Sports wagers went down in the month of June in Mississippi, but the revenue managed to rise anyway.
Overall in the month of June, the revenue increased on a month to month total of 35.4 percentage as the total handle dipped 12.7 percent, according to the state Gaming Commission.
Mississippi sports betting revenue added up to roughly $1.6 millio, up from about $1.2 million in May. But the handle in May came in at around $17.44 million which was dramatically higher than June’s $15.19 million .
MLB was the biggest generator of revenue at a $5.75 million for June. NBA and various basketball leagues came in at $1.5 million and the total for the region was $8.99 million.
Baseball will continue to be a huge booster to the sports betting revenue as it is the only one of the four major U.S. sports going on in the summer, plus there are a vast amount of games that can be bet on. Early next month, NFL football will gets its preseason underway and college football season will start in late August; those sports will ensure that the numbers will go up.
The casinos on the coast had a win percentage of 7.9 percent in June. The sports betting income from the coastal casinos was $709,901 from just about $9.0 million in overall handle.
As for other areas for casinos in the state, the north region listed revenue at $549,847 from a handle of $4.3 million. Both numbers were increases from May’s $260,190 revenue and handle of $4.0 million. The north casinos took a handle of $2.2 million on MLB action and just $696,070 on NBA/basketball bets.
The central casinos didn’t do as well in June. In May, the total handle came in at $2.5 million with the revenue at $305,494. June saw the total handle finish at just $1,879 million and the revenue come in at $365,365.
As for sports bets at the central casinos last month, baseball came in at $1.2 million in revenue in June compared to $1.1 million in May. Meanwhile basketball dipped from $852,526 to $328,381 with the season wrapping up.
Football will boost the sports betting landscape in the Magnolia State. NFL preseason is just around the corner with Atlanta and Denver set to kickoff on Aug. 1. Just 23 days after that the college football season launches with Florida facing Miami and Arizona taking on Hawaii.
Then before you know it both the NFL and NCAA football will be in full swing and bets will be made aplenty. The handles and revenues will both be boosted and that bodes well for the state of Mississippi as it looks to increase its sports betting market.