Louisiana gaming had mixed revenue results in January
By Nolan McKendry | The Center Square
Louisiana’s gaming industry posted varied performance in January, according to Donna Jackson of the Louisiana State Police Gaming Audit Section.
The state’s 14 operating riverboat casinos generated $138.6 million in adjusted gross receipts, down $13 million (8.6%) from December but up $17 million (14%) from January 2024, aided by an extra Friday this year.
Fiscal 2024-25 receipts to date total $991.3 million, a 1.7% increase from last year, with $213 million in fees collected.
Caesars New Orleans reported $18.2 million in gross gaming revenue, a sharp $7 million (28%) drop from December and a 2.7% decline from January 2024.
Fiscal year-to-date receipts stand at $145 million, up 4%, with $38.3 million in fees collected, including $5.5 million in January minimum payments.
Slots at the four racetrack facilities earned $23.4 million, down $3 million (11.4%) from December but up 2.8% year-over-year. Fiscal year receipts hit $176 million, a 1% rise, with $26.7 million in fees, including $3.5 million for January.
Video gaming devices at 1,394 locations with 12,005 active units brought in $57.7 million, a $6 million (9.4%) decrease from December yet a 0.5% increase from last January.
Fiscal year net revenue is $427 million, up 0.7%, with $129.5 million in franchise fees, including $17.5 million for January.
Sports betting saw retail sportsbooks handle $27.9 million in wagers, yielding $2.6 million in net proceeds and $174,000 in taxes.
Mobile sportsbooks accepted $355 million, generating $38.3 million in proceeds and $5.7 million in taxes. Daily fantasy sports reported $1 million in gross revenue, with $135,400 in net revenue and $10,800 in taxes.