The Mississippi Gaming Commission (MGC) has unveiled promising figures for July, showcasing the resilience of the state’s gaming industry. With revenue from poker, slots, and table games reaching $218.5 million, there’s a notable 3.5% year-on-year increase compared to July 2022 ($211 million) and a substantial 10% rise from June 2023 ($198.1 million).
Regional Breakdown:
Breaking down the revenue by region, coastal casinos led the way with a robust $143.1 million in July. Northern casinos contributed $48.3 million to the overall figure, while central casinos generated $27 million. The cumulative revenue for the first seven months of the year amounted to an impressive $1.47 billion, underlining the sustained momentum in Mississippi’s gaming sector.
Sports Betting Dynamics:
In the realm of sports betting, Mississippi reported a sports betting handle of $17.7 million in July. While this reflects a 3.3% decrease from the previous year’s July handle of $18.3 million, it also marks a more substantial 13.2% decline from June 2023’s figure of $20.4 million. Notably, July’s sports betting handle stands as the lowest monthly total of the year thus far.
Sports Betting Revenue:
On the revenue front, sports betting in July yielded $2.5 million, mirroring the same figure from July 2022. However, it represents a significant 38.9% increase compared to the total for June 2023 ($2.5 million). This upward trajectory in sports betting revenue highlights the dynamic nature of the sector, with July proving to be a fruitful month despite the decline in handle.
Mississippi’s gaming industry continues to showcase robust performance, with July’s revenue figures reflecting both year-on-year growth and a substantial uptick from the previous month. The regional breakdown underscores the diverse contributions from coastal, northern, and central casinos, collectively propelling the state’s gaming revenue to impressive heights. Additionally, while sports betting witnessed a dip in handle, the resilience in revenue signals the industry’s adaptability to changing trends. As Mississippi’s gaming landscape evolves, these figures provide valuable insights into the sector’s ongoing vitality and potential for sustained growth.