Gambling in the USA

Mississippi casino revenue increases in 2018

Published

6 years ago

January 23, 2019

Niji Narayan

Mississippi casino revenue increases in 2018

Photo Source: gamblingsites.org

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Mississippi has recorded a 1.7 per cent rise in casino revenue when compared to the previous year. As per the results of the state gambling regulator from Mississippi, the casino revenues in the state reached US$2.1 billion.

The casino revenue from August to December from sports betting operations was US$15 million. Local media reported that casino executives say that sports betting in Mississippi translates into more money lost on other casino games and more gamblers staying in casino hotels.

Moreover, the state collected US$169 million in casino taxes last year, approximately US$1 million coming from sports betting.

The 12 coastal casinos increased their revenues by 3 per cent to US$1.23 billion, which represents the fifth consecutive year of growth. Winnings increased 6 per cent in December to US$105 million.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.