Last updated on July 17th, 2021 at 06:27 am
In its second straight month, the handle for sports betting in Mississippi increases this June. The state currently has 29 casinos, and their respective sportsbooks have a total of $43.1 million in total betting handle for June. This is 19.3% higher than May’s $36.1 million. The highest sports betting handle in a month that the state has is back in January with $67.7 million. The peak in handle is largely attributed to football season, which is the most popular sport in the state.
Many may wonder why the handle of Mississippi seems lower than that of other states. The answer is pretty simple, really. There are no online sportsbooks in Mississippi. The only way you can place bets online is if you are inside a casino, so technically, there are online sportsbooks. But their online sportsbooks are vastly different from the way running an online sportsbook successfully is to most betting markets.
Sports Betting in Mississippi
Of course, since we are still in the midst of COVID restrictions, retail shops and casinos still cannot operate 100%, so numbers are understandably down. And given the available sports events in sportsbooks, the offseason of football could also be a reason why action is low. Currently, the most popular sport Mississippi residents are betting on is basketball, with the NBA Playoffs happening in June. Basketball has around $19.5 million in betting handle, followed by baseball at $10.7 million in wagers. If you are learning how to be a bookie, knowing what your betting market prefers in terms of sports events can help you estimate how your sportsbook will fare each month.
Meanwhile, revenue for the state has also dropped for the second consecutive month. The revenue for June is $3.194 million. This is 17.8% lower than May’s $3.88 million revenue. This decline is mainly attributed to the hold percentage for June, which was at 7.41%. This is, however, pretty standard if we compare them to sports betting markets across the country. Of course, having online sports betting would be a welcome addition to expand the sports betting market in Mississippi. If you yourself want to have your own online sportsbook, you can easily find a Pay Per Head Bookie software to get you started.
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