Gambling in the USA

Casino revenue of Mississippi increases in March

Published

6 years ago

May 3, 2019

Casino revenue of Mississippi increases in March

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Mississippi casinos have reported a revenue rise of 13% to $124 million in March, boosted by betting on the NCAA basketball tournament.

The only month when higher revenue was recorded was in July 2007. March is usually the peak revenue month of the year at Mississippi casinos, with gamblers spurred to the table by income tax refunds. Gamblers lost $212 million, up 5% from $201 million in March 2018.

“They saw really good numbers associated with March Madness,” said Jay McDaniel, deputy director of the Mississippi Gaming Commission.

Casino managers and state officials believe sports bettors are also spending money in casino hotels and restaurants and doing other gambling.

“Sports betting is certainly contributing the most to our increased revenue, but it is hard to put actual numbers on the non-gaming components. We do know that with those who are sports betting are staying the night, gambling, and eating at our hotel and casino,” Chett Harrison, general manager of Golden Nugget Biloxi casino, wrote in an email.

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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.