Mississippi sports betting hold down almost 9 percent year-over-year in October

Friday, November 22, 2024 12:50 PM
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  • Mississippi
  • Mia Doyle, Special to CDC Gaming

Mississippi bettors wagered $48.6 million on sports in October, data from the Mississippi Gaming Commission showed, down 1.9 percent from $49.5 million in October 2023.

Hold dropped to 5.9 percent from 14.8 percent last October, and it was the second consecutive monthly revenue decline, after a drop in September. Revenue came to $2.9 million, down 61 percent from $7.3 million in October 2023.

Parlay and football bets contributed most to the revenue total, collecting close to $1 million each.

Sportsbooks in all three regions of Mississippi reported a drop in hold and revenue compared to October 2023. Northern venues saw the largest revenue difference of 75 percent. Central Mississippi faced a 73.2 percent drop in revenue, while coastal venues collected 52.8 percent less year-on-year.

The MGC also reported that the state’s land-based casinos collected $193.4 million in revenue last month, bringing year-to-date revenue above $2 billion. Casino revenue was up 1.5 percent from September and 1.2 percent compared with last October when casinos generated $191.1 million.

 

Mia Doyle is a news writer for Major League Content, covering the latest stories across the casino and sports betting industry. Mia’s specialties include US gambling business, casino technology, and legislation news. Mia also likes to write about responsible gambling and social responsibility.