NEW – Miss. casino revenue up in February

Published 9:05 pm Friday, March 20, 2009

Mississippi casino gambling revenue was $219 million in February, up $1 million over January.

Mississippi State Tax Commission records, however, showed that compared to February 2008, statewide revenues were down $34.7 million.

Tax Commission records posted Thursday show the Gulf Coast casinos took in $101.2 million in February, up $5 million from January but down about $9 million from February 2008.

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Casinos along the Mississippi River took in $117.7 million in February, down about $4 million from January and down $25 million from February 2008.

Casino revenue, or “win,” is the net amount of money won from gamblers. It is not profit. It represents casino revenue only — separate from hotel, restaurant or bar revenues generated by the resorts.

On the Net:

Mississippi State Tax Commission, http://www.mstc.state.ms.us/taxareas/misc/gaming/stats/GamingGrossRe venues.p df