Sports Betting Revenue At Mississippi’s Coastal Casinos Up 8 Percent In June

Sports Betting Revenue At Mississippi's Coastal Casinos Up 8 Percent In June

Mississippi’s casinos grossed $1.6 million in revenue in June while overall wagers placed at all sportsbooks in the state was recorded $15.9 million.

The strong sportsbook performance contributed to the majority of the sports betting revenue. Coastal casinos generated $709,901 from nearly $9 million in wagers representing a 7.9 percent increase in revenue year-over-year.

Overall the gamblers in Mississippi lost USD 182 million in June which is 7 percent more than what they lost during the same period the previous year.

According to the figures posted by the Mississippi Gaming Commission, the revenue from 12 coastal casinos in June jumped by 12 percent to $109 million.

Revenue at river casinos rose by just 1 percent year-on-year to $72 million. Statewide revenue from casinos was up 4% over the last 12 months.

Baseball topped the chart in terms of wagers placed on a single sport. While $9.2 million were wagered on baseball, $2.05 million at parlay cards “other” at $1.36 million, and football at $52,307.

Earlier in June, according to the figures posted by the Mississippi Gaming Commission, the sports betting revenue fell by 42.1 percent month-on-month in May. The total revenue generated by the newly regulated sports betting market in the state could not cross the $1.2 million mark.

Last week on Thursday, the Mississippi Gaming Commission approved a new casino site in Hancock county. The approval was granted to Cure LandCompany’s proposed gaming site in Lakeshore. It is being seen as a significant development towards a new casino in the area.

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