Louisiana Downs was built by shopping center developer Edward J. DeBartolo Sr., of Cleveland, Ohio, a longtime supporter of horse racing; it was third race track that he developed, along with Thistledown in North Randall, Ohio, and Remington Park in Oklahoma City, Oklahoma.

[2][3] In September 2020, it was announced that Caesars Entertainment and VICI Properties are selling Harrah’s Louisiana Downs to Rubico Acquisition Corp. for $22 million with the deal expected to close at the end of the year or early in 2021.

[4] In November 2021, the sale to Rubico Acquisition Corp was completed and the property transitioned to Louisiana Downs Casino & Racetrack dropping the Harrah's moniker.

A quarter horse meet is held from January through March.

The race, along with the track suffered a precipitous decline and was moved to the turf for 2 years and was placed on hiatus from 2020-2022.