Casino earnings in Mississippi decreased by 3.7% compared to last year in March.
Kingdoms of Chance in Mississippi See Slip, but Hold On Strong
Exclusive to our websitemississippi's bustling casinos raked in $226.2 million in March, taking a minor dip of 3.7% compared to the same period last year's $235.1 million.
Slots machines alone accounted for $189 million of this revenue, marking a 3.1% decrease from last March's $195.2 million. Table games yielded $32.3 million, slipping 4.2% from $33.7 million.
In its latest review, the Mississippi Gaming Commission disclosed that coastal casinos reigned supreme in March, earning an impressive $144.5 million from slot and table games, a slight decline of 2.9% compared to the previous year's $148.9 million.
Casinos in the northern region reported revenues of $50.7 million last month, incurring a more significant drop of 5.5% from $53.7 million in March '24. The central region, meanwhile, generated $30.9 million in combined slot and table game revenue, dipping 4.5% from the $32.4 million during the same time a year ago.
Digging Deeper:
Although the detailed revenue data for Mississippi's distinct coastal, northern, and central regional markets are scarce, some intriguing insights about Mississippi's gaming scene emerge. For instance:
- Statewide Stats:Mississippi's sports betting handle in February '25 hit $30.5 million, yielding a substantial $5.08 million in gross revenue (estimated based on a 12% hold rate applied to the February handle, although the exact February revenue remains undisclosed)[3]. Apart from sports betting, comprehensive data on traditional casino revenue for '25 is not available. However, broader trends suggest:
- OnlineFocus: Nationwide, online gaming (including sports betting and iGaming) escalated by 26% YoY in February '25, but Mississippi, without legalized online casinos, is limited to retail sports betting[1][4].
- RegionalStrength: Per GLPI's Q1 '25 results, regional gaming markets like those in Mississippi are proving to be more resilient than destination markets, with investments such as Bally's Chicago project (boasting 3,300 slots and over 170 tables) underscoring faith in non-destination casino prospects[5].
- LegislationUnder Scrutiny: Mississippi is on the radar for potential '25 legislative drives pushing for sports betting expansion, a potential boost to the revenues if approved[4].
For a clearer picture of the coastal, northern, and central region's revenue distribution, Mississippi Gaming Commission reports would be indispensable. As of now, these sources primarily aggregate data at the state level[1][3].
- Capewell observed that, despite a minor dip in casino revenue this March, Mississippi's gambling industry, particularly casinos along the coast, remained robust, generating $144.5 million from casino-and-gambling games.
- In comparison to last March, the revenue from slot machines experienced a decrease of 3.1%, amounting to $189 million, while table games yielded $32.3 million, marking a decline of 4.2%.
- Casinos in the northern region, notably, incurred a more significant drop in revenue, with revenues of $50.7 million last month, contrasting the $53.7 million reported in March 235 ago.
