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Gaming revenues down again in May

Casino_rouletter_wheel RGBThe fall in gross gaming revenues at Mississippi’s 30 casinos continued in May, according to figures released by the Mississippi Gaming Commission.

Statewide, revenue fell from $192.2 million in May of 2013 to $171.8 million this year that’s a drop of 10.6 percent.

As has been the trend, the Mississippi River casinos, which stretch from Natchez to Tunica Resorts, were hit the hardest, falling 13.4 percent (from $97.5 million to $84.3 million) over May 2013.

At the Gulf Coast casinos, which had seen a positive turnaround in the last few months, revenues fell 7.6 percent (from 94.7 million to $87.5 million) in May, despite it being a month with five Saturdays and a holiday. Weather may have played a role on the coast as Biloxi received more than double its average rainfall for May.

In the first five months of 2014, revenues are down 4.8 percent statewide, which is slightly better than the annual 5.1 percent drop casinos statewide experienced from 2012 to 2013.

Gross gaming revenues are the casino profits after payouts are subtracted from all money wagered.

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