Mississippi sports betting market declines in March

| By Robert Fletcher
Sports betting revenue and handle in Mississippi both fell year-on-year in March, according to new figures published by the state’s gambling regulator.

Player spending during the month amounted to $47.9m (£37.3m/€44.2m), a drop of 12.5% from $50.5m in March of 2021, but 8.1% higher than $40.9m in February this year.

Revenue from sports betting across the state reached $4.1m, down 21.2% year-on-year from $5.2m in the same month last year, though this figure was 115.8% higher than $1.9m in February 2022.

Breaking down performance by region, coastal casinos continued to lead the way in terms of both revenue and handle. The Mississippi Gaming Commission said revenue at these casinos totalled $2.2m in March, with players having wagered $31.1m.

Central casinos generated $1.5m in revenue from $9.3m in total consumers bets, while northern casinos posted $413,306 in revenue, having processed $7.5m in wagers during the month.

Basketball was the most popular sport to bet on in all regions, drawing $22.7m in bets in coastal casinos, $3.8m in central venues and $5.5m at northern locations. 

Casinos across the state had a total win percentage of 8.4% for the month, down 17.1% on the previous year.

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