Louisiana Gaming Revenue Reaches $195.5 Million in September on 11.8 Percent Year-over-Year Gain
Louisiana reported gaming revenue of $195.5 million for September, up 11.8% year-over-year. Revenue from sports betting was $45 million, down 7% year-over-year from a handle of $405 million, up 1%. The Lake Charles district led in revenue with $69.7 million, up 9.4%.
SCCG Take — Casino districts delivered consistent growth. Sports betting and racetrack softness remain pressure points for full-quarter results.
Louisiana gaming revenue reached $195.5 million in September. This marks an 11.8 percent year-over-year increase, according to CDC Gaming.
Sports betting revenue totaled $45 million from a $405 million handle. Revenue declined 7 percent while the handle rose 1 percent.
The Lake Charles district led with $69.7 million, up 9.4 percent. L’Auberge Du Lac generated $26.7 million, up 10.6 percent. Golden Nugget Lake Charles posted $25.1 million, up 14.3 percent. Delta Downs recorded $12.2 million, down 2.2 percent.
New Orleans district revenue hit $50.4 million, up 13.8 percent. Caesars New Orleans delivered $25.4 million, up 30.4 percent. Treasure Chest produced $11.9 million, down 3.4 percent. Boomtown Casino & Hotel added $7.3 million, up 2.6 percent.
Shreveport/Bossier City operators generated $47.6 million, up 15.9 percent. Margaritaville Resort Casino led the district with $11.9 million, up 17.8 percent. Horseshoe Shreveport contributed $11.1 million, up 17.2 percent. Live! Casino posted $10.5 million, up 31.3 percent.
Baton Rouge district revenue reached $22.3 million, up 10.7 percent. Bally’s Baton Rouge, after shifting to land-based operations, recorded $4.9 million, up 607 percent. L’Auberge Baton Rouge generated $11.5 million, down 6.9 percent. The Queen of Baton Rouge posted $5.9 million, down 16.4 percent. Evangeline Downs reported $5.5 million, down 2.8 percent.
Regional Performance Drivers
Lake Charles, New Orleans, and Shreveport/Bossier City each posted double-digit revenue gains. Baton Rouge exceeded 10 percent growth. Sports betting revenue acted as a drag on the statewide total.
Analyst Commentary on Quarterly Trends
“Louisiana GGR increased +11.8% in September, driving 3Q growth of +3.5% against a +8.3% comp,” wrote Jefferies analyst David Katz. “Caesars outperformed in September, with all properties posting +10%+ GGR growth, though Caesars New Orleans was the only property to sustain momentum through the quarter (+13.2%). Racetracks lagged the broader market in 3Q, with Boyd’s Evangeline Downs the lone positive grower at +10bps year-over-year.”
Reporting: CDC Gaming
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
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