Louisiana Casino Revenue Woes Continue, July Marks Yet Another Down Month
Louisiana cassino revenue from one-armed bandit machines and tabulate games continues to disappoint from a twelvemonth ago. That trend continued inwards July, the Pelican State Gaming Control Board (LGCB) reported Monday.
Gross gaming revenue (GGR) from the state’s 15 riverboats and lone land-based casino totaled approximately $164.1 trillion in July 2023. That represents a 6% decrease, or a $10.7 one thousand thousand devolve from the $174.8 zillion that the 16 casinos won inwards July 2022.
July pronounced Louisiana’s 6th sequent month, where statewide gaming revenue was at a lower place the same month inwards 2022.
Harrah’s New Orleans, the state’s only if land-based casino, reported July revenue of $17.4 million. That’s a 23% go down from the more than $22.6 meg the Caesars-operated casino won inward the same month cobbler's last year.
The three-casino Lake Prince Charles market led the way of life with a tot GGR of $60.5 million. That enter represents a 7% knock off from July 2022. L’Auberge Lake Charles II reported a GGR of $27.1 million, downwards nearly 1%, patch the Golden Nugget saw gaming win topple almost 12% to $25.8 million. The Horseshoe’s win was off yet more, downwardly 14% to just now $7.5 million.
The revenue doesn’t include income from sports betting, which was a promising distinguish for the Louisiana gaming manufacture last-place month. Oddsmakers won nearly $12.5 million turned bettors, an 8% year-over-year increase.
Shreveport & Bossier City Offset Some Losses
It wasn’t only if Lake Charles Stuart casinos and Harrah’s New siege of Orleans that saw revenue microscope slide inward July, as riverboats in Baton Rouge also experient declines. The Belle, Hollywood, and L’Auberge Baton Rouge casinos collectively won $19.3 million, a 3% year-on-year slowdown.
L’Auberge, which dominates the Baton Rouge market, reported plane revenue from a year ago at $14.4 million. Hollywood’s GGR tumbled 15% to $3.7 million, and the Belle of Baton Rouge’s $1.2 trillion win was shoot down over 3%.
July wasn’t all bad, however, as the sextet boats in the Shreveport/Bossier City market combined to win nearly $48 million, which was rough mat from a twelvemonth ago.
The 15 riverboat casinos won $146.6 one thousand thousand in July 2023, a nearly 4% angle of dip compared with July 2022.
Heat Could Sizzle August Revenue
Casino.org was inward Lake Charles this yesteryear weekend and chequered in on business organization at the triad boats.
Much of Pelican State remains amid utmost(a) heat. The oppressive temperatures get been attended by a drought, with the in conclusion important rainfall inward Lake Prince Charles coming backwards on July 6.
The National Weather Service says tomorrow, August 23, could be the hottest daylight on track record for much of the Bayou State. Temperatures are expected to mounting to a higher place the 100-degree Fahrenheit print crossways the nation day-to-day through next Monday.
The daytime UV indicant remains listed as “Extreme” by the NWS, and the afternoon Heat Index — or what it feels the likes of — is expected upwards of 110 degrees today through and through Monday evening.
With fifty-fifty longtime Louisianians finding the passion unbearable, outdoor activities hold been limited. That could result in some locals frequenting the state’s casinos to get away the relentless sun.
During our activate this yesteryear weekend, the Golden Nugget was bustling, and the cassino flooring was passing busy. Many vehicles inwards the parking service department sported TX permission plates, as the Samuel Houston metro is Lake Charles’ primary quill feeder market.
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