$9.8 Million Wagered on Sports in Mississippi's First Month

In its first month of legalized sportsbetting, punters wagered $9.8 million on the activity within the state of Mississippi.

The numbers were revealed by the Mississippi Gaming Commission, who said that the activity has proven to be relatively popular in the Magnolia State. The Beau Rivage Casino in Biloxi and Gold Strike in Tunica launched the service on August 1st, and 18 other casinos launched the service since that time. The revenue includes both winning and losing bets, so exact casino revenues weren't available as of press time.

Numbers will likely increase throughout the fall, as football betting gets underway. The sport is wildly popular in the state, especially NCAA football, which has six Division I teams within its borders.

The state taxes sportsbetting revenues at a rate of 12%, so we won't know the full revenues or the amount that the state is hauling in until later in September. Of course, we'll be keeping an eye on the numbers and reporting them to CL readers as we learn more.

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bgsharpe
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14 September 2018 - 11:27am
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Seems to me that's a huge revenues in the first month of the activity but it would probably gets even higher in the next months because of the facts Dustin shared in the article - 6 NCAA Mississippi teams plus the start of the NFL season.