Mississippi sports betting handle declines for fourth consecutive month
Mississippi’s sports betting handle was $18.3m in July, down 27.1 per cent compared to June.
US.- Mississippi sports betting handle was $18.3m in July, down 27.1 per cent from $25.1m in June, marking a fourth consecutive month with a decline. The handle was also down 40.4 per cent year-on-year, from $30.7m in July 2021. Revenue increased by 19.5 per cent month-on-month to $2.5m, but this was 13.8 per cent behind the $2.9m reported in July 2021.
Coastal casinos recorded $11.4m in bets and reported $1.5m in revenue. Player spending at central casinos reached $4.1m with revenue amounting to $481,362. Northern casinos took $2.8m in wagers and posted $513,693 in revenue.
The most popular sport for betting was baseball, with consumers wagering $6.5m at coastal casinos, $1.9m and central casinos, and $1.6m at northern casinos.
Saratoga Casino to acquire Mississippi’s Magnolia Bluffs Casino
Saratoga Casino Holdings has entered into a definitive agreement with Casino Holding Investment Partners to acquire Magnolia Bluffs Casino in Natchez, Mississippi. The operation is subject to regulatory approvals and other customary closing conditions.
Magnolia Bluffs Casino Hotel is located on the Mississippi River. It opened in 2012 and offers over 450 slot machines, 14 table games, and a sportsbook. It also has a restaurant and bar, and a 141-room hotel.
