Mississippi activities gambling is remaining offline.
Three bills looking to expand MS activities gambling to platforms that are mobile the state died in committee this week.
Mississippi was one of the first states to launch sports betting in 2018 but continues to be restricted to sportsbooks that are retail. Numerous betting that is mobile have failed in the years following legalization.
A seismic shift?
Currently, mobile betting is allowed on a casino’s property in the state. None of the state’s commercial casinos are using the“Mississippi that is so-called mobile option though.
The three failed bills could have changed the landscape that is betting bringing sports betting in Mississippi online:
- SB 2396 would have allowed each casino operator an online sportsbook.
- SB 2732 and HB 1042 proposed expanding legislation that is existing carry on the web betting statewide.
Mississippi Sports revenue that is betting
Since launching in August 2018, Mississippi has generated $103 million in sports betting revenue, and $12.4 million in taxes on $890 million wagered.
In 2020, the state’s wagering created more than $43 million in revenue and $5.2 million in taxes. A wealth of potential tax revenue will continue to go into the illegal market.“Every unless the state’s 24 casino operators can open up statewide mobile time an incredible number of Us citizens in 15 states gain access to advanced mobile sportsbooks, permitting them to put wagers on the favorite groups and leagues in the home while fostering tax that is much-needed,” Sen. Philip Moran
said in a release SB that is introducing 2732. “Unfortunately, Mississippi legislation doesn’t authorize sports that are online, but this bill seeks to change that.
“Mississippi has been leaving money on the table by not authorizing online sports wagering, and it is time to modernize Mississippi’s gambling offerings and do what’s best for mississippians*)Maturing that is MS activities market that is betting*)Even without the extra betting mobile would bring, Mississippi is watching its monthly handle grow, hitting an all-time high of $61.1 million in October 2020.
The first half of 2020 was slowed because of COVID-19. As sports returned in August, however, the state’s handles that are monthly to grow year-over-year.
Both And December 2020 revenues more than doubled compared to 2019, drawing
and $7.7 million respectively november. Those numbers pale in comparison to markets with mobile wagering however.Neighboring state potentialNeighboring Tennessee launched mobile-only betting in late 2020, while Alabama and Florida offer potential that is untapped.
Arkansas has betting that is retail Louisana
voters approved sports betting in November 2020.
In And December, Tennessee brought in (*)$5.4 november million(*) in fees through its mobile wagering.(*)The capability to draw customers that are potential neighboring states is dwindling, nonetheless. Numerous states legislatures are considering legalizing activities gambling.(*)