Mississippi Casino Revenues Up in 2018

Chicot Memorial

JACKSON, MS (Ben Caxton) — Mississippi casino revenues rose in 2018 after the state legalized sports betting in August. Although statewide revenue rose 1.7 percent in 2018 to $2.11 billion, up $44 million from 2017, overall revenue remains far below historic highs. Mississippi gamblers lost $185 million in December, up 5 percent from December 2017. Casinos took in $15 million in sports bets after a Supreme Court decision allowed states to legalize sports betting. Mississippi collects an 8 percent tax on revenue, including casino winnings from sports betting while local governments collect a 4 percent tax. Overall the state collected $169 million in casino taxes last year with about $1 million from taxes on sports betting. The 12 coastal casinos saw yearly revenue rise 3 percent to $1.23 billion, a fifth straight year of growth as December winnings rose 6 percent to $105 million. The 16 river casinos posted another year of declining revenue but came close to breaking even. Winnings fell less than 1 percent to $879 million as December revenue rose 4 percent to $80 million. Revenue was up five months in a row, a sign the region’s long skid may be ending, although one Tunica casino is closing this month and others face competition from expanding gambling in Arkansas. The figures exclude Choctaw Indian casinos, which don’t report winnings to the state.

 


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