Mississippi Sports Bettors Crush It in Football, Causing Drop in Taxable Revenue

Mississippi sportsbooks saw a slight rise in handle in October, up to $32.8 million against $31.8 million in September. The Gulf Coast-area sportsbooks continued to account for more than half of handle across the state, writing $21.8 millionĀ in wagers. And football remains king, accounting for $22.5 million of the total handle.

Like both New Jersey and Delaware, Mississippiā€™s hold, or win percentage, dropped significantly from September to October. During the first full month of football, the Magnolia State had a whopping 17.3 percent win percentage, but that plummeted to 3.59 percent in October. New Jerseyā€™s October hold fell to 4.4 percent and Delawareā€™s fell to 3.5 percent.

For comparison, in Mississippi, the hold was 10 percent in August and Nevada traditionally has a 5 to 7 percent hold, so while 3.5 percent looks low, itā€™s not as alarming in context or as if the sportsbooks overall landed in the red.

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Read more Mississippi Sports Bettors Crush It in Football, Causing Drop in Taxable Revenue on SportsHandle.

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