Revenue figures show struggles of casinos, especially along river

May 21, 2014

Business, Tourism

Casino_rouletter_wheel RGBThe April revenue figures for the state’s casinos back up what the Mississippi Business Journal reported last week from the Southern Gaming Summit — Coast casinos are hanging on while riverboats continue to bleed.

Mississippi Department of Revenue figures show casinos statewide won $164 million from gamblers in April, down 6 percent from April 2013.

The 12 coastal casinos won $84.5 million, down less than 1 percent from April 2013. The 18 river casinos won $79.8 million, down 12 percent from a year earlier.

Revenue statewide is down 3.6 percent over the last 12 months. In that period, Mississippi casinos collected 74 percent of the revenue from the peak year of 2007.

Overall revenue has fallen from the year earlier in 20 of the last 22 months.

The numbers exclude Choctaw Indian casinos, which aren’t required to report winnings to the state.

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