Mississippi casinos are off to a slow start in the New Year, winning nearly 7 percent less from gamblers in January.
According to figures from the Mississippi Department of Revenue (pdf), in January this year gamblers statewide lost $166 compared with the same month last year. That figure is also down from the previous month when in December 2016 gamblers lost $170.7 million, a 2 percent improvement from December 2015 when the figure was $167 million, according to last month’s Miscellaneous Tax Bureau Casino Gross Gaming Revenue Report for the state.
Revenue posted by the state’s 12 coastal casinos for last month was $99 million, down from the $101 million reported for the same time in 2016. Since mid-2014, revenue on the Gulf Coast has for the most part been rising. That was evident as last year the state’s coastal casinos were the big winners again with casino gross gaming revenue at $1.187 billion, more than $254 million less than Mississippi river counties over the year at $932.5 million.
That trend seems to be continuing as the 16 Mississippi River casinos reported a more than 13 percent decrease in revenue for January this year at $67 million compared with the same time last year at $77 million, according to the report.
In 2016, casino revenue was up 1 percent to $2.12 billion; the second annual increase after a seven-year slump. However, according to the figures, statewide collections still remain below the $2.89 billion reported in 2007.
The figures don’t include Choctaw Indian casinos, as they aren’t required to report winnings to the state.
In other gaming news for the state, after failing to make the cut on Wednesday, a daily fantasy sports bill, HB 967, passed through the House on Thursday after a second vote, enabling it to move on to the Senate.