Daily Archives: November 16, 2023

Mississippi sports betting market shrinks in October

The Mississippi Gaming Commission has posted a year-on-year drop in sports betting handle and revenue for October, while the Magnolia State also reported a month-on-month decline.

Betting handle in Mississippi amounted to $49.5m in October. This was 11.9% lower than the $56.2m posted in October 2022 and also 4.1% behind $51.6m in September this year.

In terms of revenue, this reached $7.3m during October. The Commission said this was down 5.2% from $7.7m last year and 9.9% behind September’s $8.1m.

Mississippi players head to the coast

Coastal casinos remained the most popular venues to place sports bets in Mississippi during October. These casinos took the most wagers and also generated the highest amount of revenue in the month.

Players spent a total of $33.8m at coastal casinos in October, with the venues turning $4.5m in revenue for the month.

Elsewhere, central casinos processed $9.7m in sports bets and reported $2.1m in wagering revenue. A further $6.0m was bet at northern ..

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Arizona sports betting handle hits six-month high in September

Consumers in Arizona spent $610.7m (£492.7m/€563.0m) betting on sports in September, the highest monthly total since March.

The September figure was 13.5% higher than $538.0m last year and 13.3% more than $538.9m in August 2023. It is also the sixth time monthly sports betting handle surpassed $600.0m in Arizona.

Of this total, $605.2m was bet with online operators and $4.0m retail sportsbooks. Players won a total of $550.6m wagering on sports in Arizona in September.

Adjusted gross event wagering receipts before free bets hit $59.7m. This was up 8.2% from September 2022 and almost double the $30.9m reported in August. Online gross receipts amounted to $59.0m and retail just $473,199.

Arizona free bets exceed $27.0m in September

Free bets and promotional credits in September totalled $27.1m, almost all of which came from online operators.

After discounting these free bets, adjusted gross event wagering receipts hit $32.6m. This was 6.2% higher than September 2022 and also 52.3% ..

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DraftKings smashes more Massachusetts sports betting records in October

DraftKings set new monthly records for sports betting handle and revenue in Massachusetts during October, while the Bay State’s overall market also grew month-on-month.

Players in Massachusetts spent a total of $571.8m (£461.5m/€527.6m) betting on sports in October, up 11.6% from $512.2m in September. It is also the second-highest monthly total since the state launched legal betting in March, just short of the $579.3m bet in April.

Online sports betting spend in October reached $555.7m, with retail wagers at $16.0m.

Massachusetts just misses out on revenue record

Turning to taxable sports betting revenue, this also increased month-on-month following the rise in handle.

Total market revenue amounted to $59.2m, up 18.9% from $49.8m in September. This was also just 3.0% shy of the $61.0m record set in May.

Online betting generated $58.2m in total revenue, with retail’s contribution in October at $979,329.

DraftKings revenue exceeds $300m in October

Breaking down the market by oper..

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