Mississippi casinos register revenue increase

The casinos in Mississippi reported a 7% increase in June revenues when compared to 2018.

US.- The Mississippi Gaming Commission has reported the latest financial report detailing the operations from local casinos in June. The numbers reveal that the Gulf Coast gambling halls once again topped the charts during last month’s operations.

The latest figures indicate that gamblers lost US$182 million in June, which is a 7% increase when compared to the activities that the local gambling regulator registered during the same month in 2018. This number includes US$1.6 million in sports betting revenue at local casinos.

As reported by the commission, the 12 coastal casinos experienced a 12% increase in revenues during June to US$109 million, and continue a strong run that started during the Spring in 2018.

Moreover, the 14 river casinos totalled a 1% increase in revenue from June 2018 to US$72 million. Last month’s results mark the 10th consecutive increase in the past 11 months, despite the closing of Tunica County casinos in January and May.

Sports betting’s performance

Earlier this month, the commission also reported that sports betting activity in the state posted a 35.4% month-on-month increase in June, even if the amount wagered decreased 12.7% last month.

The gaming regulator said that sports betting revenue totalled US$1.6 million in June, up from the US$1.2 million registered in May. However, handle for the central, coastal and northern regions in Mississippi fell from US$17.4 million to US$15.2 million.

Once again, coastal casinos registered the biggest income and generated US$709k from US$9 million in sports bets. Revenue increased month-on-month from US$626k in May approximately, but wagers were down.

Moreover, baseball was the biggest sport at coastal casinos. This is because the Major League Baseball (MLB) is currently at one of its most important stages. Consumers bet US$5.8 million on baseball last month. Basketball was the second most popular sport as bettors wagered US$1.5 million in it.