Louisiana Gambling Revenue Slightly Rises Through November

December 24th, 2010 – by Glen Farmer

The state licensed casinos in Louisiana have reported increased winnings in November 2010 over the same month last year. Total revenue has shown to be positive over the month.

Louisiana’s 13 riverboat casinos, Harrah’s downtown casino in New Orleans, and the four race tracks won a collective $180.6 million last month, according to state police. Though the increase was slight, this figure was still higher than last year’s $179 million in revenue generated in November 2009.

The slight rise in revenue is a welcome sight after gambling revenue had been in double digit declines in year-to-year revenue figures during 2009. Indian casinos and other forms of increased competition in surrounding areas had been blamed for the decline, as has the generally slow economy and recession.

All over the nation, gambling revenue has been inconsistent. The two major markets had been reeling from recession, though Las Vegas has been on the rise. Atlantic City has been suffering with declining revenue over the years unable to recover from the recession.

Louisiana’s gambling industry may be on the road to recovery. Reduced voluntary spending has made it difficult for the gambling industry to thrive, though some analysts predict that the industry will make a full recovery by 2014 – in some markets, at least.

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