Louisiana Casino Revenue Up From Last Year, Down From Last Month

It is not often that casino gambling revenue figures can be both good and bad, but that is the case in Louisiana. The June revenue figures have been released, and the the winnings were up from the same period in 2010, and down from May.

In June, Louisiana casinos won $197.2 million. That represented an increase of 6.8% from the same period a year earlier. When compared to May, however, the revenue came up almost three percent short of the $203.2 million the previous month. The year-over-year figure is one that casinos can finally get excited about.

Over the past several years, casinos all across the Gulf Coast have been dealing with troubling gaming revenue. The economic recession was the start of the danger for many of these casinos, but Louisiana casinos started to feel the devastating revenue decreases back in 2005.

When Hurricane Katrina ripped through Louisiana, several casinos were damaged, causing long closures. During these closures, hundreds of regular customers found other gaming facilities to spend their gambling dollars. When the casinos were finally re-opened, the customers were slow to come back. Right around the time that the revenue started to turn the corner, the recession hit.

Slots at the Fairgrounds was the only gaming facility in Louisiana that did not post a revenue decrease from May. Harrah's New Orleans had the largest decrease during June. Harrah's is also the only land-based casino in the state.

The Treasure Chest casino had the largest gain in year over year revenue, posting a fifteen percent increase. The casino won $7.92 million in June 2010, compared to winning $9.10 million this June. The aforementioned Harrah's had an increase of 7.4%, from $25.5 million to $27.40 million.

The smallest differential in the New Orleans area came at Boomtown, where revenue only increased two percent, from $11.33 million to $11.56 million.

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