Mississippi Coast casinos had their best December in 26 years, after
legalized sports betting allowed Saints fans across the Gulf Coast to
bet on their team this year.
The 12 casinos had a combined $106.4 million in gross casino revenue in December, a 7.5 percent increase over December 2017.
The only other time the Coast
casinos topped $100 million in December was in 2007 — before the
national recession and when South Mississippi was booming with
construction after Hurricane Katrina. That December’s revenue was $103
Gross casino revenue is the
amount wagered at a casino, minus the winnings paid to players and
before taxes and expenses. The gross revenue from sports betting is
added to the money the casinos win on the slot machines and table games,
and is taxed at 12 percent.
Read more here: https://www.sunherald.com/news/business/casino-gambling/article224532950.html#storylink=cpy