Mississippi sports betting market underperforms
The sports betting market in Mississippi suffered a setback in July and registered a month-on-month decrease to US$1.2 million.
US.- The Mississippi gambling regulator has released the latest financial report detailing operations from July. During last month’s operations, the regulated sports betting market in Mississippi suffered a setback when compared to the previous month.
As revealed in the report, total handle in Mississippi facilities fell to US$13.8 million. Revenue at coastal, central and northern casinos was approximately US$1.2 million, which is a 35.2% fall from what the facilities registered in June. Win percentage during last month’s operations was 7.8%.
Coastal casinos were once again the best region in Mississippi. Over 54% of revenue came from coastal casinos, despite registering US$568k in total sports betting revenue, which represents a 19.9% decline from June’s US$709k.
Moreover, the regulator said that punters bet over US$8.6 million, approximately US$300k less than June’s US$8.9 million.
June results
The gambling modality posted a 35.4% month-on-month increase in June, even if the amount wagered decreased 12.7%.
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.
