Mississippi sports betting revenue reached $44.5Million for March 2024. This figure was down 4.7% compared to March last year.
Mississippi Sports Betting Revenue
However, it was a huge 41% ahead of February 2024. The vast majority of sports bets were placed on basketball in the Magnolia State.
Unsurprisingly, March Madness took centre stage. Casinos based on the coast took $30.2m in bets and generated $1.9m in revenue.
Just over $20m of that was from basketball bets. Casinos based centrally in the state took $8.9m in bets and just under $1m in sports betting revenue.
Once again, basketball was the favored sport of choice – taking $4.5m. Bettors spent $5.5m in casinos based in the north of Mississippi. Revenue was record at $468,058.
Basketball bets generated $3.7m in bets with revenue at $249,668. Early indications suggest the Mississippi sports betting handle for April 2024 could surpass last month.
Online Sports Betting In Mississippi
Online sports betting in Mississippi was legalized in August 2018. However, bettors are only able to place online wagers on casino grounds.
There are 26 brick-and-mortar casinos for residents of Mississippi. The majority of these casinos have sportsbooks that provide in-person sports betting.
A handful of them have their own apps whereby players can place sportsbook bets of their choice. In early April 2024, the Mississippi Senate Gaming Committee voted to pass House Bill 774.
This would mean that residents aged over 21 can legally place sports bets from anywhere in the state using desktop and/or mobile devices.
However, time is running out, with the legislative session due to conclude on May 5. With the clock ticking, sports betting enthusiasts in Mississippi will want a positive outcome.
The idea would be for sports betting platforms to partner with a Mississippi-based casino. A 12% tax has been touted if it does come to fruition. This would cater for a statewide emergency road and bridge repair fund.
If, online sports betting is legalized – there will also be enough money to go back into the education system and towards public services as well.
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