Home » NEWS » Gaming » Mississippi casino revenues rise in March

Mississippi casino revenues rise in March

JACKSON — March winnings at Mississippi’s casinos rose 3.9 percent for a year ago, the third time in the last four months that revenues have improved at the state’s 29 gambling halls.

An improving economy appears to be bringing gamblers back, while coast casinos may have been boosted by the Final Four being held in New Orleans.

Overall, Mississippi casinos won $220.4 million, compared with $212.1 million in March 2011.

The 11 casinos in the Gulf Coast market saw revenue rise 4.8 percent, to $101.6 million from $96.9 million. It was the largest take by Gulf casinos since July 2009.

The 18 casinos along the Mississippi River saw revenues rise 3.1 percent, to $118.8 million from $115.2 million, even though Vicksburg’s Grand Station casino closed on March 28.

The figures do not include Choctaw Indian casinos, which are not required to report their winnings to the state.

March is traditionally one of the strongest months for Mississippi casinos.

The state’s gambling halls have struggled to regain momentum after the recession, with revenue sliding for four straight years after hitting a high of $2.89 billion in 2007.

March winnings for Louisiana’s state-licensed casinos jumped 5.8 percent from a year ago.

Pennsylvania slot machines won $233.1 million in March — an all-time high since casinos went into the state in 2006. In neighboring New Jersey, which has struggled since casinos came to Pennsylvania, the take at Atlantic City was down 5.5 percent last month as compared with March 2011. But Nevada saw a 5.7 percent increase in the February-to-February comparison, a gain that state regulators said was across the board for most casinos.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*