If September was a month to remember, October was a month to forget for Mississippi’s casino and sports betting revenue.
This past month, casinos generated $191.1 million in revenue, down 9.0% over the previous month and 7.4% compared to October 2022, according to data from the Mississippi Gaming Commission.
Sports betting revenue took a small dive, too, dipping 9.8% month-on-month and 4.5% year-on-year.
Mississippi casino revenue hits lowest in more than two years
Across the board, the state’s three gaming regions saw their gaming revenue in October fall from $210.0 million in September to $191.1 million. This is the lowest total since February 2021, as shown on the Mississippi Gaming Commission’s October report.
While the total revenue from Mississippi casinos was alarmingly low, there was nothing surprising about an October revenue drop. In four of the past seven years revenue has dropped from September to October.
Sports betting sees monthly and yearly drop
After a booming September, Mississippi sports wagering revenue returned to reality in October, posting losses on a monthly and yearly basis.
Yet the drop was understandable, as Mississippi’s September gaming revenue total was incredibly high. For example, September’s revenue for the state’s sportsbooks generated was more than June, July, and August combined.
October’s revenue and handle ranked second to September this year.
|Month||Total Sports Betting Handle||Month-on-Month Change||Total Sports Betting Revenue||Month-on-Month Change|
On a region-by-region basis, Mississippi’s central and northern regions saw their revenue jump around $540,000 compared to September, but their gains weren’t enough to balance out the $1.3 million monthly decline that the coastal region tallied in October.