Mississippi betting revenue plummets in March

Mississippi’s sports betting revenue fell sharply in the past month, after the popular National Collegiate Athletics Association (NCAA) basketball tournament was cancelled and the state’s casinos shut from March 16. 

Revenue for the month dropped 86.8% year-on-year to $648,646.60 (or 69.2% month-on-month) after the March Madness tournament, which drove customer activity in the prior year, was cancelled as a result of the novel coronavirus pandemic.

Amounts wagered declined 66.8% from March 2019, to $10.7m, which also represents a 68.8% fall from February 2020.

This was followed by the shut-down of the state’s casinos from March 16, which due to retail betting being the only legalized option in the state, effectively brought the month to a premature end.

Read more on iGB North America.