Mississippi Sportsbooks Generate $9.8 Million Handle In First Month of Sports Betting
Licensed Mississippi sportsbooks generated $9.8 million in total handle during the state’s first full month of sports betting, Aug. 1-Sept. 3, according to Mississippi Gaming Commission executive director Allen Godfrey.
Following Delaware and New Jersey, the Magnolia State became the third to have properties accept legal wagers since the Professional and Amateur Sports Protection Act (PASPA) was struck down in May. PASPA had banned every state but Nevada from allowing full-fledged sports wagering. Delaware’s three sportsbooks took in a $8.2 million total wagers in its first full month (June 25-July 29) while New Jersey’s four sportsbooks (at the time) produced a handle of $40.6 million for its first full month (July 1-31).
Figures on the hold or respective handle at each property was not available Thursday, nor was tax revenue information, but Mississippi taxes its sportsbooks a total of 12 percent — 8 percent state and 4 percent local — which mirrors every other gaming tax in the state.
20 Sportsbooks Are Now Open for MS Sports Betting, As Magnolia State Reports First Month’s Handle
Both Delaware and New Jersey are using cash accounting systems, where futures bets are included in handle, while Mississippi is using an accrual system, like Nevada does, and futures bets are held out of the total.
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