Sports betting revenue dropped year-over-year but the total handle increased.
US.- Despite major year-on-year increases in sports betting revenue in various US states, Mississippi’s revenue dropped 28.7 per cent in October 2020 when compared with the same month last year.
Total revenue reached $8.8m, a quarter less than the $12.3m collected in October 2019, although revenue did rise by 33.3 per cent from the $6.6m generated in September this year.
Last month Hurricane Sally closed down twelve of Mississippi’s coastal casinos due to fear of flooding. Coastal casinos are usually the main source of revenue for the state and brought in $5.3m in October.
Despite a drop in revenue year-over-year, the sports betting handle in the Magnolia State rose from $48m in October last year to $61.2m.
Football took the lead as the sport most bet on, with more than $38.4m wagered. Baseball came next with $7.9m in bets placed in October.
Meanwhile, the gambling industry in Mississippi continues to grow with plans for a new $1.2bn music-themed casino resort in Biloxi announced last month.