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Mississippi Casino revenues up in 2018 with Sports Betting

Mississippi Casino revenues rose in 2018, with Patronage noticeably increase beginning in August, after the state legalized sports betting.

Overall revenues rose 1.7 percent in 2018 to $2.11 billion, up $44 million from 2017, according to figure released by 2017.

Gamblers lost $185 million statewide in December, up by 5 percent from December 2017.

Casino Raked in $15 million in revenue sports betting from August through December. Casino executives and regulators also say the lure of sports betting means more money lost on other Casino games and more gamblers staying in casino hotels and eating in restaurants.

Mississippi collects an 8% on tax revenue, include casino winnings from Sports betting. Local government collects a 4% tax. State Lawmakers this summer earmarked revenue from Sports betting to the Mississippi Department of Transportation.

The 12 coastal casinos saw yearly revenue rise 3 percent to $1.23 billion, a fifth straight year of growth. Winning rose 6 percent in December to $105 Million.

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About the author

Kevin Kaostricks

Kevin Kaostricks

Kevin takes care of round the clock updates on Casino Buzz. He is based out of Rochester. He can be reached out at kk@casino.buzz

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