Home » NEWS » Gaming revenues down again in May

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.


… 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 Frank Brown

Leave a Reply