Louisiana casino revenue flat as 2019 kicks off
Baton Rouge takes the biggest hit in January
January was not a great month for gambling in Louisiana. According to data just released by the Louisiana Gaming Control Board (LGCB), gaming revenue only increased by 0.1% that month year-on-year, reaching $187.7 million compared to the $186.8 million seen in the same month last year.
The LGCB included financial data from the 15 riverboat casinos, four racinos and land-based casinos. The 0.1% increase could have been better, but the revenue from casinos in Baton Rouge dropped by 15.1%, continuing a downward trend seen since last year.
Revenue from the three riverboats in Baton Rouge dropped from 20.5 million in January 2017 to $17.4 million this year. The oldest riverboat in the city, the Belle of Baton Rouge, saw the biggest drop, taking in just $2.4 million for a 38.8% decline year-on-year. Hollywood Casino revenue dropped only 0.6% to $4.4 million, while the L’Auberge Baton Rouge saw its revenue decline 12.7% to $10.6 million.
Casino winnings in New Orleans were up in January, climbing 7.7% from $44.1 million to $47.5 million year-on-year. This was due to improved performance across the market, with Harrah’s posting winnings of $22.8 million. This was an $11.5% increase above the $20.4 million seen a year earlier.
In Crescent City, the three riverboats operating there saw gains of 4.4% year-on-year. Revenue increased from $20.2 million to $21 million, with Boomtown New Orleans showing the most improvement. It went from $8.8 million to almost $9.4 million and the Amelia Bella saw its revenue increase 4.8% from $3.2 million to $3.4 million. Treasure Chest was up, as well, increasing 1.8% to $8.3 million.