Mississippi sports betting handle up 7.9% year-on-year in April

Revenue slipped 2.3 per cent year-on-year to $4.2m.
Revenue slipped 2.3 per cent year-on-year to $4.2m.

The state’s handle was $35.5m, an increase of 7.9 per cent from the same month in 2021.

US.- Mississippi’s sports betting handle was $35.5m in April, up 7.9 per cent from $32.9m in April 2021 but down 25.9 per cent from $47.9m in March. According to the Mississippi Gaming Control Board (MGCB), revenue slipped 2.3 per cent year-on-year to $4.2m, slightly higher than March’s $4.1m.

Coastal casinos generated $2.5m in revenue from $23.5m in wagers. Revenue from central casinos was $941,421, with players having wagered $6.6m. Northern casino revenue amounted to $747,476 from a handle of $5.5m.

The most popular sport in the state was basketball, with $10m of wagers placed at coastal casinos, $2m at central venues and $2.9m at northern casinos. Casinos had a total win percentage of 11.9 per cent.

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.

Saratoga Casino Holdings is the owner of Saratoga Casino Hotel in Saratoga Springs, New York, and Saratoga Casino Black Hawk in Black Hawk, Colorado.

See also: Everi Holdings signs deal with Mississippi’s Scarlet Pearl Casino Resort

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Mississippi sports betting