Gambling Revenue Drops 5%in Louisiana

Published October 24, 2003 by OCR Editor

Gambling Revenue Drops 5%in Louisiana

Have people found a better way to waste their time (and money)?? Louisiana's state-licensed casinos saw their revenue drop nearly 5 percent in September from a year ago as play slowed in the Texas-oriented markets of Shreveport-Bossier City and Lake Charl

The 14 dockside gambling venues, Harrah's New Orleans Casino and slot machine parlours at racetracks won $150.3 million last month, compared with $157.4 million in September 2002, state police reported Tuesday.

The latest figures indicated a continuing trend: the opening of new casinos does not increase the overall gambling take.

The Shreveport-Bossier City market, which includes five riverboats and the Louisiana Downs, won $60.3 million in September, down nearly 12 percent from $64.1 million in September 2002. A year ago, the slot s venue at Louisiana Downs had not opened. That outlet won $3.7 million last month.

The Lake Charles market, consisting of the Delta Downs casino and a pair of two-boat complexes, tallied $32.5 million, down from $34.1 million a year ago.

Delta Downs, which has sharply cut the riverboat take in that market since opening in February 2002, won $10.1 million last month, compared with $9.7 million in September 2002.

The New Orleans market, consisting of three riverboats and Harrah's downtown casino, won $43.7 million last month, up slightly from $42 million in September 2002. Harrah's won $20.9 million last month, compared with $20.8 million a year ago.

The two riverboat casinos in Baton Rouge won $13.8 million last month, down slightly from $14.1 million in September 2002.

See also

Delaware and Pennsylvania Break Gambling Revenue Records

Louisiana Bans Casinos Campaign

World Gambling Revenue Forecast for 2012

Danish iGaming Contributes to Overall Gambling Revenues

New Jersey Trend Continues: Online Gambling Revenue Up, Online Poker Revenue Down


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