New Orleans gambling revenue improved in March. In fact, casino winnings increased 5.6 percent for the month alone. Overall, the revenue in the city improves to $60 million from $56 million.
The casino with the largest profits in March is Harrah’s with $29 million. It is an 8 percent improvement from its profits last year of $27 million. Three riverboats earned $26 million for a 3.7 percent increase year over year.
In addition, Boomtown New Orleans got a 5 percent increase year over year to $12 million. Also, Amelia Belle got a 4.5 percent increase to $4 million. Lastly, Treasure Chest got a 2 percent increase to $10 million. As you can see, casinos in New Orleans are sustaining profitable businesses. However, they can increase their profits more with sports betting.
New Orleans Gambling Revenue
However, not everything is good news from the New Orleans gambling industry. Baton Rouge got a 13.8 percent decrease year over year that continued its losing streak. The three riverboats in the area generated $23 million in revenue in March.
Although gambling is legal in New Orleans and the rest of Louisiana, sports betting remained unregulated in the state. That’s why pay per head reviews don’t indicate any providers in New Orleans.
At present, the only way to wager on sports in New Orleans is through the Fair Grounds Race Course. However, you can only bet on horse races across the US. It doesn’t accept wagers on other sports. That might change soon when Legislature finally legalizes sports betting in the state. Coincidentally, Fair Grounds Race Track profits were up 1.8 percent to $5 million in March.
Most residents of the state support legalizing sports betting. In fact, the Legislature will consider making sports wagering legal soon. The strongest support for the activity comes from New Orleans. Hopefully, the state will give license to pay per head software operators once it legalizes the activity.