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In February, Mississippi’s sports betting market saw a sharp decline, with $30.5 million in total handle. Compared to January’s numbers, this represented a drop of about $12 million. The data, which showed a significant decline in player activity, was made public by the Mississippi Gaming Commission.
Players from the coastal region continued to be the most active despite the drop, accounting for a sizable amount of all wagers placed in the state. The northern region trailed behind the central region, which was the second-largest contributor.
The most popular sport among Mississippi bettors was basketball. Nearly half of the total handle in February came from basketball wagers, which totaled $14.7 million throughout the state. The current college basketball season, especially with March Madness quickly approaching, probably contributed to the sport’s popularity.
In terms of regional performance, gamblers in the coastline region wagered almost $20.5 million, continuing to dominate the state’s betting market. Bettors from the central region wagered $6.5 million, and those from the northern region wagered $3.5 million.
Additionally, Mississippi’s taxable revenue decreased, coming in at about $1.2 million in February. This was a decrease of about $4 million from the month before. The state’s funding for public services may be impacted by the lower revenue, which would highlight the market’s monthly volatility.
While the February slump may raise concerns, sports betting operators often see fluctuations tied to seasonal events. With March Madness and other major sporting events on the horizon, the state’s handle and revenue figures may see a rebound in the coming months.