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The annual state gaming tax rate is now % of adjusted gaming revenues, while our neighbors in Mississippi tax their casinos at 8%. For comparison purposes.


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Twenty-one of the 25 commercial gaming states reported year-over-year increases in annual gross gaming revenue in Louisiana.


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Twenty-one of the 25 commercial gaming states reported year-over-year increases in annual gross gaming revenue in Louisiana.


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Twenty-one of the 25 commercial gaming states reported year-over-year increases in annual gross gaming revenue in Louisiana.


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Louisiana's 15 riverboats, four racetrack slots casinos and Harrah's New Orleans brought in $ million in December, a percent drop from the December.


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The annual state gaming tax rate is now % of adjusted gaming revenues, while our neighbors in Mississippi tax their casinos at 8%. For comparison purposes.


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The annual state gaming tax rate is now % of adjusted gaming revenues, while our neighbors in Mississippi tax their casinos at 8%. For comparison purposes.


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The annual state gaming tax rate is now % of adjusted gaming revenues, while our neighbors in Mississippi tax their casinos at 8%. For comparison purposes.


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Louisiana's gambling industry shutdown comes with big costs in its contribution to state revenue, and both industries have been severely hurt.


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Video poker revenue held up slightly better, dropping by % from $ million the year before to $ million. The casinos have been shut.


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Search for:. If you really wanted a formula about how to restrict an industry, Louisiana would be your poster child. But the steady decline over the past year or so, including double-digit drops in multiple markets, raises serious concerns about the health of a business sector crucial to state finances. As the industry consolidates, why would an owner invest in Louisiana when it can focus its resources on a state with lower taxes, less restrictions, and friendlier lawmakers? They say gaming takes far more out of the economy than it puts in, and the sooner Louisiana weans itself from its gambling dependence, the better. And the competition for the gaming dollar is fierce. Legal sports betting, still a political no-go in Louisiana, attracts customers that might otherwise visit New Orleans. Louis pays The industry also pays all the same taxes other businesses pay, says Louisiana Casino Association Executive Director Wade Duty, but is not eligible for tax breaks or job-creation incentives other businesses routinely get.

Legal gambling has not been a growth industry in Louisiana for more than a decade. But as things stand now, gaming plays a necessary role in balancing the state budget, covering expenses other taxpayers would otherwise louisiana casino revenue to pay for or do without, proponents say.

Pretty much any new wrinkle casinos want to offer customers requires approval from state lawmakers who read article happy to louisiana casino revenue gaming revenue but often less enthusiastic about helping the industry succeed.

July 26, July 26, Bossier Now Share.

Skip to content. Younger consumers have less interest in slots and table games than previous generations and are more attracted to non-gaming entertainment, the Spectrum report says. For gambling opponents, this is good news. By comparison, a Mississippi casino in nearby Bay St.