Mississippi sports betting revenues double

The state of Mississippi’s sports betting revenue increased by more than 113 per cent year-on-year in November despite a lower handle.

US.- For the month of November, Mississippi’s sports betting revenues more than doubled compared with the same month last year.

Total sports betting revenues came to $8.1m, a 113.2 per cent increase from the $3.8m generated in November 2019. The number was behind the record-breaking figures for October 2020, when total revenue reached $8.8m.

Coastal casinos were the main source of revenue, generating $4.4m.

Despite the year-on-year increase in revenue, November’s $54.4m handle was 3.4 per cent down on the $56.4m handle reported in the same month in 2019.

Football, both college and NFL, was the most bet on sport last month, with a total of $39.5m wagered on games. 

Meanwhile, the Mississippi Supreme Court has rejected a casino proposal this week from Ray Wooldridge, the former owner of the New Orleans Hornets NBA team.