Mississippi Sports Betting Sees 18% Growth in November
Mississippi’s sports betting market experienced a strong upswing in November, with total wagers rising 18% compared to October, reaching $57.8 million. The state’s gaming tax revenue also saw a dramatic increase, climbing 187% month-over-month to hit $8.04 million.
Coastal Region Leads the Market
The coastal region was the top performer, accounting for the majority of the state’s handle with $38.9 million in wagers. Key highlights include:
- $20.7 million wagered on football, reflecting the continued dominance of the sport during its peak season.
- $11.9 million bet on baseball, as the MLB season wrapped up.
- $7 million placed on basketball, fueled by the start of the NBA season and NCAA action.
Central Region: Football and Parlays Drive Betting
The central region reported a handle of $13.1 million, with players favoring a mix of sports:
- $5.3 million came from parlay bets, a popular option for maximizing potential winnings.
- $3.8 million was wagered on football, underscoring its importance across all regions.
- $3.5 million went to basketball bets, a close contender in terms of popularity.
Northern Region: Modest but Steady Growth
In the northern region, betting activity reached $5.8 million, with similar trends emerging:
- $2.3 million came from parlay bets, leading the region’s handle.
- $2.1 million was wagered on football.
- $1.1 million was placed on basketball.
Tax Revenue Soars Amid Handle Growth
The November handle not only represented an 18% month-over-month increase but also drove a significant jump in tax revenue. The $8.04 million collected represents a staggering 187% rise from October.
Football’s dominance in November betting reflects seasonal trends, with the NFL and college football seasons in full swing. Mississippi bettors continue to show a strong preference for the sport, which accounted for a substantial portion of wagers across all regions.
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