The Mississippi Gaming Commission (MGC) has reported the financial information from September operations. During last month’s activity, sportsbooks in the state registered an increased sports betting handle, which rose 19.2% to US$37.9 million.
September’s handle exceeded US$37.8 million, which is the highest figure for Mississippi in 2019. During the previous eight months, the state averaged US$22.2 million in sports betting handle. September 2019 also became the second most profitable month in Mississippi’s sports betting’s history, only behind December 2018.
Of the US$37.8 million in handle the sportsbooks totalled US$5.6 million in revenue before sending US$$50k to the state government and US$225k to the cities that host the sportsbooks.
The MGC said that the coastal region is still the largest source of handle and revenue, with US$25.4 million wagered and a 14.7% rise from 2018. The percentage win declined to 13.9%, therefore making revenue fall 10.2% to US$3.5 million.
The facilities registered US$9.9 million in sports bets in August, a 48.5% improvement from July. Bets on football rose 792% from July to US$6 million and 152% from August 2018 to US$1.8 million. Handle also posted a significant improvement of 347% year-on-year. The kick-off of the college sports season fueled Mississippi’s sports betting industry in August.
The majority of the bets took place in coastal casinos, which registered US$13 million and obtained US$1.8 million in revenue. Approximately 65% of the bets were placed at the Coastal region in Mississippi.