Handle saw a 37.5% year-on-year increase to $34.5 million

Mississippi sports betting revenue down in February

Mississippi’s coastal casinos continued to lead the market in February, including Golden Nugget Biloxi Hotel & Casino.
2020-03-23
Reading time 55 seg
Sportsbooks generated combined revenue of $2.1 million last month, representing a month-on-month and year-on-year decline for the state. The coastal region continued to lead the market as sportsbooks generated $955,302 in revenue taking $22.5 million in bets.

The Mississippi Gaming Commission (MGC) reported that sportsbooks generated combined revenue of $2.1 million in February, representing a month-on-month and year-on-year decline for the state. Although sports betting handle saw a 37.5% year-on-year increase to $34.5 million last month, February’s handle was down 23.7% from the $45.2 million wagered in January 2020.

In January, regulated sportsbooks in Mississippi brought $4.6 million in revenue and in February 2019, the state took $2.8 million from sports betting operations.

Mississippi’s coastal casinos continued to lead the market in February. The MGC’s figures show that sportsbooks in the coastal region generated $955,302 in revenue after bettors wagered $22.5 million.

Casino sportsbooks in the central region came in second place after bettors wagered $4.3m on sports, leaving the venues with $619,209 in revenue. Sportsbooks at northern venues generated $531,269 in revenue after processing $7.6m in sports bets.

Currently, sports betting in Mississippi is restricted to land-based sportsbooks at licensed casinos, Mississippi Representative Cedric Burnett has revived HB 172, a bill that would authorise mobile sports betting in the state of Mississippi. Mobile sports betting apps can only be used on licensed casino property. The proposed legislation would permit state-wide sports betting via approved platforms.

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Condiciones de uso and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR