Louisiana Casinos Experience Slight Dip in April Revenue, Earning $200.7 Million

Louisiana Casinos Experience Slight Dip in April Revenue, Earning $200.7 Million

Louisiana’s casinos experienced a slight dip in revenue in April 2021, earning a total of $200.7 million. This represents a decrease of 1.3% compared to the same month in 2019, before the COVID-19 pandemic hit.

The Louisiana Gaming Control Board released the figures on May 18, 2021, revealing that the state’s 13 riverboat casinos, one land-based casino, and four racinos (racetrack casinos) generated $53.5 million in taxes for the state.

The dip in revenue can be attributed to several factors, including ongoing pandemic-related restrictions and a decrease in tourism. Many casinos are still operating at reduced capacity and with limited amenities, which has impacted their ability to generate revenue.

Additionally, the closure of the Mississippi River due to high water levels has also affected the riverboat casinos, as it limits access for patrons who arrive by boat.

Despite these challenges, some casinos have reported positive results. The Golden Nugget Casino in Lake Charles saw a 14.8% increase in revenue compared to April 2019, earning $22.5 million. This can be attributed to the casino’s recent renovation and expansion, which has attracted more visitors.

The L’Auberge Casino Resort in Lake Charles also reported an increase in revenue, earning $24.5 million, up 4.8% from April 2019. The casino was closed for several months due to damage from Hurricane Laura in August 2020 but reopened in September after extensive repairs.

Other casinos, however, saw a significant decline in revenue. The Harrah’s New Orleans Casino saw a 25.2% decrease in revenue compared to April 2019, earning $18.6 million. This can be attributed to ongoing pandemic-related restrictions and a decrease in tourism to the city.

Overall, the dip in revenue for Louisiana’s casinos is a reminder of the ongoing challenges faced by the gaming industry due to the pandemic. While some casinos have been able to adapt and attract visitors, others continue to struggle. As the state continues to navigate the pandemic and its aftermath, it remains to be seen how the gaming industry will fare in the coming months.