In November Mississippi sports betting handle reaches an 11-month high.

In November Mississippi saw a $62.4 million sports wagering activity, the highest in 11 months but 15.2% less than the previous year.

Despite a 26.1% increase from October, revenue hit $3.1 million, a 33.3% drop from last year.

Coastal casinos led with $1.4 million from $43.1 million in bets, while central casinos earned $1.1 million from $12.0 million

Football remained the top choice with $23.2 million in bets at coastal casinos.

 

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It's interesting to see that Mississippi experienced a significant increase in sports wagering activity in November, reaching a total handle of $62.4 million. This represents the highest level seen in the past 11 months, which is certainly positive news for the state's gambling industry. However, it's worth noting that this figure is actually 15.2% lower than the handle reported in the same period the previous year.

Despite the overall increase in handle, revenue figures tell a different story. In November, sports betting revenue in Mississippi reached $3.1 million, which is a 33.3% drop compared to the same month in 2019. This decline highlights the impact that the COVID-19 pandemic has had on the industry, as it has disrupted major sports events and affected overall consumer spending.

In terms of the regional breakdown, coastal casinos led the way in revenue generation, reporting $1.4 million from $43.1 million in bets. On the other hand, central casinos earned $1.1 million from a handle of $12.0 million. These figures indicate that the coastal casinos attracted a larger volume of sports wagers, possibly due to their geographical advantage and proximity to popular tourist destinations.

As for the preferred sports for betting in Mississippi, football continued to dominate the market in November. Coastal casinos alone saw $23.2 million in bets placed on football games, suggesting its popularity among bettors in the region.

Overall, while the increase in sports wagering activity is a positive sign for Mississippi's gambling industry, the significant drop in revenue compared to the previous year demonstrates the ongoing challenges faced by the sector. It will be interesting to see how these trends evolve in the coming months, especially as the world of sports adjusts to the new normal brought about by the pandemic.