Mississippi sportsbook revenue hits $8.1m in November

Sports betting revenue in Mississippi more than doubled year-on-year in November but handle saw a slight dip.

According to the latest figures from the Mississippi Gaming Commission (MGC) sportsbooks in the state generated $8.1m in revenue in November.

November’s betting revenue was more than double the $3.8m generated this time last year, however, revenue was down 8% from the $8.8m generated in October of this year.

Although revenue was up in November, sports betting handle dropped 3% year-on-year to $54.4m. November handle was also down 11.1% from the $61.2m wagered the previous month.

How each region performed

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

Coastal casinos generated the most sports betting revenue in November, with venues in the region generating $4.4m in revenue from $35.9m in bets.

Northern casinos managed to generate $2.1m from $10.3m in bets, putting these venues in second place in terms of revenue.

Casinos in the central region managed to generate $1.6m in revenue from $8.2m in sports wagers.

Football dominates the market

Football was once again the most popular sport to bet on in Mississippi in November, with all venues in the state taking a combined $35.3m in bets. From football bets, sportsbook operators managed to generate $5.3m in revenue.

Parlay cards were another key revenue driver in November, with casinos sportsbooks generating $2.2m in revenue from $7.3m in parlay bets.

Basketball followed close behind with operators taking $2.3m in bets and holding onto $347,913.

Sportsbooks made a loss of $563,268 from $54,231 in baseball bets while bettors wagered $5.2m on “other” sports leaving operators with $803,565 in revenue.

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