Home NewsSports Betting Mississippi’s sports betting revenues drop 8.8% in April to $3m

Mississippi’s sports betting revenues drop 8.8% in April to $3m

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Mississippi’s sports betting revenue for April was $3.1m ($2.7m/£3.1m/EUR3.1m), down 8.8% compared to March.

The sports betting revenue reported in Mississippi in April was down 27.9% from the $4.4m revenue recorded in the same period last year.

The total handle was $34.3m. It was down 22.9% from the bets of $44.5m made in March. It was still 7.9% higher than the $31.8m figure for April 2023.

Mississippi’s casinos on the coast again led in terms of bet placement, with $1.5m reported in revenue, and $23.6m handled.

The central casinos generated $1.2m revenue from $6.6m of bets. Northern casinos reported revenue and handle of $402,880 and $4.1m respectively.

What sport do they bet on in Mississippi?

Basketball and baseball, which were popular in April, are the sports most bet on at Mississippi casinos. The NFL season ended last February.

The coastal casinos generated $1.3m of revenue from baseball, which was the second most popular game. The casinos reported losing $525,117 on basketball wagers worth $8.6m.

Parlay-card revenue was $908,108, with basketball and baseball bringing in $220,331 and $48,922 respectively. The total revenue from parlay cards was $908 108. Basketball and baseball revenues were $220 331 and $48 922 respectively.

Mississippi bill to legalize online sports gambling dies in committee

A bill to legalize online sports betting was killed in Mississippi’s conference committee on 29 April. The HB 774 bill would have permitted up to thirty online betting platforms, if they had been tied with casinos. The tax rate was also set at 12%.

Despite the fact that the House approved HB 774 back in February, it never made it to the Senate.

After the Professional and Amateur Sports Protection Act was repealed in May 2018, Mississippi is now the third US State to offer legal sports betting.

It appears that online gambling will only be available at land-based casino sites and mobile on site for the near-future, even though three of four bordering states offer it.

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