The Mississippi Gaming Commission has released its comprehensive November 2023 results, shedding light on the intricate details of sports betting and casino performance across the state. This report delves into the handle, taxable revenue, and win rates in sports wagering, as well as the gross gaming revenue (GGR) in key casino areas – Central, Coastal, and Northern Mississippi.
Sports Betting Insights:
Statewide sports wagering handle reached $62.4 million, with Coastal contributing the majority at $43.1 million.
The total taxable revenue for the state was $3.1 million, with an overall win rate of 5%.
Central’s handle stood at $12 million, generating taxable revenue of $1.1 million with an impressive win rate of 9%.
Basketball emerged as the top-performing sport in Central, boasting a handle of $3 million and taxable revenue of $289,672.
Baseball consistently underperformed across regions, registering a state-wide write of $16,546 and a revenue of -$46,233, attributed to a staggering win rate of -279%.
Regional Breakdowns:
Coastal, as the leading contributor, showcased basketball’s dominance with a handle of $23.2 million and revenue of $128,574.
Northern demonstrated strength in football, recording a handle of $3.7 million and revenue of $133,355.
Baseball woes persisted, with the sport reporting negative revenue figures in all regions.
Casino Performance Overview:
The total GGR for the month amounted to $191.6 million across Central, Coastal, and Northern areas.
This figure reflects a slight increase from October 2023 and a 2% rise in annual statistics.
Slot performance was robust, with a total handle of $2.1 billion and a win amount of $158.7 million. Notably, penny slots in Coastal led the way with $520 million in bets.
Table games exhibited a drop of $147.8 million and a hold of $25.7 million, resulting in a hold rate of 17%.
Blackjack emerged as the standout performer in all three regions, contributing significantly to the overall table game performance.
The November 2023 report from the Mississippi Gaming Commission unveils a nuanced narrative of the state’s gaming landscape. From the dynamics of sports betting to the performance of key casino regions, the data provides valuable insights into the preferences and trends shaping the industry. As sports betting continues to evolve, and casino revenues show resilience, stakeholders can use this information to strategize and adapt to the ever-changing gaming environment in Mississippi.