Analysis

Mississippi enjoys 17% sports-betting rise

Mississippi players bet a total of $52.2m on sports during September, a rise of 37.7% on the previous year.

It also represented an increase of 28.9% on the $40.5m bet in August.

The state also increased its revenues by 17.9% year-on-year, from $5.6m to $6.6m during September. This represented a 78.4% monthly increase on the $3.7m posted in August this year.

Mississippi is currently in T17th position on the Wedge Index rankings.

The state has regulated sports betting across its 24 land-based casinos but does not permit online betting or remote registration. 

This continues to hold it back when it comes to climbing up the index.    

Major sports leagues return

In common with other states across the US, Mississippi benefited from the return of major sporting leagues.

The National Football League returning in early September was a particular bonus.

Players wagered a total of $33.9m at the state’s coastal resorts, including $15.1m on football.

The casinos in the area recorded revenues of $2.1m from betting on the NFL.

Coastal casinos remained the main source of sports betting income in September. Betting revenue across all sports at those venues reaching $3.8m, more than the state’s total revenue for the same month last year.

Basketball recorded stakes of $6.9m but the casinos lost $219,142 from these wagers and $4.3m worth of bets on baseball, which led to $1.1m in revenue.

Regional breakdown

Casinos in the northern part of the state took $11.7m on sports-betting during the period, with football once again attracting most bets.

These totaled $4.8m and led to $835,232 in revenue for the sports betting brands.

Central casinos posted $909,089 in sports betting revenue from $6.6m in wagers for the month.

Consumers spent $2.4m on football betting, leading to $205,869 in revenue for operators.

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