Mississippi sports betting revenue doubles in December

Sportsbooks in the state of Mississippi saw sports betting revenue double in December.

According to the latest figures from the Mississippi Gaming Commission (MGC) bettors in Mississippi wagered $55.3m on sporting events in December, up slightly on the $54.4m wagered in November.

Sportsbooks in the state managed to generate $7.8m in revenue which marked a slight drop on the $8.1m generated in November.

December’s figures also marked a significant increase on the $49m wagered and the $3.5m generated in December 2019.

How each region performed

The MGC places Mississippi’s casino sportsbooks into three different categories based on their location – coastal, central, and northern.

Mississippi’s coastal venues continued to dominate the market after generating $4.9m from $37.6m in bets.

Casinos in the central region processed $8.9m in sports bets and managed to generate $1.7m in revenue.

Northern casino sportsbooks took third place after generating $1.2m from $8.8m in wagers.

What did people bet on?

When it comes to individual sports football continued to dominate the sports betting landscape in Mississippi.

Bettors in the state wagered $27m on football events and contributed $3.2m to the state’s total betting revenue in December.

Sportsbooks in the state processed $15.1m on basketball events, generating $1.2m in revenue for sportsbooks.

Bettors wagered $8.2m on parlays which in turn generated $2.5m in sports betting revenue for casinos in the state.

Mississippi bettors wagered $5m on “other” sports leaving operators with $791,849 in revenue.

Mississippi to consider new legislation

Mississippi was one of the few states to legalize sports betting in 2018. In 2017, the state repealed a section of its law that prohibited sports betting and began work on forging sports betting regulations. Once the Supreme Court repealed the Professional and Amateur Sports Protection Act (PASPA) in 2018, Mississippi went on to launch sports betting operations in August 2018.

Currently, sports betting in Mississippi is restricted to land-based sportsbooks at licensed casinos.

However, lawmakers are considering new legislation that would permit online sports wagering.

The proposed legislation SB 2396 was introduced by Senator Scott DeLano and would allow land-based casinos to launch an online betting product. The measure is currently being considered by the Senate Committee on Gaming.

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