Mississippi rings up $1 million in revenue from sports betting

People have wagered $116 million on sporting events at Mississippi casinos, resulting in $1.03 million in tax revenue for the state since the U.S. Supreme Court ruled federal law could not prevent states from allowing sports betting.

The first Mississippi casinos began offering sports betting in August. The state collected $54,000 in revenue that month. In November, $188,000 in revenue was collected.

Allen Godfrey, executive director of the state Gaming Commission, said there are still a few of the state’s 28 casinos not offering sports wagering.

Casinos pay a 12 percent tax – 8 percent to the state and 4 percent to the local government where they are located – on their winnings from the gambling games they offer, including on earnings from sports bets.
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