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Mississippi Casino Revenue Rebounds in November

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Mississippi Casino Revenue Rebounds in November

After a rough October that saw revenue losses across the state, Mississippi casino revenue rebounded in November with substantial gains. The latest figures from the state Revenue Department show a four percent year-over-year increase in gambling revenue for the month.

Gambling halls along the Mississippi River have been in decline for the past several months. The losses were minimized in November, helping the state earn $161 million in gaming revenue. Revenues were down two percent among Mississippi’s 16 river casinos compared to November 2016, to $66 million.

However, revenues were up 8 percent year-over-year at Mississippi’s 12 coastal casinos, which earned a total of $95 million in November. The coastal increase balanced out the losses from river casinos. Overall statewide gaming revenue was still down 2.5 percent for the year.

Year-to-date totals for 2017 among coast casinos fell flat including November revenues, but river casinos show an annual loss of roughly five percent. This continues a trend that became notable in 2015 in which revenue numbers from river casinos continue to fall while coastal casinos see gains.

The growth has led coastal casinos to plan significant expansion projects. Island View Casino in Gulfport is in the middle of a $75 million expansion that will result in the Beach Casino at Island View. The new casino is set to open next summer. The state is also poised to allow casinos to offer sports betting, depending on the outcome of New Jersey’s Supreme Court case.

These numbers do not include revenue figures from the tribal-operated Choctaw Indian casinos in Mississippi. Tribal casinos are not required to report their winnings to the state.



Bob

Hailing from Wisconsin but arriving in Las Vegas in 1995, I'm better known at various US online poker rooms under the pen name "OreoBob" and "SoyFlush". I'm an avid poker player and editor-at-large who has contributed as a freelance writer for diverse national and international iGaming publications since 2004.