Mississippi sports betting revenue drops in April
As well as many other states, Mississippi sports betting revenue was down 58% in April to US$2.1 million.
US.- March Madness boosted the sports betting segment during the third month of 2019. However, April’s figures were disappointing nationwide, in contrast with a most successful month. Mississippi sports betting was no exception, as revenue was down 58% to US$2.1 million.
Revenue came from the US$19.2 million wagered statewide, down 40.8% from the previous month.
Mississippi coast casinos led the market as punters wagered US$11.9 million (61.8%) to reach US$1.1 million in revenue.
Revenue in March
Mississippi sports betting has boosted casino revenue to a 13% growth in March 2018. According to figures released this month, figures reached US$124 million.
“They saw really good numbers associated with March Madness,” said Jay McDaniel, deputy director of the Mississippi Gaming Commission. The commission has yet to conduct a formal study of the impact of sports betting, but McDaniel said there’s little doubt what’s driving the trend, with casinos statewide up nearly 4% in the past 12 months. “We figure that it’s got to be sports betting,” he said.
Casino managers and state officials believe sports bettors are also spending money in casino hotels and restaurants and doing other gambling.
“Mississippi sports betting is certainly contributing the most to our increased revenue, but it is hard to put actual numbers on the non-gaming components,” Chett Harrison, general manager of Golden Nugget Biloxi casino, wrote in an email. “We do know that with those who are sports betting are staying the night, gambling, and eating at our hotel and casino.”
