Mississippi officials say gamblers bet $9.8 million on sporting events from Aug. 1 through Labor Day.
State Gaming Commission Director Allen Godfrey says that’s the total amount bet in the first 34 days of wagering in Mississippi.
Casinos earn about 5 percent off bets, and Mississippi gets an 8 percent tax on the casino’s take.
Sports betting has now expanded to more than 20 of Mississippi’s 28 state-regulated gambling halls. Two Choctaw Indian casinos are also offering sports betting, but they don’t report figures to the state.
Casino executives tell WLOX-TV that business increased with the start of the college football season.
A May U.S. Supreme Court decision allowed states nationwide to join Nevada in legalizing sports betting. Delaware, Mississippi, New Jersey and West Virginia all now allow betting.
BEFORE YOU GO…
… 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