Mississippi Casino Revenue Down 6% To $192m In July

Mississippi Casino Revenue Down 6% To $192m In JulyThe Mississippi Gaming Commission has released its casino results for July, revealing a sharp 6% fall in revenue to $192.1 million compared to the same month last year. The state’s latest figures adds to concern about Mississippi’s casino industry, which has been in steady decline since 2007, mostly due to the global recession and growing competition from nearby states, such as Louisiana. Since July 2012, casino revenue has now declined in all but one month with Mississippi casinos collecting roughly 75% of the amount they collected in 2007.
Also adding to the disappointment is the fact July is typically the best month for casinos in Mississippi, but since the state’s single-month winnings record of $268 million was hit in July 2008, revenue has declined every July since, culminating in last months figure of $192 million.
Breaking July 2013’s casino results down further, Mississippi’s 12 coastal casinos generated $97 million in revenue, down 8% from the $105.4 million they won the previous year, while the state’s 18 riverboat casinos won $95.2 million, down 4% from the $93.7 million they took in July 2012.
Highlighting the challenges facing Mississippi’s gambling industry, this year saw January’s casino result drop to its lowest point since 1997, February’s since 1998, and April’s revenue fall to its lowest tally since 1998. Commenting on the situation, Mississippi Gaming Commission executive director Allen Godfrey, said:
“People are more cautious with their money now..They just stopped coming. And we have to come up with the amenities to bring them back.”
Ways in which Mississippi has tried to reverse the continuing dramatic decline in its lucrative casino market recently includes several casino offering a $1 million giveaway promotion every Saturday night called the Millionaire Maker.

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this