Miss. casino revenue rebounds in July

Aug 21, 2009 2:51 AM
Staff & Wire Reports |

Revenue for Mississippi's state-licensed casinos fell 9.5 percent in July compare to the same month last year, but rebounded from a disappointing June.

State Tax Commission figures show Mississippi's 30 casinos won $225.6 million last month as the industry took in about $23.5 million less than in July 2008, when revenue was $249.1 million.

But the industry won $36 million more in July compared to June, when casinos won less money from gamblers than during any month after the reopening of coast casinos in December 2005 following Hurricane Katrina. Revenue was $189.6 million in June.

Casino revenue, or "win," is the net amount of money won from gamblers. It is not profit.

The gross earnings figure represents casino revenue only.

Question? Comment? E-mail the staff at: Staff of GamingToday

Related Articles:
Nevada revenues hit new low
Casino revenues still in freefall
Nevada revenues continue to slide
More defaults ahead for debt-heavy casinos