Tuesday, November 4, 2014

Louisiana Commercial Gaming Revenues: Destination Casinos Lead the Pack

We break the 19 commercial Louisiana casinos and racinos into four regions: Shreveport/Bossier City, Lake Charles, New Orleans and Baton Rouge.  Overall, Louisiana commercial gaming revenues have declined slightly since 2013.


Louisiana Commercial Casino/Racino Revenues*
 May-Sep 2014
 May-Sep 2013
% Change
Shreveport/ Bossier City
$313,484,299
$311,683,341
0.58%
Lake Charles 
$316,045,688
$321,531,644
-1.71%
New Orleans
$262,600,976
$266,726,610
-1.55%
Baton Rouge
$117,269,307
$119,892,991
-2.19%
Total
$1,009,400,270
$1,019,834,586
-1.02%
*Source: Louisiana Gaming Control Board Revenue Reports

We don’t feel that this small drop is cause for concern, though. When we look at revenue for the top casinos in the state, revenues have actually risen in the top three. Because racetrack seasons can vary wildly each year, the decline at Delta Downs in the Lake Charles region is not alarming.


Revenues at Louisiana's Top 5 Commercial Casinos/Racinos*
 May-Sep 2014
 May-Sep 2013
% Change
1
L’Auberge/ Lake Charles
$154,842,866
$148,547,589
4.24%
2
Harrah’s/ New Orleans
$139,076,767
$134,017,029
3.78%
3
Horseshoe/ Bossier City
$89,983,319
$85,197,064
5.62%
4
Delta Downs/ Lake Charles
$69,718,689
$77,301,439
-9.81%
5
L’Auberge/ Baton Rouge
$61,854,926
$63,637,087
-2.80%
Top Five LA Casino Totals
$515,476,567
$508,700,208
1.33%

*Source: Louisiana Gaming Control Board Revenue Reports

We see an upward trend in Louisiana destination casinos like L’Auberge. These luxury destinations attract the young, the wealthy, and the tourists. When casino revenues across the country are sluggish, this rise in luxury destination casinos is worth following.

Please note: Revenues for the four Native American Casinos in Louisiana are not included in this writing. Stay tuned for more information on this topic!  

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