• Sportsbooks in Mississippi saw $36.1 million wagered on sports in May.
• Sports betting activity is up 9.7% month over month while revenue saw a slight dip.
JACKSON, Miss. – The sports betting market in Mississippi saw a big jump in betting handle in May, mainly backed by basketball betting fans.
Once again, the coastal region dominated the market, with most bets coming from Biloxi casino operations.
There are no true regulated mobile betting options in Mississippi, so sports betting fans shot the Mississippi sports betting market up through land-based betting only. This is rare compared to other markets.
Mississippi Sports Betting
The official report released by the Mississippi Gaming Commission has shown $36,125,896 was bet on sports in May. This is up 9.7% from the $32.9 million bet in April.
Sports betting revenue saw slight dips in activity, with sportsbooks seeing $3,888,299 in revenue, down 9.6% month over month from the $4.3 million collected in April.
Sports betting was dominated by NBA betting fans in May. With the NBA Playoffs ongoing, it is no surprise that the bulk of the wagers came from basketball bets.
$15 million wagers in May came from basketball bets, $7.4 million came from baseball, and $6 million came from parlays.
As stated before, the coastal region was again the dominating area in Mississippi sports betting. $20,657,343.19 came from coastal casino operations. The central region came in second with $9,885,656.83, and the northern region reported $5,582,895.55.
Mississippi’s coastal region is helped being located in the gulf. This attracts betting fans from Alabama, Florida, and Louisiana who have yet to see a regulated market of their own launch.
This trend may not last, however. Both Louisiana and Florida are moving to launch legal sports betting in 2021. With Mississippi not having a mobile market, they could stand to lose a lot of revenue from tourism once this happens.
It is still too early to tell how those markets will fair. Additionally, Biloxi is a well-known tourist attraction for its many local casinos.
Still, it is not too far off to assume that Mississippi could see their total betting handle and revenue numbers dip substantially following this. Lawmakers may finally be tempted to add mobile betting to their lawbooks.
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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.