Revenue at casinos in New Orleans saw a dip in December
The casinos took a hit of just over 3% as traffic slowed with the end of the year
Making year to year comparisons can usually give you an idea of the general performance of a certain activity and make decisions on the go if necessary. This is what just happened with casino winnings in New Orleans, as December’s revenue fell 3.4%. This was the case not only for New Orleans, but also for every gaming facility located in the city experience, all of which showed a fall in revenue. The Sugar State has 15 riverboat casinos, four racinos, and one brick and mortar location.
Overall figures report a fall of 4.9%, which is approximately $210.4 million in winnings for the month of December. One year ago, the numbers were at $221.3 million, based on a report yesterday from the Louisiana Gaming Control Board. There could be more than one reason, but the fall might have to do with the calendar. Back in 2018, there were five Saturdays in December, but just four in 2019, and it is a fact that casinos make more money during the weekend. In Crescent City, the revenue also fell in December from $53.8 million to $52 million.
The only gambling establishment within the state that managed to bring in more money than December 2018 was the Fair Grounds Racetrack with its slot machines. It posted an 8.4% revenue gain as it jumped from $3.6 million to $3.9 million. On the other hand, the Harrah’s brick and mortar casino posted $26.4 million in revenue from December, which is 3.5% less than the reported $27.4 million generated in December 2018. Almost every city in the state is said to have experienced the same behavior regarding decreasing revenue.