Coast casinos report rising revenue

Coast casinos report rising revenue
New data is showing an encouraging trend for Coast casinos.

BILOXI, MS (WLOX) - New data is showing an encouraging trend for Coast casinos. The newly released Mississippi Gaming Commission report says October was another strong month for local casinos.

As a result, the money gamblers bet and lost in the first ten months of 2018 was four percentage points higher than this time last year. From purely a gross revenue standpoint, it’s very likely 2018 will be the industry’s best year in a decade.

Here's how the numbers compare from previous years:

October 2018 - $98.2 million

October 2017 - $94 million

October 2016 - $99.7 million

October 2015 - $88.1 million

October 2014 - $90.0 million

October 2013 - $83.2 million

How did the sports books do last month in South Mississippi? In a word, okay. Gamblers walked up to betting counters in October and placed almost $22 million in wagers on sporting events. The report says casinos only won a little more than $200,000 off those bets. That’s a win percentage for the casinos of just under one percent. Typically, a casino sports book will win between four and five percent from a sports wager.

To see how all of the casinos in the state have fared this year, read the Gaming Commission’s latest revenue report HERE.

Copyright 2018 WLOX. All rights reserved.