Jan 21, 2025
Louisiana’s gambling industry wrapped up December with mixed performance across its various gaming sectors, according to the latest data from the Louisiana State Police. Video gaming devices generated $63.7 million in net device revenue in December, up 1.5% from the same month last year. Truck stops, the largest contributors to video gaming device revenue, brought in $47.1 million, a 1.4% year-over-year increase. Bars also saw a 4.7% growth, with revenue reaching $9.46 million. However, hotels experienced a sharp decline, with revenue dropping 11.2% compared to last December, reflecting the sector’s ongoing struggles. Year-to-date, the video gaming sector has posted a slight overall increase, with total revenue reaching $369.2 million, up 0.7% from last year. Caesars New Orleans, Louisiana’s only land-based casino, reported $25.37 million in revenue for December. This marked a 5.0% decrease from November but a 2.6% increase compared to December 2023. Despite the monthly dip, year-to-year gains indicate some recovery in the sector. Riverboat casinos reported $151.7 million in adjusted gross revenue (adjusted gross revenue) in December, slightly down from $151.8 million in November and an 8.1% drop from $158.2 million in December 2023. Fiscal year-to-date, riverboat casinos have generated $852.7 million in adjusted gross revenue and remitted $183.3 million in fees to the state. The top-performing riverboats included L’Auberge Lake Charles, with fiscal year to date revenue of $146 million, and Golden Nugget Lake Charles, which led the sector with $155 million in fiscal year to date revenue. Slots at racetracks brought in $26.4 million in adjusted gross revenue for December, with a total of $4 million in state taxes paid. Year-to-date, slots have generated $152.8 million in adjusted gross revenue, down slightly from the previous fiscal year. Tax contributions from this sector totaled $23.2 million fiscal year to date. Retail and mobile sports betting combined to accept $390.7 million in wagers during December, reflecting a 3.6% increase compared to December 2023. However, net proceeds from sports betting dropped sharply, down 38.1% year-over-year to $34.5 million. Taxes paid from sports betting also fell, totaling $6.4 million in December, a 15.1% decrease compared to last year. The decline in net proceeds was attributed to a significant year-over-year decrease in promotions deductions and reduced win percentages in certain sports categories. Fantasy sports contests saw $2.4 million in gross revenues for December, with $285,924 in net revenues and $22,874 in taxes paid. Year-to-date, the sector has contributed a modest $52,778 in taxes to the state.
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