Mississippi casino winnings down from May to June

Published 1:27 pm Wednesday, July 21, 2010

Mississippi’s 30 state-licensed casinos saw a $14 million drop in winnings from gamblers between May and June, according to figures released Monday by the Department of Revenue.

Players left behind $189.6 million in June, down from $203.2 million in May. The figure was up from June 2009, when Mississippi’s casinos won $189.2 million.

Along the coast, 11 casinos took in $87.2 million last month, down from $95.2 million in May. In June 2009, the coast casinos took in $84.2 million.

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The 19 casinos along the Mississippi River, including Tunica, Vicksburg, Greenville, Lula and Natchez, won $102.3 million last month, down from $107.8 million in May, and trailed June 2009 when the casinos won $105 million.

Scott King, director of research and policy for the Gulf Coast Business Council, said he was not concerned about the drop between May and June because a check of the calendar shows May had one more weekend than June and casinos do most of their business on the weekend.

King said the year-to-year comparison show that revenue for the Gulf Coast casinos was up 3 percent.

“There are more mixed results than anything. The message is not really a negative one at this point,” he said Monday.

King said it does not appear the oil spill in the Gulf has had any major impact on the casinos.

“A lot of people in the regional drive-in market have done a good job of supporting the local casinos. We would expect in July if we’re not within 5 to 7 percent of where we were last July that you could attribute that to the oil spill,” King said.

“Win” is a gross figure, with no operating costs or other expenses deducted. And it’s casino revenue only — separate from hotel, restaurant or bar revenues generated by the resorts.

For the fiscal year that ended June 30, tax revenues from gaming totaled $287 million, down from $312 million the previous fiscal year.


Mississippi Department of Revenue, http://www.dor.ms.gov

Mississippi Gulf Coast Business Council, http://www.msgcbc.org