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Mississippi sports betting market recovers in June


Revenue from Mississippi’s regulated sports betting market increased by 35.4% month-on-month in June, despite the state seeing a 12.7% decline in amounts wagered.

Sports betting revenue amounted to $1.6m (£1.3m/€1.4m), compared to $1.2m in May, but the collective handle for the state’s central, coastal and northern regions slipped from $17.4m to $15.2m, according to figures from the Mississippi Gaming Commission.

Coastal casinos were once again the main source of income, generating $709,901 from $9.0m in wagers – a win percentage for the casinos of 7.90%. Revenue was up month-on-month from $626,283 in May, but wagers were down from $11.0m.

Baseball remained the most popular sport to bet on at coastal casinos – mainly due to North America’s Major League Baseball season currently being in full swing – with consumers spending $5.8m on betting. Basketball followed with $1.5m in total wagers for the month.

Elsewhere, casinos in Mississippi’s northern region posted collective revenue of $549,847 in June off $4.3m in wagers – an increase across the board compared to May’s revenue of $260,190 and handle of $4.0m.

The gap between baseball and basketball betting was also evident in the north, with baseball ahead with wagers of $2.2m compared to basketball on $696,070.

Central casinos remain some way of the pace in terms of sports wagering after posting collective revenue of $113,920 from $823,939 in bets during June. This represents a significant fall on $305,494 in revenue and total wagers of $2.5m in May.

Betting patterns were again similar in the central region, with baseball again the sport of choice for many punters. A total of $1.1m was wagered on baseball last month, ahead of basketball with $852,527.