Mississippi again enjoys another good month for sports betting with a new state record. Their October betting handle is $61.2 million. For those who want to learn how to be a bookie, the numbers for Mississippi are very encouraging. Especially when you see the month-to-month difference of $9 million. September’s handle is $52.2 million. If we look at their year-on-year data, its $13.1 million higher than October 2019’s $48 million.
The state’s previous record of the highest sports betting handle is $56,369,036, from November 2019. But October breaks this and sets a new record of $61,192,425. Of course, profit is a big factor for bookie pay per head and sportsbooks alike. In the case of Mississippi, its taxable revenue for October is $8.8 million. This is 32.9% higher that September’s $6.6 million. However, revenue for October slides down by 28.7% at $8,769,600 from September’s $12.3 million.
October Betting Handle
The best bookie pay per head sportsbooks see a lot of football action, which is the top sport that bettors in Mississippi wagered on last October. There is a bit more than $38.4 million wagered on football. The second most popular sport people bet on was baseball, raking in $7.9 million for the month.
The thing about sports betting in Mississippi, however, is the fact that the potential for mobile wagering is not fully explored. In fact, online wagers in the state can only be made inside the premises of casinos, land-based and riverboats. While Mississippi enjoys better sports betting numbers, many experts believe that it could be better. If mobile betting could be extended to cover the whole state, then more people will be inclined to wager online.
In fact, if we look at the best-performing states in terms of sports betting, we will see that open mobile betting across the state is a big factor. For instance, in New Jersey, 92.6% of wagers are done online. Pennsylvania’s bettors place their wagers online 89.5% of the time. Iowa and Indiana also have around 70% of their wagers come in from online sportsbooks.
