Figures recently released from the Mississippi Department of Revenue (pdf) show that for 2017, revenue across the state fell two percent to $2.08 billion, a decrease of more than $40 million from the year prior. This past December improved, with gamblers forking over $176 million throughout the state, a 3 percent swell from December 2016’s $171 million.
Mississippi’s dozen coastal casinos saw for the first year a less than 1 percent rise to $1.19 billion in 2017, just barely making the plus column for the fourth year in a row for those casinos. December recorded the second-strongest gain for the year, with winnings of $99 million, an increase of 7 percent.
Meanwhile, the 16 river casinos in the state were in the red for yet another year, having recorded revenue declines every year since 2006 when it peaked. In 2017, revenue was at $885 million a 5 percent decline. The descent wasn’t as severe for December, having fallen only 1.4 percent to $77 million from 2016. Casinos in Lula and Tunica County have suffered in particular over the long term having faced increasing competition from a pair of racetrack casinos in neighboring Arkansas.
Last year, Mississippi reportedly collected approximately $250 million in gambling taxes. The state, according to accounting firm Rubin Brown, has among states, the third-lowest effective tax rate on casinos, as reported by the Associated Press.
According to the report, figures from 2016 show the Magnolia State was the sixth-largest gambling state across the nation. The Gulf Coast, meanwhile, was reportedly the eighth-largest casino market and the Tunica/Lula area was the 17th largest, according to the American Gaming Association.
Excluded from the figures are Choctaw Indian casinos, as they aren’t required to report winnings to the state.