Miss. casino revenue falls in August
Published: September 22,2009
JACKSON — Revenue for Mississippi’s 30 state-licensed casinos fell 9.1 percent in August as compared to July.
Figures released Tuesday by the Mississippi State Tax Commission show casinos won $206 million last month, about $18.8 million less than in July. The casinos took in $238.2 million in August 2008.
The industry had rebounded somewhat in July – at $224.8 million – from a dismal June, when casinos won less money from gamblers than during any month after the reopening of coast casinos in December 2005 following Hurricane Katrina. Revenue was $189.2 million in June.
Casino revenue, or "win," is the net amount of money won from gamblers. It is not profit.
The gross earnings figure represents casino revenue only – separate from hotel, restaurant or bar revenues generated by the resorts.
The casinos along the Mississippi River won $109.6 million last month compared with $120.6 million in July. The Mississippi Gulf Coast casinos took in about $96.4 million in August compared with about $104.1 million in July.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans
- Analyst: KiOR Columbus plant may end up sold as scrap
- DAVID DALLAS: Savor this Thanksgiving and be grateful
- Jail kitchen supervisor pleads guilty to stealing food
- Warden who lives hundreds of miles from jail resigns
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Hunting-weapons legislation passes House