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Mississippi sports betting revenue down 28.7% in October


The Mississippi Gaming Commission has reported a 28.7% year-on-year decline in sports wagering revenue in October, despite the state’s handle increasing by 27.5%.

Revenue for the month amounted to $8.8m, down from $12.3m in October 2019, but 33.3% higher than $6.6m in September of this year.

Consumer spending was up from $48.0m in October last year to $61.2m, with this total also 17.2% higher than the $52.2m staked during September.

Coastal casinos were again by far the main source of sports betting income for the state, with revenue from these properties amounting to $5.3m.

Players spent $41.2m on bets at coastal casinos, including $25.4m on football, $5.8m on baseball and $1.6m on basketball. Some $4.9m was also spent on other sports and $3.5m on parlay bets.

Revenue from northern casinos reached $1.8m in October after players wagered $12.2m on sports. Football was again the most popular sport, attracting $8.6m in bets during the month, ahead of baseball on $1.7m and basketball with $463,638.

Central casinos generated $1.7m in sports betting revenue, with players having wagered a total of $7.8m. Football accounted for more than half of wagers, with total betting spend on the sport standing at $4.5m for October.