Mississippi posts $30.5m sports betting handle during February
The state generated more than $1.2m in taxable revenue during the month.
Key Points
- Basketball was the sport of choice in all three regions
- Wagers on basketball made up nearly half the state’s handle in February
The Mississippi Gaming Commission has published its sports wagering results for the month of February.
The state’s sports betting handle reached $30.5m last month, down by close to $12m when compared to results posted in January.
Coastal region players placed the largest total wagers in contribution to last month’s overall state handle. The Central region grabbed the second-place spot last month.
In a breakdown of the state’s total sports betting handle from last month, those living in the Coastal region bet nearly $20.5m, while players in the Central and Northern regions wagered $6.5m and $3.5m respectively.
Players in all three regions bet more on basketball in February than on any other sport. Wagers placed on basketball totaled $14.7m statewide during the month, nearly half of the state’s total sports wagering handle.
The state reported that it generated nearly $1.2m in taxable revenue during the month of February, down nearly $4m when compared to taxes paid during the previous month.
Good to know: Retail sports betting has been legal in Mississippi for several years
In other state news, the Mississippi House Ways and Means Committee has advanced a bill that would increase taxes on casinos, according to a Mississippi Today local news report.
If passed, casino taxes would increase from 12% to 16%.
Ways and Means Chairman Trey Lamar said his bill is designed to “recoup the tens of millions of dollars a year Mississippi is ‘losing’ from not legalizing online betting,” the local report said.
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