• About Us / Contact
  • Responsible Gambling
This site contains commercial content
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
No Result
View All Result

Mississippi Sports Betting Numbers Continue to Rise

Jill R. Dorson by Jill R. Dorson
December 20, 2018
in Industry
Welcome to Mississippi sign
Share on FacebookShare on Twitter

Mississippi sportsbooks had their best month since legal sports betting began in the state in August, according to the revenue report released by the Mississippi Gaming Commission on Thursday. Sportsbooks across the state took in $44.5 million in handle in November, a significant increase over the $32.8 million handle in October. Well more than half of November’s handle was from football bets — $27.9 million in total.

Among the other sports, $8.1 million in bets were placed on basketball, $7.3 million on parlay cards, and $1.4 million on “other” sporting events.

The Magnolia State was the third post-PASPA state to launch legal sports betting when it did so in August. That month, only one sportsbook was open for most of the reporting period. Since then, the numbers have trended up, starting with $31.8 million in September, when about 20 sportsbooks were open. Sportsbooks along the Mississippi Gulf Coast continue to lead the state, with a handle of $27.7 million in November, as compared to $10.4 million in Tunica and the surrounding Northern region, followed by $6.4 million in the Central region.

Football bettors still beating the house

Mississippi had a 3.76 percent win percentage, up slightly from last month’s 3.59 percent, and down significantly from September’s 17.3 percent. For perspective, Nevada traditionally has a 5-7 percent hold, and New Jersey, the only other recently launched state with a significant number of sportsbooks open, had a 4.4 percent hold in October, and 6.4 percent in November.

beau rivage mississippi sports betting
The Beau Rivage in Biloxi, Miss.

In Mississippi, football bettors continued to win big on the Gulf Coast, where the hold was 1.4 percent. In other regions of the state, the win percentage was 7.6-7.7 percent. Along the Gulf Coast, football bettors beat the house for a second consecutive month — the hold was -.88 percent. Bettors also scored big on parlay cards in that region, leaving the house with a -2.5 percent hold. Basketball’s 11.5 percent hold and a 12.9 percent hold on other events pushed the overall total into positive territory.

All of this still translates into $1.67 million in taxable sports betting revenue for the state, an increase over last month’s $1.18 million, but a big drop from September, when the state had a 17.3 percent hold and brought in $5.5 million in taxable revenue. As time wears on, it’s becoming more and more apparent that September was an aberration, and while two months isn’t a big enough sample size, Mississippi will likely see holds at or near that 5-7 percent range in the future.

For revenue reporting purposes, Mississippi uses a modified accrual method, and handle includes futures bets made, while the taxable revenue does not include futures bets, many of which are not yet decided. For example, bets made in November on the Super Bowl or other events outside of the reporting period are included in the handle, but not the taxable revenue.

In Mississippi, sports bets can only be placed in person. While bettors can use a mobile app within a specific sportsbook or casino, mobile betting is not statewide. In New Jersey, where the total November handle was $330.7 million, $238.6 million was in mobile, meaning only about 28 percent of handle came from in-person bets. Given that Mississippi’s population is about one-third of New Jersey’s, the Magnolia State is more than keeping pace in terms of in-person sports betting, considering that the state’s $44.5 million in November handle is just about half of New Jersey’s ($92.1 million in person).

ShareTweetShare
Jill R. Dorson

Jill R. Dorson

Jill has covered everything from steeplechase to the NFL and then some during a more than 30-year career in sports journalism. The highlight of her career was covering Oakland Raiders during the Charles Woodson/Jon Gruden era, including the infamous “Snow Bowl” and the Raiders’ 2003 trip to Super Bowl XXXVII. Her specialty these days is covering sports betting legislation across the country. You can reach Jill at jill@bettercollective.com

Related Posts

Virginia December 2022 revenue report
Industry

Virginia Sportsbooks Top $50 Million For Fourth Straight Month

February 1, 2023
nbc skyline
Analysis

New York Poised For $2 Billion Sports Wagering Handle In January

January 27, 2023
Load More

Top Stories

garnett mgm springfield

Sports Betting Launches In Massachusetts, Giving Three Retail Books A Head Start

January 31, 2023
rob gronkowski adam vinatieri

Rob Gronkowski Goes Training Montage Route In Latest FanDuel Spot

January 17, 2023
fanatics-grand-opening

Fanatics Sportsbook At FedEx Field Offers Unique Retail Option In Maryland

January 23, 2023
Shutterstock

Missouri Legislators Lament Exodus Of Bettors To Neighboring States

January 27, 2023

State Sports Betting Guides

Ohio (U.S. state) flag waving against clear blue sky, close up, isolated with clipping path mask alpha channel transparency, perfect for film, news, composition

Ohio Sports Betting – Where To Play, Bonus Offers And Promo Codes

by Brian Pempus
February 2, 2023

Downtown Detroit at twilight (Shutterstock)

Michigan Sports Betting – Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
February 2, 2023

VA captial

Virginia Sports Betting – Where To Play, Online Sportsbooks And Bonus Offers

by Brett Smiley
January 17, 2023

nj flag

New Jersey Sports Betting — Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
October 20, 2022

pa online sportsbooks

Pennsylvania Sports Betting – Where To Play, Online Sportsbooks And Bonuses

by Brett Smiley
October 6, 2022

Canada Sports Betting Guides

Canada Sports Betting – Best Sportsbook Apps & Bonus Offers

British Columbia Sports Betting – Legal Update, Available Sportsbooks, and FAQ

Ontario Sports Betting – Legal Status And Where To Play

gambling therapy
ncpg
igaming ontario
If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) (IL). Gambling problem? Call 1-800-GAMBLER (MI/NJ/OH/PA/WV), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO), 1-800-BETS OFF (IA), 1-888-532-3500 (VA) or call/text TN REDLINE 1-800-889-9789 (TN).
19+. Please play responsibly. Terms and conditions apply. 
Individuals must be 19 years of age or older to participate in igaming in Ontario. Gambling can be addictive, please play responsibly. If you, or someone you know, has a gambling problem in Ontario and wants help, please visit ConnexOntario or call their helpline at 1-866-531-2600. Operators on this website operate pursuant to an Operating Agreement with iGaming Ontario.

Search Sports Handle

No Result
View All Result
  • About Us / Contact
  • Responsible Gambling

No Result
View All Result
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News

loading

Please wait while you are redirected to the right page...

Please share your location to continue.

Check our help guide for more info.

share your location