Mississippi casino revenue up in 2018 with sports betting

MGN Online

Mississippi casino revenues rose in 2018, with patronage noticeably increasing beginning in August, after the state legalized sports betting.

Posted: Jan 18, 2019 4:16 PM

JACKSON, Miss. (AP) — Mississippi casino revenues rose in 2018, with patronage noticeably increasing beginning in August, after the state legalized sports betting.

Statewide revenue rose 1.7 percent in 2018 to $2.11 billion, up $44 million from 2017, according to figures released Thursday. However, overall revenue remains far below historic highs, once adjusted for inflation, reflecting increased competition for Mississippi casinos as other states legalized gambling, as well as the effects of the recession.

Gamblers lost $185 million statewide in December, up 5 percent from December 2017.

Casinos raked in $15 million in revenue sports betting from August through December. Casino executives and regulators also say the lure of sports betting means more money lost on other casino games and more gamblers staying in casino hotels and eating in restaurants.

A May U.S. Supreme Court decision allowed states nationwide to join Nevada in legalizing sports betting. Mississippi already had a law in place to allow betting to go forward if legalized. Other states that have legalized betting include Delaware, New Jersey, Pennsylvania, Rhode Island and West Virginia. At least one tribal casino in New Mexico is also taking bets.

Mississippi collects an 8 percent tax on revenue, including casino winnings from sports betting. Local governments collect a 4 percent tax. State lawmakers this summer earmarked revenue from sports betting to the Mississippi Department of Transportation. But tax revenue is unlikely to amount to more than a few million dollars a year.

Overall, the state collected $169 million in casino taxes last year. About $1 million came from taxes on sports betting.

The 12 coastal casinos saw yearly revenue rise 3 percent to $1.23 billion, a fifth straight year of growth. Winnings rose 6 percent in December to $105 million.

The 16 river casinos posted another year of declining revenue but came close to breaking even. Winnings fell less than 1 percent in 2018 to $879 million. December revenue rose 4 percent to $80 million and revenue was up five months in a row to close the year, a sign the region's long skid may be ending. But a casino is scheduled to close in Tunica County this month and casinos there face the prospect of increasing competition from expanding gambling in Arkansas.

Numbers exclude Choctaw Indian casinos, which don't report winnings to the state.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 92432

Reported Deaths: 2792
CountyConfirmedDeaths
Hinds6931154
DeSoto535455
Harrison370771
Jackson335867
Madison319086
Rankin316174
Lee256166
Jones237678
Forrest231769
Washington216371
Lafayette205039
Lauderdale1990124
Bolivar177565
Oktibbeha174149
Lamar157733
Neshoba1529103
Panola142426
Sunflower139643
Lowndes138957
Warren137250
Leflore135380
Pontotoc121216
Pike120448
Monroe118265
Scott115925
Copiah115733
Coahoma111227
Holmes108558
Marshall107115
Grenada105035
Lincoln104953
Yazoo103529
Simpson100742
Union97724
Tate95037
Leake93735
Adams90936
Wayne87121
Pearl River85150
Marion83633
Prentiss80317
Covington79622
Alcorn76311
Newton75022
Itawamba74621
Tallahatchie74518
George74013
Winston72019
Tishomingo65336
Chickasaw64124
Attala64025
Tippah63716
Walthall59025
Clay56516
Hancock55720
Noxubee54015
Jasper53815
Clarke53138
Smith51814
Calhoun50612
Tunica47613
Montgomery45320
Claiborne45116
Lawrence42312
Yalobusha41514
Perry39417
Humphreys37215
Quitman3725
Stone34811
Greene33817
Webster32813
Jefferson Davis32311
Amite31110
Carroll31012
Wilkinson30117
Kemper28615
Sharkey26212
Jefferson2379
Benton2181
Franklin1873
Choctaw1775
Issaquena1033
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 128818

Reported Deaths: 2284
CountyConfirmedDeaths
Jefferson18772333
Mobile12975289
Montgomery8598173
Madison742275
Tuscaloosa7081114
Lee560359
Shelby557250
Baldwin503348
Marshall378442
Etowah330645
Calhoun324939
Morgan314226
Houston264422
Elmore249747
DeKalb232619
St. Clair219835
Walker219180
Talladega203426
Limestone194219
Cullman180817
Franklin173428
Dallas173226
Russell16922
Autauga166424
Lauderdale161633
Colbert158126
Escambia155424
Blount152714
Jackson148511
Chilton146327
Covington130327
Dale130043
Coffee12488
Pike11359
Tallapoosa112983
Chambers111742
Clarke104617
Marion92128
Butler90638
Barbour8247
Marengo69619
Winston68712
Lowndes64527
Pickens62814
Bibb61910
Hale61028
Randolph59112
Bullock58514
Lawrence57820
Monroe5738
Geneva5564
Cherokee54816
Washington54513
Perry5366
Clay5317
Wilcox53011
Crenshaw51931
Conecuh51711
Macon46720
Henry4594
Sumter41719
Fayette4159
Choctaw34412
Lamar3372
Cleburne3166
Greene30015
Coosa1603
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