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.

Cases: 307519

Reported Deaths: 7096
CountyCasesDeaths
DeSoto20784248
Hinds19894408
Harrison17493302
Rankin13316275
Jackson13099243
Madison9896210
Lee9859169
Jones8293160
Forrest7523146
Lauderdale7189237
Lowndes6265144
Lamar610784
Lafayette6028117
Washington5280132
Bolivar4770129
Oktibbeha455297
Panola4442103
Pearl River4420139
Warren4281118
Marshall4273100
Pontotoc416472
Monroe4057132
Union403775
Neshoba3988176
Lincoln3871108
Hancock372185
Leflore3468124
Sunflower329389
Tate322781
Pike3181104
Scott310572
Yazoo304368
Alcorn297764
Itawamba296876
Copiah293065
Coahoma289677
Simpson287484
Tippah284868
Prentiss275659
Marion265979
Wayne261341
Leake261173
Grenada254982
Covington254580
Adams245982
Newton244859
George237847
Winston225981
Tishomingo222067
Jasper219748
Attala213373
Chickasaw204857
Holmes186471
Clay182454
Stone179131
Clarke176876
Tallahatchie175540
Calhoun163230
Yalobusha158836
Smith158634
Walthall130543
Greene129433
Lawrence126323
Noxubee125933
Montgomery125542
Perry125138
Carroll120826
Amite120141
Webster113432
Jefferson Davis105432
Tunica102525
Claiborne101330
Benton97225
Kemper95226
Humphreys94332
Franklin81923
Quitman78916
Choctaw72817
Jefferson64828
Wilkinson64727
Sharkey49617
Issaquena1686
Unassigned00

Alabama Coronavirus Cases

Cases: 519071

Reported Deaths: 10712
CountyCasesDeaths
Jefferson754131487
Mobile37774798
Madison33868494
Tuscaloosa25283443
Montgomery23969565
Shelby23112238
Baldwin20638300
Lee15524165
Calhoun14286311
Morgan14140268
Etowah13664345
Marshall11957219
Houston10383278
Elmore9994200
Limestone9814147
Cullman9475188
St. Clair9429234
Lauderdale9218227
DeKalb8747181
Talladega8060171
Walker7092275
Jackson6755110
Autauga6727103
Blount6488135
Colbert6205130
Coffee5401112
Dale4768110
Russell428938
Franklin419982
Chilton4083109
Covington4053114
Tallapoosa3893146
Escambia388074
Dallas3527149
Chambers3500122
Clarke346360
Marion3066100
Pike305875
Lawrence295395
Winston272372
Bibb256458
Marengo248661
Geneva245875
Pickens232959
Barbour224955
Hale218775
Butler212366
Fayette208960
Henry187844
Cherokee182044
Randolph176941
Monroe171540
Washington164038
Macon154848
Clay149454
Crenshaw149357
Cleburne146041
Lamar139334
Lowndes136453
Wilcox124327
Bullock121340
Conecuh109028
Perry107926
Sumter102932
Coosa99328
Greene90734
Choctaw58724
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