Mississippi reports revenue of $645,000 for first month of legal sports betting

Mississippi reports revenue of $645,000 for first month of legal sports betting

Friday, September 21, 2018 Posted by News Team
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Revenue comprises only partial contributions from most participating casinos

The first month of sports betting in Mississippi saw the 11 casinos to offer legal wagering generate $645,057, with the state receiving $77,401 in taxes, according to the MIssissippi Gaming Commission. 

Sports betting first went live on August 1st, at MGM Resorts’ Beau Rivage and Gold Strike Casino Resort venues . There is currently no online or mobile betting, meaning customers have to place bets in casinos, and there are only plans to allow geo-fenced mobile wagering at casinos.

Total wagers for the month amounted to $6.27m, with a gross win margin of 10.3% across all sports. With $3.30m wagered, baseball was by far the most popular sport. 

Football generated $1.33m in wagers, though this is likely to rise significantly in September following the start of the National Football League season on September 6th. 

Revenue is also likely to be boosted from full-month contributions from a number of casinos. While the two MGM Resorts properties went live on August 1st, the likes of Penn National Gaming and Boyd Gaming only launched sports betting midway through the month. 

Others, such as the Mississippi Band of Choctaw Indians’ Pearl River Resorts’ Golden Moon Hotel & Casino; the Churchill Downs-owned Harlow’s Casino Resort & Spa and Riverwalk Casino Hotel, and Golden Nugget Biloxi did not go live until September. 

Mississippi Gaming Commission executive director Allen Godfrey claimed early in September that total sports betting handle from August 1st to September 3rd was $9.8m, suggesting amounts wagered soared to over $3m for the first three days of September alone.

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