The Mississippi bookie industry is reporting a lower monthly handle for November. From October’s $83.527 million, November’s total sports betting monthly handle is down by 27.5% to $60.582 million. This is quite surprising, considering that many a bookie operation report growth in betting activity in their sportsbooks. Let’s delve deeper into Mississippi’s sports betting numbers.
Despite the lower betting handle, the sports betting revenue for Mississippi sportsbooks actually show a slight increase if 4.1%. From October’s revenue of $9,146,353, we have a revenue of $9,520,846 in November. As mentioned earlier, this is quite unusual, especially if we compare the handles of other states. In fact, other US states are setting new betting records with high betting handles for November. The answer could be pretty simple: it is not allowed to be an online bookie in the state.
Mississippi Bookie Industry
Currently, Mississippi residents can visit any of the 26 retail casinos to place sports wagers. BetMGM offers online betting, but it becomes pretty pointless since you can only access the online sportsbook if you are within the grounds of the Beau Rivage. The lack of online options could be a reason why sports betting numbers are declining in the state. Retail sports betting, as well as retail casinos have both seen drops in handle for the month. Offering online sports betting to more residents can be a a great way for the state to improve their numbers.
For those who want to learn how to be a bookie, remember the key sports leagues that continue to generate the highest share in betting handle. NFL betting still continues to be the top source of wagers from residents. November had one less weekend than October (4 instead of 5), so it could explain the decrease in betting handle. However, other sports leagues do continue to generate action from sports bettors across the country. You have the NBA, the NHL, and college sports.