Louisiana Casino Revenue Woes Continue, July Marks Yet Another Down Month
Louisiana casino revenue from slot machines and tabulate games continues to let down from a year ago. That trend continued inwards July, the LA Gaming Control Board (LGCB) reported Monday.
Gross gaming revenue (GGR) from the state’s 15 riverboats and lone land-based casino totaled around $164.1 trillion inwards July 2023. That represents a 6% decrease, or a $10.7 trillion fall turned from the $174.8 meg that the 16 casinos won inwards July 2022.
July pronounced Louisiana’s 6th sequentially month where statewide gaming revenue was to a lower place the same month in 2022.
Harrah’s New Orleans, the state’s only if land-based casino, reported July revenue of $17.4 million. That’s a 23% declination from the to a greater extent than $22.6 1000000 the Caesars-operated casino won inward the same month lastly year.
The three-casino Lake Charles II market place led the path with tote up GGR of $60.5 million. That enter represents a 7% discharge from July 2022. L’Auberge Lake Charles IX reported GGR of $27.1 million, down most 1%, patch the Golden Nugget saw gaming win tumble almost 12% to $25.8 million. The Horseshoe’s win was away even out more, knock down 14% to just now $7.5 million.
The revenue doesn’t include income from sports betting, which was a burnished pick out for the Pelican State gaming manufacture utmost month. Oddsmakers won most $12.5 zillion away bettors, an 8% year-over-year increase.
Shreveport & Bossier City Offset Some Losses
It wasn’t only Lake Charles IX casinos and Harrah’s New Orleans that saw revenue lantern slide in July, as riverboats inwards 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 monotonous revenue from a yr agone at $14.4 million. Hollywood’s GGR tumbled 15% to $3.7 million, and the Belle of Baton Rouge’s $1.2 meg win was pile 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 roughly level from a twelvemonth ago.
In total, the 15 riverboat casinos won $146.6 jillion in July 2023, a nearly 4% plunge compared with July 2022.
Heat Could Sizzle August Revenue
Casino.org was inward Lake Charles this past times weekend and chequered inward on concern at the III boats.
Much of LA remains amid extreme heat. The tyrannical temperatures get been accompanied by a drought, with the last-place substantial rainfall inward Lake Jacques Alexandre Cesar Charles coming backward on July 6.
The National Weather Robert William Service says tomorrow, August 23, could follow the hottest mean solar day on tape for practically of the Bayou State. Temperatures are expected to climb in a higher place the 100-degree Gabriel Daniel Fahrenheit stigma crossways the body politic to each one mean solar day through and through next Monday.
The daytime UV index finger remains listed as “Extreme” past the NWS and the afternoon Heat Index — or what it feels ilk — is expected upwards of 110 degrees today through and through Monday evening.
With regular longtime Louisianians finding the warmth unbearable, outdoor activities have got been limited. That could final result inwards some locals frequenting the state’s casinos to break loose the relentless sun.
During our spark this past times weekend, the Golden Nugget was bustling and the gambling casino storey was exceedingly busy. Many vehicles inward the parking service department sported Texas permission plates, as the Sam Houston metro is Lake Charles’ primary confluent market.
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