Mississippi Sports Betting: State Records $56.2M in Wagers in October

Mississippi Sports Betting: State Records $56.2M in Wagers in October

Mississippi Sports Betting Handle Rises in December

In October, sports gamblers in Mississippi wagered a total of $56.2 million. This demonstrates a notable month-over-month improvement but is still behind the results of 2021.

These numbers are better than September’s but still reflect a drop year-over-year. Coastal casinos continue to be the most popular sports betting locations.

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Bettors Wagered $56.2M on Sports Events

In October, wagers from the Magnolia State contributed $56.2 million to the total amount wagered on sports. This indicates a 32.7% reduction year-over-year. 

In October 2021, the sports betting business in Mississippi achieved a whopping $83.5 million in sports betting transactions. As a result of the reduced handling, sports betting providers in the country also saw year-over-year income decreases. 

Overall, bookmakers in the state earned 15.4% less than they did the previous year, closing the month with $7.7 million in revenue.

The latest figures demonstrate a substantial rise (30.4%) compared to September 2022’s $43.1 million. However, increased win percentages resulted in decreased revenue, leaving bookmakers with only $7.7 million for the time. This also marks a monthly decline of 12.5%. In October, 13.7% of gamers who wagered were victorious.

The Most Popular Casinos Are On The Coast

Additionally, Mississippi reported that beachfront casinos are constantly more popular than their rivals. According to statistics, these establishments made $35.8 million, which represents around 64 percent of all wagers. Consequently, coastal casinos earned a total of $3.9 million.

In contrast, central casinos only accepted $11.8 million in wagers and generated $2.3 million in income. Finally, northern casinos handled $8.6 million in sports wagers. 

The northern venues are less popular than their counterparts in the center and along the coast, as seen by their $1.5 million in reduced revenue.

When examining the most popular sports, it is unsurprising to find that football continues to lead the pack. As a result of the excitement around the start of the new National Football League season, coastal sports betting providers handled $21.7 million in NFL wagers. 

This represents sixty percent of the entire wagering handle at coastal properties. The NFL handle for coastal and northern casinos was $5,4 million and $4,7 million, respectively, which is a comparable percentage.

The amount wagered on sports in Mississippi has fluctuated throughout the past few months. In the four months ending in July, the handle continued to decline due to seasonal trends. Beginning in August, the number of transactions increased steadily until October.

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.