Sports betting

Mississippi April betting revenues plummet 41%

Parlay bets accounted for highest percentage of overall revenues with basketball and baseball closely following

The Mississippi Gaming Commission announced April sports betting revenues were down 41% to $2m, compared to $4.8m the previous month.

Overall handle for the month was $19.2m, down 41% from $32.4m in March.

The monthly figures, broken down by sport, saw parlay (accumulator) bets account for 27% of overall revenues, while basketball made up 26.4% of revenues and baseball another 26%.

Bets on football are only taken at the state’s coastal casino and reported revenues of $13,776.

Sports betting, including via mobile, went live in Mississippi’s five land-based casinos in July 2018, with operators paying a 12% tax of betting revenues to the state.

Churchill Downs is accepting bets at two Mississippi casinos via its BetAmerica brand betting terminals.

New Jersey and Pennsylvania announced similar patterns in their April revenues which dropped 33% and 24% respectively.

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