margaritaville | $16,339,360 | $4,315,615 | -12.4% |
Horseshoe Lake Charles | $7,524,492 | $7,753,321 | +3.0% |
L’Auberge Lake Charles | $27,101,615 | $23,235,797 | -14.3% |
Golden Nugget Lake Charles | $25,888,740 | $25,235,522 | -2.5% |
Amelia Belle | $2,755,422 | $2,584,348 | -6.2% |
Boomtown New Orleans | $8,933,598 | $8,470,487 | -5.2% |
Treasure Chest | $7,075,069 | $12,485,215 | +76.5% |
Belle of Baton Rouge | $1,203,264 | $482,370 | -59.9% |
The Queen of Baton Rouge | $3,735,163 | $7,013,912 | +87.8% |
L’Auberge Baton Rouge | $14,437,174 | $12,381,431 | -14.2% |
While many Louisiana casinos saw revenues decrease, a handful of casinos in the state posted significant year-on-year growth. Only four casinos posted better numbers in July 2024 than in July 2023, with Bally’s Shreveport seeing the smallest increase of a nominal 0.1 percent. Horseshoe Lake Charles saw gains of 3 percent year-on-year.
Treasure Chest posted revenue increases of more than 76 percent, bringing in more than $5 million extra year-on-year. Meanwhile, The Queen of Baton Rouge posted a nearly 88 percent revenue increase.
Harrah’s New Orleans Bucks the Trend
There is only one land-based casino in Louisiana: Harrah’s New Orleans. While most riverboat casinos in LA posted fewer revenues in July 2024 compared to July 2023, the Pelican State’s only land-based casino outperformed its 2023 revenue total.
Harrah’s collected $17,475,647 in July 2023 compared to $17,703,451 in 2024, a 1.3 percent increase. That’s despite a drop in admissions year-on-year from 209,048 to 185,038.
Meet The Author
Experience
Brand ManagerColm Phelan has spent several years working in the iGaming industry and has plenty of experience when it comes to writing, researching and rigorously testing online casinos and sportsbooks. While Colm has invested a lot of his time into the digital marketing world but his other passions include poker and a variety of sports including golf, NFL and football.
Read Full BioRelated News
Test Your Luck
Not Your Spam Filter
Sign up to receive emails and promotions from Casinos.com
