The Mississippi Gaming Commission has released its latest monthly revenue report showing that the state’s licensed sportsbooks took in $30.6 million in wagers during the month of July. This marked a significant drop of 29% from June’s handle of $43 million.
This is the first time in three months that the state’s sportsbooks have reported a drop in wagers and revenue with the month’s overall sports betting activity less than half that of January’s record-breaking handle of $67.7 million.
The state’s coastal sportsbooks based in Gulf Port, Bay St. Louis, and Biloxi were the state’s big earners attracting more than $18.9 million in bets accounting for 62% of the state’s overall sports betting activity. Sportsbooks located in the state’s central region took in $6.48 million in bets while Northern sportsbooks reported accepting $5.2 million.
Baseball replaced basketball as the most wagered-on sport in Mississippi as gamblers placed $12 million in wagers on the sport accounting for 40% of all sports bets during July. This was a jump of almost $2 million on the previous month’s baseball betting activity. Basketball came in second place attracting $9 million in bets for the month.
The state’s sportsbook operators reported a win percentage of 9.42% for the month of July up from June’s win percentage of 7.41%. This resulted in taxable revenue of $2.8 million down slightly on June’s figure of $3.1 million.