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: 115088

Reported Deaths: 3255
CountyConfirmedDeaths
Hinds7973177
DeSoto703979
Harrison522384
Jackson457884
Rankin394086
Madison383194
Lee357380
Forrest304678
Jones292484
Washington258399
Lafayette250443
Lauderdale2478135
Lamar225538
Oktibbeha202454
Bolivar201677
Neshoba1849111
Lowndes179962
Panola170040
Leflore167187
Sunflower162349
Warren154855
Monroe150673
Pontotoc147220
Marshall143129
Lincoln140157
Pike138456
Copiah137536
Scott125429
Coahoma124937
Grenada122638
Yazoo122234
Simpson121549
Union118825
Tate116839
Leake115041
Holmes114760
Itawamba113925
Pearl River113660
Adams108544
Prentiss106120
Wayne101722
Alcorn100112
George99218
Covington97527
Marion95042
Tippah90322
Newton86627
Chickasaw85526
Tallahatchie84526
Winston84121
Hancock84028
Tishomingo81241
Attala79426
Clarke75851
Clay69321
Jasper68717
Walthall63927
Calhoun62612
Noxubee59817
Smith59416
Montgomery54923
Yalobusha54514
Claiborne53716
Tunica53517
Lawrence51814
Perry49423
Carroll49312
Greene47818
Stone47514
Humphreys43816
Amite42513
Quitman4206
Jefferson Davis41011
Webster37613
Benton3416
Wilkinson33820
Kemper32615
Sharkey28514
Jefferson27610
Franklin2423
Choctaw2086
Issaquena1074
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 155915

Reported Deaths: 2674
CountyConfirmedDeaths
Jefferson23129377
Mobile16849315
Tuscaloosa10296140
Montgomery10197197
Madison928096
Shelby733863
Baldwin663769
Lee653465
Calhoun456761
Marshall438150
Etowah426551
Houston414834
Morgan412035
DeKalb338829
Elmore320053
St. Clair292542
Limestone284230
Walker277292
Talladega265335
Cullman244024
Lauderdale226242
Jackson214915
Franklin205231
Autauga204831
Colbert200532
Russell19443
Blount192525
Chilton186932
Dallas186527
Coffee176311
Dale175151
Covington174029
Escambia172530
Chambers135044
Clarke134317
Pike133513
Tallapoosa131787
Marion107629
Barbour10319
Marengo100822
Butler100740
Winston92213
Geneva9007
Lawrence85032
Pickens84718
Bibb82814
Randolph82316
Hale76730
Washington74412
Clay74112
Cherokee73314
Lowndes70928
Henry7086
Bullock64817
Monroe64610
Crenshaw60630
Perry5896
Fayette57413
Wilcox56712
Conecuh56113
Cleburne5568
Macon53420
Lamar4905
Sumter47221
Choctaw39012
Greene34216
Coosa2033
Out of AL00
Unassigned00
Tupelo
Overcast
55° wxIcon
Hi: 64° Lo: 54°
Feels Like: 55°
Columbus
Overcast
55° wxIcon
Hi: 70° Lo: 55°
Feels Like: 55°
Oxford
Overcast
50° wxIcon
Hi: 60° Lo: 49°
Feels Like: 50°
Starkville
Overcast
52° wxIcon
Hi: 66° Lo: 52°
Feels Like: 52°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather