Louisiana Casinos, Sportsbooks Set New Records In November

November 2023 was a good month for Louisiana’s gambling industry. Just how good depends on what aspect of that industry you are discussing. In some ways, gaming revenue during the month has no equal in the state.

Louisiana’s legal sportsbooks have never been as busy as they were during November while riverboat casinos in the state had their best month of November to date. Other parts of the industry did not have such an outstanding month, though.

Harrah’s New Orleans, Louisiana racetracks see November dips

November brought some mixed results for Louisiana’s gambling industry as a whole. For Harrah’s New Orleans and the state’s four racetracks with slot machines, it was an unremarkable month.

Revenue from slots at the tracks fell by 8.7% as compared to November 2022, for example, coming in at $23.7 million.

Meanwhile, in New Orleans, Harrah’s saw an even more drastic annual drop. The casino’s $20.7 million in gross revenue from November represented a decline of 10.9% from November 2022.

The negative narrative grows even more harrowing when considering the entire fiscal year to date for Harrah’s New Orleans.

Through the first five months of the current term, gross revenue has declined 13% compared to July through November of 2022. For slot revenue at the four tracks, revenue is down only marginally in the same comparison.

For the rest of Louisiana’s gambling industry, November was a comparably far superior month. For the state’s legal sportsbooks, it was truly a November to remember.

Louisiana sports bettors hit the books in November

One aspect of legal sports betting in Louisiana during November was completely unprecedented; the amount of money that bettors wagered on sports. Their $356.4 million in bets surpassed Louisiana’s single-month gaming record set in October of $308.6 million.

It was also a good month for bettors in terms of winning their bets. Louisiana sportsbooks won just 5.4% of that $356.4 million or around $19.4 million. That’s one of the lowest revenue totals for 2023 so far. At the same time, it’s a drastic improvement from November 2022.

November 2022 was among the worst months for sportsbooks in Louisiana. They collectively took quite a bath, losing over $25.3 million during the month. Thus, November 2023’s revenue total represents a 231.8% year-over-year improvement.

The real cash cows of Louisiana’s gambling industry — riverboat casinos — also had a strong November. They appear on pace to narrowly establish a new revenue record in the current fiscal year.

Strong November for riverboat casinos in Louisiana

The 2022 version of November had been the best such month on record for Louisiana’s 15 riverboat casinos. That’s no longer the case, although the new record margin is quite small. The casinos collectively won over $140.5 million in November 2023.

For the fiscal year-to-date comparison, the running total is up less than a percentage point. However, even the smallest of margins could set a new revenue record for an entire fiscal year. Should that happen, it could also be a banner year for tax revenue for Louisiana from gaming.

November contributed $42.4 million from $183.6 million in adjusted gaming revenue and another $20.7 million in gross revenue. While Harrah’s New Orleans and racetracks would have preferred to have a November more like riverboat casinos’ month, the tax money all spends the same for the state.

The post Louisiana Casinos, Sportsbooks Set New Records In November appeared first on Play USA.

The Festival Series 2022 set to begin in Tallinn in June

The Festival in Tallinn

Malta – January 25th, 2022: The Festival Series Season 2022 is now set to begin in Tallinn, Estonia from June 27th – July 3rd, 2022, instead of Bratislava in March. The same games, the same concept and the same level of excitement and fun is guaranteed, just with a slight delay.

The decision comes following careful monitoring of the COVID situation across Europe, which sadly is still recording high numbers. And communicated since the inauguration of the series, player safety has always been the highest priority. Therefore, a COVID contingency plan was put into place from the start to protect our attendees and ensure that everyone who wants to play at our events has the option to travel to the location safely.

Players who have won packages for The Festival in Bratislava can be assured that they will roll over to the Tallinn stop. There will be no unusable tickets and no player will get left behind. This way, players can feel safer and more confident about attending the event.

The Festival Season 2022 will now kick off in summertime in the Estonian capital Tallinn. Venue will be the Olympic Park Casino next to the city centre.

“We want our first event in 2022 to be sensational” says Martin “Franke” von Zweigbergk, who is leading the event organization, “and we believe we can achieve this if we launch the Series at this slightly later date in Tallinn. The pandemic situation in Europe should be significantly better by Summer. After our successful first event last year it feels like a small eternity having to wait until June this year. However, we promise it will be worth the wait.” 

Now the full focus is shifting onto The Festival in Tallinn – set to be the first event of The Festival Series Season 2022 from June 27th – July 3rd, 2022. Preparations are in full swing with maximum effort to make this another memorable event after the fantastic inaugural event in Bratislava last year. More stops for The Festival Series will be announced in due course. 

About Acroud AB: ACROUD owns, operates and develops high-quality comparison sites, mainly in iGaming affiliation, for the purpose of helping our partners by channelling high-quality users to the Company’s customers – primarily iGaming operators. Through the sites, ACROUD generates high-quality users, primarily to global iGaming operators. The Company, which was founded in 2003, has just over 50 employees and is headquartered in Malta.