{"id":87613,"date":"2018-09-07T07:16:42","date_gmt":"2018-09-07T14:16:42","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=87613"},"modified":"2018-09-07T07:17:43","modified_gmt":"2018-09-07T14:17:43","slug":"mississippi-sports-betting-operations-handle-10-million-in-first-month","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/mississippi-sports-betting-operations-handle-10-million-in-first-month\/","title":{"rendered":"Mississippi Sports Betting Operations Handle $10 Million in First Month"},"content":{"rendered":"

Mississippi sports betting has got off to a good start, the state\u2019s gaming commission insisted Thursday, with $9.8 million handled at Mississippi casinos from the start of August through September 3.<\/p>\n

\"Mississippi
The first sports wagers in Mississippi were taken at the MGM Resort\u2019s Beau Rivage Casino in Biloxi on August 1 (pictured) but with the NFL season now underway, September is expected to produce more meaningful market figures than August. (Image: MGM Resorts)<\/figcaption><\/figure>\n

Handle relates to bets taken before winnings are paid out. Bookmakers typically retain about 5 percent of handle as \u201chold,\u201d which equates to their \u201cwin\u201d or gross gaming revenue.<\/p>\n

The state launched sports betting on August 1 when MGM properties Beau Rivage in Biloxi and the Golden Strike in Tunica became the first casinos to accept wagers. Then on August 17, Penn National (PNG) joined the fray, launching sports books at its Hollywood Casino Gulf Coast in Biloxi and Boomtown Casino in Tunica. PNG rolled out sports betting at its\u00a0Hollywood Casino Tunica,1st Jackpot Casino Tunica, and\u00a0Resorts Casino Tunica\u00a0a week later.<\/p>\n

Choctaw Gets in on the Act<\/strong><\/h2>\n

Although not included in the figures published this week, SBTech\u00a0announced the launch of sports betting at the\u00a0Golden Nugget\u00a0and\u00a0Churchill Downs casinos on September 3. And on the same day, the Mississippi Band of Choctaw Indians became the first Indian tribe outside of Nevada to accept sports bets, at its Golden Moon Casino. As a tribal operator, the Choctaw are not required to provide the state with revenue figures.<\/p>\n

\n

With such a piecemeal rollout it\u2019s difficult to gauge accurately the performance of the state\u2019s brand new sports books, but Allen Godfrey, executive director of the gaming commission, told Mississippi Today<\/em> he was broadly pleased with the figures.<\/p>\n<\/div>\n

\u201cWe did not really have any expectations, but these seem like positive numbers,\u201d he said.<\/p>\n

August Slow for Sports Betting<\/strong><\/h2>\n

Last month, President and COO of Gold Strike David Tsai told Mississippi Today<\/em> that September\u2019s numbers should offer a clearer picture of the potential of the brand new market.<\/p>\n

The handle has been lower than we expect long-term,\u201d Tsai said. \u201c\u2026 The better gauge for long-term volumes will be once football season kicks off in September. That said, our handle and betting volumes already exceed that in many Vegas casinos. We are seeing hundreds of guests coming on property to place sports wagers in our new sports book.\u201d<\/p><\/blockquote>\n

Unlike New Jersey, which handled just under $16 million in its first month, the Mississippi market does not have the advantage of full-scale mobile sports betting. Bettors can use their phones to gamble but only when they are inside a physical casino location.<\/p>\n

But the state does have a regional advantage. With the exception of Louisiana, none of Mississippi\u2019s neighbors have legal casino gaming, and its closest competitor in the sports betting market is West Virginia, some 500 miles away.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mississippi sports betting has got off to a good start, the state\u2019s gaming commission insisted Thursday, with $9.8 million handled at Mississippi casinos from the start of August through September 3. Handle relates to bets taken before winnings are paid out. Bookmakers typically retain about 5 percent of handle as \u201chold,\u201d which equates to their […]<\/p>\n","protected":false},"author":36,"featured_media":87617,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,1074],"tags":[],"acf":[],"yoast_head":"\nMississippi Sports Betting Operations Handle $10 Million in First Month<\/title>\n<meta name=\"description\" content=\"Mississippi sports betting takes 10 million in first month, but September, and the start of the NFL season, should offer a clearer picture of the new market.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mississippi Sports Betting Operations Handle $10 Million in First Month\" \/>\n<meta property=\"og:description\" content=\"Mississippi sports betting takes 10 million in first month, but September, and the start of the NFL season, should offer a clearer picture of the new market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/mississippi-sports-betting-operations-handle-10-million-in-first-month\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-07T14:16:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-09-07T14:17:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/mississippi-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/mississippi-sports-betting-operations-handle-10-million-in-first-month\/\",\"url\":\"https:\/\/www.casino.org\/news\/mississippi-sports-betting-operations-handle-10-million-in-first-month\/\",\"name\":\"Mississippi Sports Betting Operations Handle $10 Million in First Month\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/mississippi-sports-betting-operations-handle-10-million-in-first-month\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/mississippi-sports-betting-operations-handle-10-million-in-first-month\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/mississippi-scaled.jpg\",\"datePublished\":\"2018-09-07T14:16:42+00:00\",\"dateModified\":\"2018-09-07T14:17:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Mississippi sports betting takes 10 million in first month, but September, and the start of the NFL season, should offer a clearer picture of the new market.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/mississippi-sports-betting-operations-handle-10-million-in-first-month\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/mississippi-sports-betting-operations-handle-10-million-in-first-month\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/mississippi-sports-betting-operations-handle-10-million-in-first-month\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/mississippi-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/mississippi-scaled.jpg\",\"width\":2560,\"height\":1440,\"caption\":\"The first sports wagers in Mississippi were taken at the MGM Resort\u2019s Beau Rivage Casino in Biloxi on August 1 (pictured) but with the NFL season now underway, September is expected to produce more meaningful market figures than August. 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