The second month of the year did nothing kind for Mississippi sports betting operators, even with the Super Bowl happening last month.
Mississippi sportsbooks had a 29.7% month-over-month decline in wagering handle compared to January, combined with a 65.6% drop in wagering revenue. March Madness should provide a boost this month, as Mississippi State earned its way into the Men’s NCAA Basketball Tournament and the women’s tourney has two teams, Ole Miss and Jackson State, representing the state.
The revenue story was not the same for the state’s casinos, as those figures increased compared to the previous month.
Mississippi Sports Betting, February vs. January
Breakdown Of Mississippi February Revenue
Magnolia State operators took in a total handle of $31,374,402 in February, down 29.7% from the sum of $44,631,975 for Mississippi January sportsbook revenue.
The Magnolia State’s revenue total of $2,297,096 represented a 65.6% decline from January’s sum of $6,670,920. There is no true market for Mississippi sportsbook apps statewide; patrons have to be physically inside casinos to place sports wagers.
As far as casino options (namely slots and table games), those revenues rose in February.
Mississippi gaming operators saw a 14.2% jump in slots handle (or coin in, as the Mississippi Gaming Commission calls it in its reports), from $1.918 billion in January to $2.191 billion in February. The slots win of $173.123 million was up 20.9% from the opening month of the year, when the same facilities took in $143.172 million.
As far as Mississippi casino table games were concerned, February’s handle (also known as the drop) was $153.459 million, a 0.7% increase from the month before, when the same operators took in $152.376 million. The table games revenue total rose 8%, from $26.641 million in hold the previous month to $28.759 million in February.
There was one casino that ranked as the top tourist attraction in the state as far as internet search volume. Check out our list of top things to do in Mississippi to find out which one.
