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Fantasy sports bill approved, could mean small revenue bump

By BOBBY HARRISON The Mississippi Legislature, struggling for ways to fund state government in the midst of sluggish revenue collections, should have at least a little help on the way. On Wednesday, the 52-member Senate approved with six no votes and sent to Gov. Phil Bryant legislation regulating and taxing fantasy sports. If Bryant signs the legislation into law, it will ...

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Gaming Commission considers approval for 2 proposed casinos

D’IBERVILLE, Miss. (AP) – After hours of debate, it’s still unclear how the Mississippi Gaming Commission will vote on two proposed casino sites that have been rejected in the past. News outlets report that attorneys and experts for and against the casino sites in Biloxi and Diamondhead gathered Thursday in D’Iberville in front of the three-member commission. The commission unanimously ...

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House approves tax, regulation of fantasy sports contests

The Mississippi House has reversed itself and passed a bill to regulate and tax operators of daily fantasy sports contests. House Bill 967 failed Wednesday, but it passed after a second vote Thursday. The bill would set an 8 percent tax and authorize the Mississippi Gaming Commission to regulate fantasy sports contests online or in casinos. Mississippi legalized fantasy sports contests ...

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Mississippi mulls regulations for fantasy sports betting

Fantasy sports betting operators could soon face an 8 percent tax on their Mississippi revenue. House Bill 967 would establish the tax and authorize the Mississippi Gaming Commission to regulate sports betting operations online or in casinos. The bill passed the House Gaming Committee on Thursday and moves to the full House for more debate. Mississippi legalized fantasy sports betting last ...

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Mississippi casino revenues rise in December and all of 2016

Mississippi casinos ended 2016 on a high note, with revenue rising in both December and the year. State Revenue Department figures show gamblers lost $171 million in December, up 2 percent from $167 million in the same month in 2015. Revenue rose 1 percent in 2016 to $2.12 billion. That’s the second yearly increase after seven declines, but statewide collections ...

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Casino developers reapply to build 2 new casinos along coast

An official says that developers have reapplied to build two casinos along the Mississippi Gulf Coast whose proposed sites were previously rejected by gaming commissioners. Allen Godfrey, executive director of the Mississippi Gaming Commission, tells The Sun-Herald that developers RW Development and Jacobs Entertainment have reapplied. RW Development proposed building South Beach Casino on the northeast side of Veterans Avenue ...

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Mississippi governor: Time to consider starting a lottery

Gov. Phil Bryant told lawmakers in his State of the State speech Tuesday night that it might be time for Mississippi to create a lottery as a way to generate revenue without raising taxes. His proposal was met with only a smattering of applause. Mississippi is one of six states without a lottery, according to the National Conference of State ...

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November Mississippi casino revenue dips after October rise

Mississippi casinos saw revenue fall in November, with gamblers losing 4 percent less statewide. Figures released by the state Revenue Department show casinos won $155 million in November, down from $161 million in 2015’s same month. Gamblers lost $88 million at the 12 coastal casinos — 4 percent less than last November. It’s only the sixth decrease for coastal casinos ...

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Feds: Man faces charge in illegal sports betting case

Court records show a South Mississippi man faces prosecution in an illegal sports betting enterprise involving internet-based sports books in Costa Rica and the United States. The Sun Herald reports Kenneth Schmitt, accused of committing his crimes in Diamondhead and Biloxi, is set for an initial appearance Dec. 20 in federal court. The U.S. Attorney’s Office has charged Schmitt in ...

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