Mississippi sports betting handle declines to $25.1m in June
Mississippi’s sports betting handle was down 14 per cent month-on-month and 41.8 per cent year-on-year.
US.- Mississippi’s sports betting handle was $25.1m in June, down 14 per cent from $29.2m in May and down 41.8 per cent from $43.1m in June 2021. It’s the third consecutive month of handle decline in the US state.
Revenue was also down for a second month at $2.1m, a drop of 34.4 per cent from $3.2m in the same month last year and 47.5 per cent from $4m in May.
Coastal casinos recorded $17.3m in wagers and $1.3m in revenue. Player spending at central casinos reached $4.5m, with revenue reaching $464,667. Northern casinos saw a handle of $3.3m and revenue of $339,142.
The most popular sport for betting was basketball, with coastal casino customers wagering $8.8m, central casino players $1.5m, and northern casino bettors $1.3m. The Mississippi Gaming Control Board noted that the state’s casinos had a collective win percentage of 8.3 per cent for June.
Although Mississippi was one of the first states to offer legal sports betting following the US Supreme Court’s repeal of PASPA in 2018, bettors can currently only wager at the state’s casinos and not online. Mississippi has 26 commercial casinos that permit retail sports betting.
Saratoga Casino to acquire Mississippi’s Magnolia Bluffs Casino
In April, Saratoga Casino Holdings 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.
