The Mississippi sportsbook handle for the month of September reaches $52,220,289. This shows a 29% increase from August’s handle, which is about an $11 million difference. And just like Price Per Player, revenues from sports betting are also rising, with the state’s September revenue at $6,598,931. This is a huge 76% increase from August’s revenue of $3,748,732.
Granted, the pandemic is somewhat of a hurdle that many in the industry are facing. But with online bookie software available for those who want to create their very own sportsbooks, things are much easier to manage. And since the sports industry is practically back in full swing, save some cancellations and postponements, the betting market is doing great.
Mississippi Sportsbook Handle Numbers
If we look at the year-on-year data, we can see that the Mississippi’s sports betting market is still doing remarkably better. For instance, September 2020’s betting handle is $52.2 million, which is 47.9% higher than September 2019’s $37.87 million. Its revenue for September 2020 is 17.2% higher than September 2019’s $5.63 million.
Football is the top sport that residents are betting on. Its also the first month of football season, so industry experts are anticipating better handle and revenue for the remaining months of the year. College football is also popular. All in all, all football wagers are about $22.3 million. Next on the ranks is basketball, which has around $11.3 million in wagers for September.
Mississippi Online Gambling
One of the issues of online sports betting in the state, is that mobile sports betting can only be done within the walls of retail casinos. Given that the coronavirus pandemic is either shutting down or limiting the capacity of these establishments, it’s become a challenge to increase the handle and revenue. Simply put, allowing online betting from anywhere in the state can contribute to an even higher betting handle and revenue for the state.