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
- Bids on reworking Interstate 55 stretch are rejected
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- ALAN TURNER: Education in Mississippi – good and bad news
- Hosemann to launch crowd funding program
- CFPB wants repay ability at center of new payday loan rules
- Terminal upgrade on indefinite hold at Jackson International Airport
- Answering the Bell: Interim Ole Miss law school dean well-regarded for directing hands-on clinical training
- Two new casinos like the odds on Mississippi Gulf Coast