- Mississippi sports betting handle has dropped 34.9% in April.
- This can be attributed to the end of the college basketball betting season.
- Mississippi also saw a 17.9% decrease in sports betting revenue.
JACKSON, Miss. – Mississippi suffered major losses in both sports betting handle and sports betting revenue in April.
This may be a direct result of the end of the college basketball season as March Madness saw major gains in Mississippi the month prior.
The Mississippi sports betting market is not helped by its lack of truly regulated mobile betting. With only retail operations available, the losses Mississippi suffered are bigger compared to other markets.
Mississippi Drop In Betting Activity
The official report released by the Mississippi Gaming Commission shows that $32,917,836.38 was wagered on sports in April. This is down 34.9% from the more than $50 million wagered in March.
In terms of sports betting revenue, sportsbooks saw $4,300,968.03 down 17.9% month over month from March’s $5.2 million.
Mississippi joins the trend of markets like New Jersey, Pennsylvania, Nevada, and others who have all seen big drops in activity following the March Madness Tournament.
These markets may bounce back with the NBA Playoffs likely leading to an increase in NBA wagers. Mississippi is one of the rare markets that remain strong despite not having mobile and online betting state-wide.
Thanks to Biloxi, the gambling hub of the Gulf, Mississippi continues to attract betting fans from all over. The report shows that $20,972,992.61 of the total wagers came from the coastal area.
This is the case each month in Mississippi. This region has the most operations and is in the proximity of markets like Louisiana, Alabama, and Florida that have yet to launch their own legal sports betting markets so residents travel to Mississippi.
Mississippi still misses out on potential millions annually from the lack of a regulated mobile market. Should they have had a mobile market in April, they could have offset some of the losses gained month over month.
For now, Mississippi remains with its limited sports betting market. The numbers should increase as the NBA postseason continues.
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.