Mississippi betting revenue down 42.1% in May
Mississippi’s regulated sports betting market has posted another month-on-month decline, with total revenue down 42.1% to $1.2m in May.
Total handle across the state’s northern, coastal and central regions fell 9.1% to $17.4m, with market hold declining from 10.72% in April to 6.84%, according to figures from the Mississippi Gaming Commission.
As usual, the bulk of revenue and handle was generated at the coastal casinos, which accounted for $11.0m - 62.9% - of amounts wagered and $626,283.15, or 52.5%, of revenue. However, handle was down 7.4% month-on-month, and revenue fell 44.2%.
Punters in the region staked $5.6m on baseball, with the Major League Baseball season running until September 29, though a weak 3.85% hold saw casinos generate revenue of $215,881.16. Basketball also proved popular in May, with the National Basketball Association playoffs taking place during the month, resulting in $3.6m in stakes and revenue of $251,690.11.