Sports betting revenue increased 31.4% inward MS compared to Jan of 2023. The Mississippi Gaming Commission reported monthly revenue of $6.7 million.
In increase to the year-on-year numbers in the Magnolia State, the Jan 2024 amount is wellspring in advance of the $4.9 zillion inwards revenue generated inwards December. That’s a 36.7% jump, which occurred despite players disbursal less.
The amount handgrip for the month dropped 22% to $44.6 gazillion from the $57.2 jillion in the same month utmost year. The overall throw was just shy of 15%.
Parlay win account statement for more than a 3rd of manipulator revenue inwards January. Magnolia State operators feature a account of success against the betting public when it comes to parlays. Parlays are when a punter makes multiple wagers and ties them into the same bet. Magnolia State operators feature at present posted a 20% throw or break for the 16th time inward the lastly 19 months, according to the Gaming Commission numbers.
Football is another device driver of revenue in January, with operators collecting $2.4 one thousand thousand thanks to a 15.2% win value against a $15.9 million handle. Basketball bettors fared more or less break with the house at a 7.1% throw winning operators $1.1 million.
Golf, tennis, soccer, auto racing, and mixed martial arts are covered inward a catch-all “other” category and provided nearly $940K inward manipulator revenue from $4.6 gazillion inward bets.
What About Online Sports Betting?
The modish monthly report comes as Mississippi River lawmakers consider several online sports betting bills. Currently, legal sports wagers can buoy only when live placed at licensed retail sportsbooks. But legalized online sports betting is a step closer. HB 774 cleared the House past a 97-14 voter turnout and the invoice has at present entered the State Senate.
HB 774 would legitimatise roving sports betting but require bettors to utilize online services from existing casinos. The Magnolia State Mobile River Online Sports Betting Task Force says in that location are 26 casinos in the state.
Two other measures — HB 271 and HB 625 — are also seeking to decriminalize online sports betting. This a la mode(p) legislative sue follows the empowerment of the Mississippi Online Sports Betting Task Force cobbler's last yr to “undertake a comprehensive analysis” of sports betting.
Supporters of those measures are buoyed past the recent American Gaming Association annual report that shows the sports betting manufacture posted a track record $11 1000000000000 inwards 2023 revenue.
Coastal Casino Revenue Also Climbs
Mississippi coastal casinos remain popular with bettors. About $29.1 million worth of bets were placed with retail sportsbooks inwards Jan with revenue hitting $4 million. Football topped the sue with $12 billion wagered on the sport.
It’s a trusted play those numbers are beingness watched past lawmakers and casinos. Rep. Casey Eure (R-Saucier) is the primary feather patronize of HB 774 and says “the number ane goal is to protect our brick-and-mortar buildings.”
As previously reported past Casino.org, Mississippi casinos remain at odds with lawmakers and contradict an expansion of sports betting.
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