Louisiana’s lawmakers continue working to expand the state’s gambling industry. Recently, a push to open more casinos around the state has been taking place. Officials are now beginning to weigh the pros and cons of a St. Tammany casino opening its doors.
A lot has been happening in Louisiana’s gaming industry lately. More gambling options are set to become available here in the near future.
Here’s what you need to know about another proposed casino here.
Analysts Predict St. Tammany Casino Will Have a Positive Impact
The state of Louisiana is home to a huge number of popular casinos. Many of these are located in the Baton Rouge area. Orleans also plays host to some of the most popular gaming venues currently operating in the state.
Not long ago, officials began presenting plans to open a new casino in St. Tammany. The proposed casino-resort, called Camelia Bay, has been under intense scrutiny lately. Experts wanted to know how the opening of this venue would affect the area in the future.
New reports have surfaced claiming that the St. Tammany casino would likely have a positive impact on both the city of Slidell and St. Tammany parish as a whole. Suzanne Leckert, author of this study, offered some insight into the findings to the media this week. She claims that those fearing negative impact of this venue do not need to be concerned.
“Through the research we see moderately positive impacts from similar developments across the country all the way down to just no impact, but we have not been able to uncover the negative impacts that many communities have feared,” Leckert said.
Voters in St. Tammany will vote on whether or not to allow this property on December 11. We’ll be sure to offer updates on this possible property over the next few months.
Louisiana’s Statewide Sports Betting Options Could Launch Next Week
2021 is slowly coming to an end and several states around the country have been working to finally get their sports betting industries launched. That includes Louisiana. Voters here approved a measure to legalize sports gambling in late 2020, yet only a few sportsbooks have gone live here.
Fortunately, it appears that statewide sports betting could finally go live here next week. Officials are looking at a November 1 launch date for this industry. It’s extremely exciting news for millions of sports fans in the state.
The laws passed here in 2020 allow for online sportsbooks to go live here. The current plan is only for land-based sportsbooks to launch here. The state’s first internet sportsbooks are expected to finally launch within the next few months.
Several major sports betting companies have already earned licenses to operate here. That includes Caesars Entertainment. Many experts believe that Louisiana has the potential to grow into one of the most successful sports gambling hubs in the country.
The casinos currently operating in Louisiana have been hugely successful throughout most of 2021. Not long ago, reports on the state’s casino revenue over September were released. Here’s a look at how much money was brought in.
Breaking Down Louisiana’s Latest Casino Revenue Figures
Louisiana is known for having one of the most successful gambling industries in the United States. Casinos have been allowed to operate here for many years. Throughout most of 2020, these properties struggled to generate any real money due to shutdowns and travel restrictions.
Things have been much different in 2021. The casinos here have been reporting consistent increases in revenue over the past ten months. This was once again the case in September, where the casinos here managed to bring in $159.7 million in total GGR.
This represents a staggering 21.4% increase when compared to September of 2021. L’Auberge Casino in Baton Rouge proved to be the most successful property in the state. Over September, this casino managed to bring in $13.3 million in total revenue.
It’s clear that Louisiana’s casino industry continues to thrive. It seems that sports betting options are set to become available here soon. Several new casinos are expected to go live here in the near future, as well.
Are you excited to hear about a St. Tammany casino open its doors? Will this casino be successful? Let us know in the comments section below.