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State gaming revenues largely flat in December; mobile sports betting drives tax receipts
Summary
Louisiana State Police presented December 2024 gaming revenue figures showing mixed results across riverboats, casinos, racetracks, video gaming and sports betting, with overall fiscal-year collections nearly even with the prior year.
The Louisiana State Police Gaming Audit Section reported December 2024 statewide gaming receipts on Jan. 16, 2025, with mixed month-to-month results and largely flat fiscal-year totals.
Donna Jackson, an auditor with the Louisiana State Police Gaming Audit Section, told the Louisiana Gaming Control Board that the 14 operating riverboats generated $151,712,228 in adjusted gross receipts for December and that state fees collected that month totaled $32,618,129. Fiscal-year-to-date adjusted gross receipts for riverboats were reported as $852,700,000, a 0.1% decrease from the prior fiscal year.
Jackson said Caesars New Orleans produced $25,367,815 in gross gaming revenue for December, a 5% decrease from the prior month but a 2.6% increase year-over-year for the same month. The state received $5,520,548 in minimum daily payments from Caesars in December, and Caesars' fiscal-year-to-date adjusted gross receipts were nearly $127 million, up about 5% from the prior fiscal year.
Slots at the state's four racetrack facilities combined generated $26,374,600 in adjusted gross receipts for December, a 0.5% decrease from November and a 4.7% decline from the same month last year; state fees from racetrack slots for December were reported as $4,000,000 and fiscal-year-to-date adjusted gross receipts were $152,800,000, a 1% increase from the prior year.
Video gaming continued to show broad scale: Jackson reported 11,887 activated video gaming devices at 1,394 locations; December net device revenue was $63,719,703, up 1.5% from November but down 0.1% from December 2023. Franchise fees for December totaled $19,300,000 and fiscal-year-to-date net device revenue was $369,000,000.
Sports wagering varied by channel. Retail sportsbooks accepted approximately $28,400,000 in wagers in December, producing a net loss of about $452,000 and roughly $53,000 in state taxes. Mobile sportsbooks accepted about $362,000,000 in wagers, with net proceeds of approximately $35,000,000 and about $6,400,000 in taxes paid to the state. Daily fantasy sports reported gross revenues of $2,400,000, net revenue of $286,000 and taxes near $23,000 for the month.
Board members did not raise substantive questions after the presentation.
