Louisiana casino revenue growth surged by 12.7% this May, showcasing the vibrant rise in gambling revenues across the state. The total adjusted gross receipts for the state’s 16 casinos reached $197.2 million, a notable increase from last year’s $175 million. Explore more insights into gambling trends and earnings here.
Key Figures in Louisiana Casino Revenue Growth
The Louisiana State Police reported that the Golden Nugget Lake Charles led the way with $30.3 million in revenue, marking a 3% increase compared to last year’s $29.5 million. L’Auberge Lake Charles also experienced growth, with revenues climbing from $28.8 million to $27.2 million, up by 5.6%. Caesars New Orleans, the only land-based casino in the state, generated $21.3 million, a rise of 6.6% from $20 million last year.
Winners and Losers in Louisiana Casino Revenue Growth
Among the casinos, Treasure Chest saw the most substantial percentage increase, doubling its revenue by 100.6% from $7.2 million to $14.5 million. In contrast, Margaritaville and Sam’s Town faced challenges, recording double-digit declines. Margaritaville’s revenue fell by 20.7%, going from $17.3 million to $13.7 million, while Sam’s Town decreased by 19.5% year-over-year, from $3.8 million to $3 million.
Understanding these dynamics provides a clearer picture of the state’s gambling landscape. For broader insights into U.S. casino trends, visit Legal Sports Report.
