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Mississippi betting revenue more than doubles in November


Mississippi Gaming Commission figures reveal that the state’s sports betting market has seen revenue more than double year-on-year in November, though the monthly total fell sharply from October’s record sum.

Casinos in Mississippi’s central, coastal and northern regions generated revenue of $3.8m in November, a 126.0% rise from the prior year, with amounts wagered up 26.7% to $56.4m.

As usual, the coastal casinos accounted for the majority of revenue and handle. These venues brought in $2.4m (64.3% of the market total, up 532.1% from November 2018) and $36.1m (64.1% of the total, up 30.7%) respectively. This came predominantly from betting on football, which accounted for $24.3m of regional handle, and $1.4m of revenue.

The northern casinos, meanwhile, saw handle grow 24.9% to $13.5m, thanks to increased customer activity around football, basketball and parlay cards. This resulted in revenue of $939,951.33, up slightly year-on-year.

The venues in central Mississippi, on the other hand, saw handle grow marginally, to $6.4m, and revenue fall year-on-year to $398,179.76, an 18.5% drop.

While the overall performance highlighted strong growth in the market, and indeed strong month-on-month handle growth, revenue fell from October’s record-setting $12.3m total. That month the state’s win percentage leapt to 25.60%, high above the US average.

Things fell back to normal levels in November, with a win percentage of 5.90%, resulting in a steep decline in revenue.