Though the state didn’t launch legal sports betting until the fourth quarter, Louisiana had a successful year in regards to gaming in 2021. The state reported casino gaming revenue of $2.38 billion, a whopping figure that represents a 43.5% increase over the previous year, according to a study by the American Gaming Association.
In their annual “State of the States” analysis of the commercial casino industry, the AGA notes that the 2021 total of $2.38 billion in gaming revenue is a slight dip of 3.2% from the last full year (2019). In 2020, like most states, Louisiana had stretches of time when casino gaming was suspended due to the COVID-19 pandemic, but the state rebounded in 2021 and has shown no signs that it will slow.
It’s crucial to note that a pair of hurricanes in 2021 also impacted attendance at Louisiana’s land-based casinos, which likely accounts for the small slide in gaming revenue as compared to 2019 when there were no major storms.
For 2021, commercial casino gaming generated tax revenue of more than $573.1 million, and those funds were split among the state’s general fund and local parishes that host casinos. Louisiana’s sports betting apps were active for two full months in 2021 and delivered a little over $1 million in taxes to the state or parishes.
Baseball time in Baton Rouge: LSU College World Series Odds
Casinos, Racinos, And Sportsbooks In Louisiana
Louisiana features five tribal-operated and owned casinos, as well as several commercial casinos or racinos scattered across the Bayou State. These properties offer casino gaming (table games and slot machines), as well as sportsbooks in three locations. The state also has, according to the American Gaming Association, more than 12,000 electronic gaming devices, which are located at 1,438 non-casino locations, such as bars, restaurants, truck stops, and off-track betting parlors. Those devices generated gross revenue of $839.2 million in 2021, a huge increase of 50.9 percent from 2020.
Voters approved a new casino to be built in St. Tammany Parish in eastern Louisiana, and other jurisdictions are eyeing new land-based casinos, racinos, or retail sportsbooks. The large majority of sports betting in Louisiana in 2021 occurred online, however. Under state law, sports betting adjusted gross revenue is taxed at a rate of 10% for land-based sports wagering and 15% for online sports betting.
How good are the Saints?: New Orleans season wins total analysis
Riverboat Casinos In Louisiana
Louisiana is famous for its riverboat casinos, where many customers enjoy gaming, dining, and entertainment. The three riverboat casinos and one racino located in and around Lake Charles experienced growth at a rate of 41.8% compared to 2020, for a total gaming revenue amount of $842.7 million.
The pair of major storms the area experienced in 2021 contributed to the slower growth rate compared to other regions in Louisiana. Similarly, gaming operators in New Orleans and Shreveport experienced flatter growth as well in 2021, compared to other sectors.