When the local supply of Gambling Addicts is exhausted, revenues decline. Simple!
Louisiana casinos take in $197 million in July
Published: Thursday, Aug. 16, 2012
BATON ROUGE, La. -- Louisiana's state-licensed casinos took in nearly $197.6 million from gamblers in July, a 12 percent drop in winnings from July 2011 and a 3 percent dip from the previous month.
The figures, compiled by the state police, were presented Thursday to the Louisiana Gaming Control Board.
Across the state, the mix of riverboat, land-based and race track casinos brought in $26.7 million less than they collected in July 2011 and $5.2 million less than June's total.
In July, gamblers lost the most on average at Horseshoe Bossier City, Eldorado Resort in Shreveport and Treasure Chest in Kenner.
The state's only land-based casino, Harrah's [Caesars] in downtown New Orleans, won $23.9 million, a 13 percent drop from the same month a year ago and a 15 percent drop from the $28.1 million taken in June.
Meanwhile, gamblers lost $138.6 million at the state's 12 riverboat casinos last month, a 13 percent decline from July 2011. By comparison, the riverboats took in a combined $139.9 million in June.
Louisiana's four race tracks took in a combined $35 million, nearly the same as the previous month but an 8 percent drop from the same month a year earlier.
Among Louisiana casino markets:
- In Shreveport-Bossier City, the area's five riverboats won $55.7 million, while the Louisiana Downs track casino took in $6.4 million.
- The Lake Charles market's two riverboat casinos brought in $42.3 million, while the area's Delta Downs track casino won $16.3 million.
- In the New Orleans area, gamblers lost $24.2 million at the riverboat casinos and $3.8 million at the Fair Grounds race track casino.
- Baton Rouge's two riverboats won $16.2 million.
The figures do not include Indian reservation casinos, which are not required to publicly report winnings.
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