Gambling Revenues Flat Across Louisiana

Gambling revenues reached an all time high in the U.S. in 2018, up to $41.7 billion dollars. That's an increase of 3.5% from 2017.

The data is included in the American Gaming Association’s (AGA) State of the States 2019: The AGA Survey of the Commercial Casino Industry.

Here are some of the key findings from the report:

• The commercial casino sector—with 465 casinos—logged its fourth consecutive year of gaming revenue growth and outpaced the national economic growth rate in 2018;
• The industry generated $9.7 billion in gaming taxes for state and local governments, a number that does not account for the billions more in sales, income and other taxes that benefit communities; and
• Half of the 24 states with commercial casinos reported record annual gaming revenue with nearly every state seeing gains in 2018, contributing to the strength of local economies across the country.

For the Shreveport Bossier market, gambling revenues are down 1.4% at $678 million. But the Lake Charles market is seeing growth. up 1.4% to $899 million.

The Harrah’s New Orleans land based casino brought in $291.5 million, up 6.9 percent. Revenues in the Baton Rouge market are down by more than 17%.