Mississippi casinos in February showed a significant revenue decline, falling 10 percent compared with the same month last year.
State Revenue Department figures show gamblers lost $172 million last month, compared to $190 million in February 2016. The 12 coastal casinos posted revenue of $95 million, down 9 percent from $105 million in February 2016. This is the second-steepest monthly revenue reduction in four years on the Gulf Coast, a period when revenues have generally risen.
At the 16 Mississippi River casinos, revenue fell more than 10 percent to $77 million in February compared to $86 million in 2016. That’s the second straight sharp decline in a region that has seen years of falling revenue. Numbers omit the Choctaw Indian casinos, which don’t report winnings to the state.
Industry experts attribute some of the decline to increased competition from nearby states, especially Florida.