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Mississippi sports betting revenue rockets 707.4% YoY in March


The Mississippi Gaming Commission has reported a 707.4% year-on-year increase in sports betting revenue in March, with players having spent 372.0% more on wagering during the month.

Revenue in March amounted to $5.2m, up from $648,647 in the same month last year, though the 2020 figures were impacted by the novel coronavirus (Covid-19) pandemic.

Mississippi casinos were forced to temporarily close in the middle of March last year, while sports betting options were also limited by the cancellation and postponement of sporting events around the world.

Revenue in March was also 13.0% higher than the $4.6m posted in February of this year.

Consumers in the state wagered a total of $50.5m on sports during March, compared to $10.7m in the same month last year, and 5.7% higher than $47.8m in January this year.

Coastal casinos were again the most popular with players in Mississippi, turning $3.1m in revenue from $33.4m in wagers placed at their retail sportsbooks.

Revenue at central casinos amounted to $1.4m, with players placing $10.1m in bets, while northern casinos reported $729,741 in revenue from $7.1m in bets.

For the year to date, sports wagering revenue in Mississippi reached $18.9m, with players having spent a total of $166.0m betting on sports across January, February and March.

Mississippi is currently limited to land-based, retail sports betting, though PointsBet last month was granted access to online betting in the state, when it regulates online gambling, via an extension of its market access agreement with Penn National Gaming (PNG).