The arrival of sports betting in the US state of Mississippi may be having a negative impact on the state’s casinos, according to the latest figures

According to figures produced by the Mississippi Revenue Department, revenue for the casinos dropped in November, marking the first decrease in casino gambling takings since sports betting was legalised in the state. Mississippi was one of the first states to regulate for sports gambling following the Supreme Court decision in May, which effectively legalised the industry nationwide.  

Sports betting began in the state in August, making it one of the first outside Nevada to accept wagers on sports events. But the latest figures suggest that the new industry could be impacting on the long-established casino sector in the state.  

According to the new figures, gamblers lost $160 million betting in Mississippi casinos in November, marking a drop of just under 1 percent from the figure of $161 million in November 2017. Of that number, $1.6 million was lost on sports bets. Receipts at the state’s twelve coastal casinos fell to $92 million, which is down 2 percent from the previous year.  

But there was better news for Mississippi’s river casinos. The sixteen river venues in the state produced winnings of $67 million, which is a rise of 2 percent on November 2017. The figures don’t include profits recorded by the various Choctaw Indian casinos, which are not obliged to report their takings to the Mississippi state authorities.  

Image sourced from Pixabay.

Published by Ian Harrison

Ian has been writing for various online publications for nearly a decade. Aside from writing about the latest happenings in the gambling world he is a keen runner and loves travelling. Contact him at ian@bettingreporter.com.

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