NFL kick-off sees Mississippi sports betting revenue leap to $5.5m

NFL kick-off sees Mississippi sports betting revenue leap to $5.5m

Tuesday, October 23, 2018 Posted by News Team
American Football
All revenue generated from on-premises wagering

The second month of legal sports betting in Mississippi was significantly boosted by the beginning of the National Football League (NFL) season, with taxable revenue rising to $5.5m.

Revenue for September soared from the $645,057 generated in August, according to the Mississippi Gaming Commission, with the state’s bettors wagering $31.8m at its land-based casinos.

All stakes were placed in-person, with legislation only allowing geo-fenced mobile bets to be placed by customers on casino premises. To date no operator has launched this limited form of mobile wagering. 

The state benefitted from a number of sportsbooks launching in the period, with 23 of the state’s casinos allowing players to place bets by September 30th. Magnolia Bluffs Casino has since joined the fray, going live on October 19th. 

The vast majority of sports betting revenue came from football, which accounted for $3.98m of the total, followed by $1.48m from parlay betting, and $178,358 coming from other sports. 

Wagering on baseball and basketball did not prove as popular, with each sport posting a loss of $2,001 and $114,122 respectively. 

For the month, total tax of $660,000 was generated, with $440,303 going to the state and $220,151 to local authorities. This vastly improves on the $77,401 tax take for August.

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