Louisiana’s Gambling Industry Ends 2021 on a High Note

Baton Rouge Green Uptick Casino Background

For many years, Louisiana’s lawmakers have been working to expand the state’s gambling industry. The past few years have been particularly exciting for gambling fans in the state. New reports indicate Louisiana’s gambling industry ended last year on a high note.

December was a solid month for most of the country’s gambling destinations. Now is a great time to talk about how much revenue the gaming operators in Louisiana managed to bring in last month.

Let’s get into it!

December Was a Great Month for Louisiana’s Gambling Industry

Gambling companies around the United States thrived throughout 2021. Casinos experienced huge surges in tourism and revenue. Many states chose to launch their first sportsbooks and new monthly handle records were set on several different occasions.

Louisiana has been home to popular casinos for many years. Voters across most of the state’s parishes approved a measure to legalize sports betting in November of 2020. The first land-based sportsbooks went live in the state toward the end of 2021.

Coinciding with the launch of these sportsbooks, Louisiana’s gambling industry saw impressive revenue gains in December. The casinos in Baton Rouge managed to bring in $24.2 million in total gross gaming revenue. That represents an impressive 3% increase when compared to November and a 41% increase compared to December of 2020.

The entire state’s casino industry brought in $164.1 million in gross gaming revenue. The L’Auberge Baton Rouge proved to be one of the most successful casinos in the state, bringing in $17.8 million in December. Hollywood Baton Rouge managed to generate $5 billion in GGR.

Louisiana’s casino industry was not the only one to find major success. Sports betting is now legal and regulated here and is beginning to generate major revenue. Here’s a look at how much money the state’s sportsbooks brought in last month.

The Sportsbooks in Louisiana are Quickly Finding Success

As we mentioned earlier, Louisiana legalized sports betting back in late 2020. Lawmakers and regulators then needed more than a year to come up with rules to monitor this form of gambling. It was not until November of last year that the first land-based sportsbooks officially went live.

These sportsbooks are already proving to be very popular. Over the month of December, bettors in the state wagered more than $39 million. Sportsbooks managed to keep about $4.4 million and $438,000 went to the state via taxes.

11 sportsbooks are now up and running in the state of Louisiana. These are all located inside popular casinos, including the aforementioned L’Auberge Casino in Baton Rouge. Online sports betting is expected to launch in the next few weeks and will likely help to massively increase the amount of revenue being earned from this industry.

The initial hope was to have these online sportsbooks live in time for the first week of the NFL playoffs. That was not the case and the goal is now the launch them prior to the 2022 Super Bowl. Most analysts expect this to be the most-bet-on sporting event in history.

Louisiana’s sports betting industry is clearly growing very quickly. It is still falling short when compared to some others in the Southern US. Here’s a look at what other states are earning more money from their sportsbooks.

Mississippi Remains the Southern US Gambling Hub

Louisiana’s casinos have long been overshadowed by the ones operating in Mississippi. The Southern United States is known as a largely anti-gambling region of the country. Mississippi pushes against that idea and allows both casino gambling and sports betting.

Last December, the sportsbooks in Mississippi saw $56.8 million in bets placed. Some will be surprised to hear that all of these wagers were placed at retail sportsbooks. This state does not allow online sports gambling, despite the major push to do so.

Louisiana’s online sports betting launch may have an impact on lawmakers in Mississippi. If Louisiana begins generating a massive amount of revenue, calls to make online sportsbooks legal in Mississippi will intensify. It’s also likely that Mississippi residents will simply make a quick trip across the border into Louisiana to make bets on their favorite teams and players online.

There is no doubt that Mississippi remains the Southern US gambling hub. Statewide, the casinos here brought in $2.7 billion in gross gaming revenue. Coastal casinos contributed the most to that revenue figure with $1.6 billion in GGR.

Are you surprised to see how quickly Louisiana’s gambling industry is growing? Will the sportsbooks in Louisiana soon begin generating more revenue than the ones in Mississippi? Let us know in the comments section below.

Maryland’s Casino Industry Thrived Over December

Maryland Casino Gambling Slot Background

Maryland is home to one of the fastest-growing gambling industries in the United States. The casinos here have seen impressive revenue gains throughout all of 2021. New reports show that Maryland’s casino industry thrived over the month of December.

This caps off an incredible year for this state’s casinos. Today, we’ll talk about how the casinos and other gambling operators here might fare throughout 2022.

Let’s get into it.

December Proved Successful for Maryland’s Casino Industry

The new year has arrived. Gambling analysts around the country are now looking back at how various casino industries fared over the last month of 2021. Some states are reporting far better casino revenue figures than others in December.

Maryland’s casino industry managed to thrive last month. Reports have confirmed that the various casinos here brought in a combined $172.9 million in gross gaming revenue. That represents the second-best month in history for the casinos here.

MGM National Harbor saw the largest year-on-year increase. The casino here managed to bring in an incredible $74.5 million in GGR. That is 53.5% higher than what this venue earned in December of 2020. Live! Casino & Hotel also saw impressive gains, with $62.4 million in GGR.

Maryland Lottery and Gaming Director John Martin spoke about what led to these revenue gains to the media this week.

“The combination of the holiday season and the launch of sports wagering at five of the casinos during December led to great results,” Martin said. 

The casinos in Maryland are clearly thriving right now. It hasn’t been long since sportsbooks began operating in this state. Here’s a quick look at how the state’s sports betting industry might fare over 2022.

Maryland’s Sportsbooks Are Already Generating Major Revenue

The entire Northeastern US is turning into one of the hottest gambling hubs in the United States. Nearly every state in this area has numerous successful gambling options up and running. That includes Maryland, which recently launched its first sportsbooks.

As of now, only land-based sportsbooks are up and running here. These are all located inside licensed casinos, including the ones listed above. As the weeks go on, more residents are calling on lawmakers to allow for the launch of online sportsbooks.

This is expected to happen in 2022. Members of the Maryland Gaming Commission have been working to finalize a set of laws to get online sportsbooks up and running. All signs point to the launch of online sportsbooks in Maryland taking place in the third quarter of the year.

Sports betting revenue will likely continue to increase as the months go on. More sportsbooks are opening in this state and internet sportsbooks appear to be on the horizon. The casinos are thriving too and revenue from this industry will likely surge over the next twelve months.

Competition in the Northeast gambling industry is ramping up constantly. Let’s take a quick look at what states’ gaming industries are expected to thrive this year.

Competition in the US Gambling Industry Continues to Ramp Up

Many analysts were surprised to see how quickly the US gambling industry managed to bounce back in 2021. The year prior to that, this industry appeared to be on the brink of collapse. Things can change fast and many states are now ramping up their gaming industries in hopes of generating major revenue surges.

New York is one state working hard to bring in more gambling revenue. This state is set to launch its first online sportsbooks this weekend. New casinos are expected to open here soon, too, and certain lawmakers are supporting the move to open a casino in New York City.

Massachusetts is home to three casinos. Each one helps to bring the state a huge amount of tax revenue each month. All signs point to sports gambling becoming legal in Massachusetts before the end of 2022.

Other states such as Connecticut and Rhode Island are allowing new forms of gambling, too. Competition in the US gambling industry has never been higher. We’ll be sure to report on the revenue figures earned in these various states as the months go on.

Are you surprised to see how well Maryland’s casino industry did in December? How will this state’s gaming industry fare in 2022? Let us know in the comments section below.