(The Center Square) – According to state data, Louisiana casinos showed big revenue growth compared to the same time last year.
Monthly data from the Louisiana Gaming Control Board showed that state’s lone land-based casino, Caesars New Orleans, had a 68.5% jump in revenue in February compared to January.
Caesar’s had nearly $30.7 million in revenue in the second month of the year, up nearly $12.5 million from January where revenues totaled $18.2 million. The state received nearly $5 million in taxes from the Central Business District gaming establishment.
For the year to date, riverboat casinos generated $1.14 billion in adjusted gross revenues and remitted $245.3 million in taxes. That’s a 2% jump from last year, when $1.12 billion in adjusted gross revenue and $240.4 million in taxes were collected.
Riverboat casinos had a huge month in February with $149.7 million (up from $143 million the same time last year) and paid $32.2 million in taxes. Last month, the riverboat total was $138.6 million.
Slot machine revenue at horse tracks earned a gross of $25.3 million and paid $3.83 million in taxes, an 8.8% drop from the same time last year. In February 2024, race track slots earned $27.7 million in gross revenue.
For the year to date, these slot machines have generated $201.4 million with $30.6 million in tax, down slightly (0.2%) compared to the same period last year.
For daily fantasy sports, gross revenues were slightly down in February compared to January ($1.04 million versus $1.08 million), with tax revenue also down from $10,833 in January to $10,138 in the second month of the year. Revenues compared to the same time last year showed a slight increase at 1.14%.
Year-to-date gross revenues for fiscal 2025, which ends June 30, are up to $10.13 million, on an easy pace to exceed last year’s $12.8 million tally.
Mobile sportsbooks earned $45 million in net proceeds in February, a massive increase from the same time last when the tally was $25.7 million.
For the year to date, net proceeds are up to $304 million, up from $236.8 million during fiscal 2024. Mobile sportsbooks have paid $46.7 million in taxes so far after paying only $33.1 million last year.
Casino-based sportsbooks had $2.55 million in net proceeds and paid $276,229 in taxes in February, a big improvement over the same time last year ($780,013 net proceeds and $128,140 in taxes paid).
For the year to date, casino sportsbooks have earned $18.9 million, down from the same time last year ($22.7 million). Tax revenue was also down, going from $2.31 million in fiscal 2024 to $1.93 million so far this year.
