Louisiana Casino Gaming and Sports Betting Numbers Decline in April
Louisiana’s gaming and sports betting industries saw a decline in numbers for April wagering compared to March.
The state’s retail and mobile sports betting combined for a 10.5% decrease in a month-over-month comparison, while the four in-person components of Louisiana’s gaming sector had a falloff of 3.4% combined.
Louisiana has no online gambling real money options.
Slight Decrease in Casino Revenues
Revenue figures for April for Louisiana gaming outside of sports betting added up to $292,300,716 in April, down about $10 million from March’s $302,435,095. The total figure was almost $30 million short of the $320.5 million recorded one year earlier, in April 2021.
Of the four segments that make up Louisiana gaming (riverboat casinos, land-based casino, video terminals and racinos), only the land-based Harrah’s New Orleans Casino saw an increase in revenue compared to March.
In April, Harrah’s reported $27 million in gross gaming revenue (GGR), an 18.2% rise in a month-over-month comparison, according to figures from the Louisiana Gaming Control Board.
The four racinos – the name for slot machines at racetracks – were down 1.4% for the month, combining for $30.76 million in April revenue compared to $31.2 million for the previous month. The revenue was also off by 12% compared to April 2021.
The 13 riverboat casinos in the state combined for a 3.8% decrease, from $167.43 million in March to $161.06 million last month. Those facilities combined for $176 million in revenue 12 months earlier.
Revenue at Louisiana’s 12,000-plus video gaming terminals fell the most at 9.3%, from $80.98 million in March to $73.48 million in April. The decline was sharper in a year-over-year comparison – down 13.2% from the $84.69 million in April 2021.
Louisiana Sports Betting Down 10.5%
April’s total sports betting handle in Louisiana was $208,255,060, down 10.5% from March ($232,730,341), according to LGCB reports.
Louisiana Sports Betting, April vs. March
The mobile sports betting handle was down by a similar amount, falling 9.6% from $205,745,956 in March to $186,044,928. The retail handle was a bit over $22 million last month, down 17.7% from March, when it was nearly $27 million.
The mobile handle was the lowest in the state since online sports wagering launched on Jan. 28, hardly a surprising development in a month with no NFL and only the Final Four games to wager on in the NCAA Basketball Tournament.
The revenue figures were way down for April thanks mostly to a 1.8% win for Louisiana sportsbooks. Revenue, which exceeded $30 million to smash the state record in March, dropped to $5.6 million in April, an 81.4% decline.
April’s sports betting taxes paid to the state came to $2.57 million, a 24.6% decrease from $3.4 million in March.
Jim Tomlin has more than 30 years of experience in sports journalism as an editor and writer. He has covered pro and college sports from football, baseball, basketball, soccer, golf, motorsports and more for publications such as the Tampa Bay Times, SaturdayDownSouth.com, SaturdayTradition.com and FanRag Sports. He now lends his expertise to TopUSCasinos.com, among other duties.