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Tag Archives: gambling

Sports betting could keep casino revenue rolling in Miss.

The president of the American Gaming Association says while casino revenue has leveled off in Mississippi and other states, sports betting could be that new amenity consumers want, which will keep tax money rolling in. Geoff Freeman, speaking in Biloxi on Wednesday, said fantasy sports really kicked off the conversation of sports betting nationwide. The Sun Herald reports the AGA ...

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Gulf Coast casinos power Mississippi’s February revenue gain

Booming Gulf Coast casino revenues continue to buoy Mississippi’s statewide totals. Figures from the state Revenue Department show casinos won $190 million in February, up 5 percent from $181 million in February 2015. Gamblers lost $105 million at the 12 coastal casinos, 10 percent more than last February. Strong performance has continued through December’s opening of D’Iberville’s Scarlet Pearl casino. ...

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IRS plan to require tax forms for wins of $600

BILOXI — Casino operators in South Mississippi are coming out against an IRS proposal that would require players to file tax forms any time they win $600 or more on slot machines, keno or bingo. The threshold currently is $1,200. Hit that amount or higher and the slot machine freezes and stays locked until the Internal Revenue Service form is ...

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Miss. casino revenue falls on river casino weakness

JACKSON — Mississippi casino revenue fell in November, as continued weakness at casinos along the Mississippi River outweighed gains on the Gulf Coast. State Department of Revenue figures show casinos statewide won $156 million from gamblers in November, down 5 percent from $164 million in November 2013. The 12 coastal casinos won $82.8 million, up less than 1 percent from ...

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