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.
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