Louisiana Gambling Holds Steady In Face Of Recession

The state of Louisiana has been through some difficult times since Hurricane Katrina ripped through the area. This week, however, they received some good news in relation to casino gambling revenue from the month of December.

While casinos in the rest of the country are seeing their revenue figures drop drastically, Louisiana casinos stayed almost the same in December of 2008 as they were in December of 2007. The total revenue loss was only down 2.3%.

In 2007, all of the casinos in Louisiana took in $228.1 million. This past December, those same casinos took in $222.8 million. The decrease was not particularly upsetting for the state on two different levels.

The global economy is in a recession and casinos all across the US are reporting revenue declines of twenty five percent and more. That makes the 2.3% decline in Louisiana look like nothing.

The other factor played a big part in the decline of 2008. There were only four weekends in December of 2008 as opposed to pieces of five weekends in 2007. The extra weekend days could have made the difference in the figures.

Even though there has been a decrease almost worldwide in casino gambling revenue, it has not stopped the industry from expanding. In the recent November election, several states have altered their laws to include more casino gambling.

January 21, 2009
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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