Louisiana Casino Gambling and Sports Betting Numbers Decline in April

0

Louisiana’s gaming and sports betting industries saw betting numbers decline in April compared to March.

The state’s retail and mobile sports betting combined saw a 10.5% month-over-month decline, while the four in-person components of Louisiana’s gaming sector saw a combined 3.4% decline.

Louisiana has no real money online gambling options.

Slight decrease in casino earnings

Louisiana April revenue outside of sportsbook was $292,300,716 for April, down approximately $10 million from March’s $302,435,095. The total was nearly $30 million down from the $320.5 million recorded a year earlier, in April 2021.

Of the four segments that make up Louisiana Gaming (riverboat casinos, land-based casinos, video terminals and racinos), only 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), up 18.2% month-on-month, according to figures from Louisiana gaming control board.

The four racinos — the name for racetrack slot machines — were down 1.4% for the month and had combined revenue of $30.76 million in April, compared to $31.2 million the previous month. Revenue also fell by 12% compared to April 2021.

The 13 riverboat casinos in the state collectively saw a 3.8% decline from $167.43 million in March to $161.06 million last month. These facilities had sales of $176 million 12 months earlier.

Revenue from Louisiana’s 12,000+ video game terminals fell the most, down 9.3%, from $80.98 million in March to $73.48 million in April. The decline was larger year-over-year — down 13.2% from April 2021’s $84.69 million.

Sports betting in Louisiana down 10.5%

Total April sports betting volume in Louisiana was $208,255,060, down 10.5% from March ($232,730,341). according to LGCB reports.

Sports Betting in Louisiana, April vs. March

betting grip Mobile handle revenue
April $208.255 million $186.044 million $5.607 million
march $232.730M $205.746 million $30.141M
To change down 10.5% down 9.6% 81.4% decrease

Mobile sports betting fell by a similar amount, falling 9.6% to $186,044,928 from $205,745,956 in March. Its retail price was just over $22 million last month, down 17.7% from March, when it was nearly $27 million.

Cell phone counts were the lowest in the state since online sports betting began Jan. 28, hardly a surprising development in a month with no NFL and only the Final Four games to bet on in the NCAA basketball tournament.

Revenue numbers were sharply down in April, largely thanks to a 1.8% gain for Louisiana sportsbook. Revenue, which topped $30 million in March to break the state record, fell to $5.6 million in April, down 81.4%.

Sports betting taxes paid to the state were $2.57 million in April, down 24.6% from $3.4 million in March.

Share.

About Author

Comments are closed.