Mississippi Gaming Commission (MGC) released its latest report on the state’s February 2023 revenue numbers.
As the commission reports, the sports betting handle in Mississippi fell again in February. The state also noted a month-over-month and year-over-year decline. However, the state’s sports betting revenue is nearly 60% up year-over-year.
Legal sports betting is currently restricted to Mississippi casinos only.
Mississippi casinos generate $211.6 million in monthly revenue
The Mississippi Gaming Commission reports revenue numbers separated into three categories: central, coastal and central casinos.
Here’s a closer look at Mississippi casino revenue totaled up by region:
- Central casinos: $29.5 million
- Coastal casinos: $134.3 million
- Northern casinos: $47.7 million
In total, that’s $211,567,011 in gross gaming revenue in February. Just a slight increase from January when Mississippi casinos generated $206.4 million.
Coastal casinos in Mississippi generate the most revenue
- Coastal casinos posted the most at $1.71 million in revenue from $26.0 million in betting handle.
- Central casinos reported $1.07 million in revenue from $8.59 million in bets.
- Northern casinos came in at $359,819 in revenue from a $5.1 million in handle.
Basketball was the most popular sport among Mississippi bettors, with a handle of $23.3m.
Overall, the state’s 38 casinos reported $39,807,504.26 in handle with a $3,143,541.34 in revenue.
Mississippi sports betting handle trending down
Mississippi sports betting handle in February was $39.8 million, a 2.7% drop from the $40.87 million generated in February last year. The figure is also a 30.4% drop from $57.2 million in January 2023.
When it comes to Mississippi’s gambling revenue, the state reported an over 60% year-over-year increase to $3.14 million. In February 2022, the state’s gambling revenue was $1.89 million. But the monthly revenue figure is still 39% less than the $5.1 million reported in January.