Louisiana casinos had huge revenue jump in February
Mar 25, 2025
According to state data, Louisiana casinos showed big revenue growth compared to the same time last year.
Monthly data from the Louisiana Gaming Control Board showed that state’s lone land-based casino, Caesars New Orleans, had a 68.5% jump in revenue in February compared to January.
Caesar’s h
ad nearly $30.7 million in revenue in the second month of the year, up nearly $12.5 million from January where revenues totaled $18.2 million. The state received nearly $5 million in taxes from the Central Business District gaming establishment.
For the year to date, riverboat casinos generated $1.14 billion in adjusted gross revenues and remitted $245.3 million in taxes. That’s a 2% jump from last year, when $1.12 billion in adjusted gross revenue and $240.4 million in taxes were collected.
Riverboat casinos had a huge month in February with $149.7 million (up from $143 million the same time last year) and paid $32.2 million in taxes. Last month, the riverboat total was $138.6 million.
Slot machine revenue at horse tracks earned a gross of $25.3 million and paid $3.83 million in taxes, an 8.8% drop from the same time last year. In February 2024, race track slots earned $27.7 million in gross revenue.
For the year to date, these slot machines have generated $201.4 million with $30.6 million in tax, down slightly (0.2%) compared to the same period last year.
For daily fantasy sports, gross revenues were slightly down in February compared to January ($1.04 million versus $1.08 million), with tax revenue also down from $10,833 in January to $10,138 in the second month of the year. Revenues compared to the same time last year showed a slight increase at 1.14%.
Year-to-date gross revenues for fiscal 2025, which ends June 30, are up to $10.13 million, on an easy pace to exceed last year’s $12.8 million tally.
Mobile sportsbooks earned $45 million in net proceeds in February, a massive increase from the same time last when the tally was $25.7 million.
For the year to date, net proceeds are up to $304 million, up from $236.8 million during fiscal 2024. Mobile sportsbooks have paid $46.7 million in taxes so far after paying only $33.1 million last year.
Casino-based sportsbooks had $2.55 million in net proceeds and paid $276,229 in taxes in February, a big improvement over the same time last year ($780,013 net proceeds and $128,140 in taxes paid).
For the year to date, casino sportsbooks have earned $18.9 million, down from the same time last year ($22.7 million). Tax revenue was also down, going from $2.31 million in fiscal 2024 to $1.93 million so far this year.
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