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Mississippi sports betting revenue slips to 12-month low in July


Sports betting revenue in Mississippi for July amounted to $2.9m, the lowest monthly total since July last year, while the US state’s handle hit a 12-month low of $30.7m.

Revenue for the month was 123.1% higher than July last year, but 9.4% lower than $3.2m in June this year and also the fourth consecutive month of decline in the state.

The large year-on-year increase was primarily due to the return to a more traditional sports calendar, with events last year having been disrupted by the novel coronavirus (Covid-19) pandemic.

Coastal casinos accounted for $1.34m of total revenue for the month, marginally ahead of central casinos on $1.28m, while the remaining $272,324 came from northern casinos in the state.

In terms of handle, while this was 288.6% higher than $7.9m in July 2020, it was also 28.8% down from $43.1m in June this year and the lowest monthly total since July last year.

Consumers in Mississippi wagered $18.9m at coastal casinos, including $8.8m om baseball, $5.2m on basketball and $4.9m on other sports.

The handle for central casinos during the month reached $6.5m, while a further $5.2m was wagered at northern casinos in Mississippi.

Players in the state remain limited to in-person betting at retail sportsbooks, though PointsBet in March 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.