Mississippi casino revenue drops in 2017
During 2017, Mississippi casinos experienced a US$40 million revenue drop to US$2.08 billion – 2 per cent less than 2016.
US.- Gulf Coast casinos reported a good performance last year, recording a small revenue increase. They couldn’t however overcome the state-wide downward path, as the whole industry experienced a 2 per cent drop from 2016.
During 2017, total casino revenues reached US$2.08 million – down US$40 million from the 2016 performance. Despite a slight improvement in December – with gamblers losing US$176 million state-wide (up 3 per cent from 2016’s US$171 million) and the 12 coastal casino recording a nearly 1 per cent growth to US$1.19 billion – the industry still underperformed.
Mississippi’s poor year was led by the 16 river casinos, which have been on a losing streak since 2007. The segment recorded a 5 per cent slump and posted revenue of US$885 million. It performed a little better during December, only dropping 1.4 percent to US$77 million.
The magnolia state is estimated to be the sixth-largest gambling state in the US – including the Gulf Coast – taking the eighth spot among casino markets nationwide. It may, however, lose ground if this streak continues.
