Mississippi Gambling Win Drops 3 Percent In 2010

January 22nd, 2011 – by Glen Farmer

As with many other regions around the nation, Mississippi has not been left out of the decline in gambling revenue. According to the Mississippi Department of Revenue, the state licensed casinos won only $2.39 billion dollars from gamblers in 2010. This represents a drop of almost 3 percent from what gamblers lost in 2009.

Figures show that business was down throughout parts of the year, particularly in December. In December 2010, the casinos took in only $184.6 million compared to the $185 million in December of 2009.

Mississippi’s casinos generated a total of $2.46 billion dollars in winnings from players in 2009.

The “win” figure is a gross figure, which does not have any deductions of operating costs or other expenses. The casino revenue in Mississippi does not include hotel or food and beverage revenue.

Mississippi may have taken a slight fall, but Atlantic City has truly been devastated by increased competition and a lack of voluntary and entertainment spending. Atlantic City Casinos experienced a drop of over 30% between 2006 and 2010.

Pennsylvania has been proving overwhelmingly successful in the gambling department, with revenue rates stable or rising. Pennsylvania has been cited as the source of Atlantic City’s ruin.

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