{"id":9236,"date":"2024-10-10T16:06:03","date_gmt":"2024-10-10T16:06:03","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=america&p=9236"},"modified":"2024-10-10T16:06:03","modified_gmt":"2024-10-10T16:06:03","slug":"following-a-slow-july-louisiana-land-based-riverboat-and-race-track-casinos-finished-august-on-fire","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/following-a-slow-july-louisiana-land-based-riverboat-and-race-track-casinos-finished-august-on-fire\/","title":{"rendered":"Following a slow July, Louisiana land-based, riverboat and race-track casinos finished August on fire."},"content":{"rendered":"\n

Following a slow July, Louisiana land-based, riverboat and race-track casinos finished August on fire. Revenue rose 7.7% from $178.9 million in July to $192.7 million this past month, according to the latest revenue figures from the Louisiana Control Board.<\/p>\n\n\n\n

Five of the state\u2019s 14 riverboat casinos saw double-digit growth.<\/p>\n\n\n\n

Online casinos are illegal in Louisiana, so they aren\u2019t included in the state\u2019s monthly revenue reports.<\/p>\n\n\n\n

\"Mundo<\/a><\/figure>\n\n\n\n

Key takeaways<\/strong><\/p>\n\n\n\n

– Online casinos are a gold mine for revenue but have yet to be legalized.<\/p>\n\n\n\n

– Louisiana casino revenue jumped 7.7% in August.<\/p>\n\n\n\n

– Riverboat casinos led the way with an 8.2% spike in win.<\/p>\n\n\n\n

Louisiana could be a top five online casino market<\/strong><\/p>\n\n\n\n

Louisiana continues to support a robust casino market, with revenue on track to pass $200 million by the end of the year. While that number is sizeable, it could be much bigger if online casinos were legal.<\/p>\n\n\n\n

Based on PlayUSA\u2019s projections, the state could\u2019ve brought in over $75 million in iGaming revenue<\/strong> in July (the last month that all seven iGaming states reported revenue):<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n
\"\"\/<\/figure>\n\n\n\n

Yet while Louisiana casino operators are missing out on tens of millions in iGaming revenue, that may not be the case for much longer. Next month, the Louisiana Senate Committee will launch a study of online casinos.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

They\u2019ll analyze the pros, cons and best practices needed for Louisiana online casinos. Their findings are due in March.<\/p>\n\n\n\n

If the study\u2019s findings are positive, we could have legislators file and approve an iGaming bill next year. Gaming operators will certainly want to chime in during the process.<\/p>\n\n\n\n

Operators such as FanDuel, DraftKings, and Fanatics already have online sportsbooks in Louisiana. They will likely support iGaming, as each brand runs online casinos in other states.<\/p>\n\n\n\n

Horseshoe Bossier City leads riverboat casinos with 81.5% growth<\/strong><\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

In August, 14 of Louisiana\u2019s 19 gaming properties posted positive revenue growth. Riverboat casinos led the way with a combined 8.2% increase over July.<\/p>\n\n\n\n

Horseshoe Bossier City was the star of the riverboat group, enjoying an 81.5% increase in August. Belle of Baton Rouge, L\u2019Auberge Lake Charles, Golden Nugget Lake Charles, and Amelia Belle Casino rounded out the group of riverboat casinos with double-digit growth.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Louisiana\u2019s racinos surge in August with across-the-board increases<\/strong><\/p>\n\n\n\n

The state\u2019s four racinos (horse tracks with slot machines) all had increases in revenue in August, combining for a 5.8% increase over July. Delta Downs led the way<\/strong> with a 9.5% increase, good for around $1.2 million more in win this past month.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Harrah\u2019s New Orleans up more than $1 million for the month<\/strong><\/p>\n\n\n\n

Rounding out the state\u2019s excellent August was Harrah\u2019s New Orleans, the sole land-based casino in Louisiana.<\/p>\n\n\n\n

The property posted $18.9 million<\/strong> in August revenue<\/strong>, up from $17.7 million in July. The rise in revenue was good enough for a 6.7% monthly and 5.2% year-on-year increase.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following a slow July, Louisiana land-based, riverboat and race-track casinos finished August on fire. Revenue rose 7.7% from $178.9 million in July to $192.7 million this past month, according to the latest revenue figures from the Louisiana Control Board. Five of the state\u2019s 14 riverboat casinos saw double-digit growth. Online casinos are illegal in Louisiana, […]<\/p>\n","protected":false},"author":1,"featured_media":9237,"menu_order":191,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"class_list":{"0":"post-9236","1":"america","2":"type-america","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"entry"},"yoast_head":"\nFollowing a slow July, Louisiana land-based, riverboat and race-track casinos finished August on fire. - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/america\/following-a-slow-july-louisiana-land-based-riverboat-and-race-track-casinos-finished-august-on-fire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Following a slow July, Louisiana land-based, riverboat and race-track casinos finished August on fire. - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Following a slow July, Louisiana land-based, riverboat and race-track casinos finished August on fire. 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