- Mississippi collected just $47.8 million in betting handle in February.
- This is a 29.4% decline from the record set in January.
- Most wagers game from those betting on basketball.
JACKSON, Miss. – Sports betting in Mississippi saw a slight decline in activity, despite Super Bowl 55 taking place in the month.
This could be caused by the shorter month, as well as the overall end of the NFL betting season, with most of the wagers coming from basketball bets.
While February did see less activity month over month, Mississippi sports betting increased compared to last year’s numbers, showing steady improvements in the market as a whole.
Mississippi Sports Betting
According to the official report released by the Mississippi Gaming Commission, $47,807,573.85 was wagered on sports in February. This is a 29.4% decrease from the record-setting $67.7 million the Magnolia State saw in January.
The state also saw a 49.5% decline in sports betting revenue, with just $4,606,839.71 collected by sportsbooks compared to the $9.1 million seen the previous month.
These declines do not tell the full story, however, as the betting handle is up 38.7% compared to 2020 and revenue has seen a 118.8% increase year over year as well.
While Super Bowl betting was the major focus in February, the season-ending saw fewer wagers overall at local sportsbooks.
$28.5 million of the total betting handle came from basketball wagers, with the majority of those wagers, $21.5 million to be exact, taking place at Coastal Casinos.
With Biloxi being the main gambling hub in the Magnolia State, it is understandable that most of the wagers came from that region. In fact, of the $47.8 million wagered in February, $34.6 million came from Coastal Casino operations. That is a 76.15% hold of the total betting handle on the month.
The second most wagers came from Central operations, $7.4 million, with the remaining $5.3 million coming from Northern Casino operations.
The legal sports betting market in Mississippi may have dipped slightly month on month, but it is still a striving betting market despite having no regulated mobile betting to account for.
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.