Sports betting revenue increases in Mississippi
The local sports betting market in Mississippi recovered in June and posted a 35.4% month-on-month rise to US$1.6 million.
US.- The Mississippi Gaming Commission has released the latest financial report, which details sports betting activity in the state. The gambling modality posted a 35.4% month-on-month increase in June, even if the amount wagered decreased 12.7% last month.
The gaming regulator said that sports betting revenue totalled US$1.6 million in June, up from the US$1.2 million registered in May. However, handle for the central, coastal and northern regions in Mississippi fell from US$17.4 million to US$15.2 million.
Once again, coastal casinos registered the biggest income and generated US$709k from US$9 million in sports bets. Revenue increased month-on-month from US$626k in May approximately, but wagers were down.
Moreover, baseball was the biggest sport at coastal casinos. This is because the Major League Baseball (MLB) is currently at one of its most important stages. Consumers bet US$5.8 million on baseball last month, while basketball was the second most popular sport as bettors wagered US$1.5 million in it.
Sports betting’s legalisation boosts casino activity
Mississippi casinos registered positive results during May operations, as gambling facilities continued a winning streak. This performance was driven by the legalisation of sports betting, which has improved numbers in the state.
The 15 casinos in Mississippi that reported their revenue figures to the commission experienced a 2% increase from May 2018 to US$74 million. May 2019 was the ninth increase in 10 months for the state, and it comes despite the closing of Tunica County casino in January.
Furthermore, the 12 coastal casinos also improved their numbers in May 2019, as they saw a 2.2% increase in revenue to US$109 million. The figure represents the sixth year of revenue growth in the area.
