Casino revenue declines in Mississippi
Gambling facilities along the Mississippi River continue to achieve underwhelming results.
US.- The State Revenue Department released the figures that establish that casinos along the Mississippi River experienced once again a revenue decline during August operations. Meanwhile Gulf Coast gambling facilities managed to held their presence last month.
As reported by the state entity, gamblers spent US$168 million statewide in August, the number being 2 percent down from the operations during the same month the previous year, which reported US$171 million. Receipts increased less than 1 percent to US$98 million at the 12 coastal casinos, and marked the fifth month in the last six to achieve an increase.
The 16 gambling facilities across the Mississippi River reported winnings of US$70 million, a 4 percent decrease from the US$73 million reported August 2016, local media reported. Moreover, revenue was down in the state by more than 2 percent during the first eight months of the year, and one percent over the last twelve. The numbers released by the Revenue Department don’t include Choctaw Indian casinos because they don’t report their winnings to the state.
Last week, it was reported that the state is evaluating lottery operations as the possibility of expanding operations in being considered. The House Lottery Study Working Group, a special House panel that has been working on a requested study, held its second of three meetings at the Capitol last week and will meet again in October, with a final report in November, which will provide the information to house members instead of making a statement of whether Mississippi should allow lottery services or not.
