Overview of the Mississippi Sports Betting Market
Since its launch on August 1, 2018, Mississippi has offered retail-only sports wagering at licensed land-based casinos. Mobile wagering remains restricted to on-premises use only, meaning bets placed through apps such as BetMGM, Caesars, or the locally developed Pearl River Resorts platform must be made while physically at the casino.
Market Performance Highlights (2018–Q1 2025)
- Handle Growth: Mississippi’s annual sports betting handle increased from $158.6 million in 2018 to a peak of $586.1 million in 2021, before gradually declining to $452.4 million in 2024. The state recorded $107.5 million in total handle during Q1 2025, showing modest quarterly activity.
- Gross Gaming Revenue (GGR): GGR rose from $15.18 million in 2018 to a high of $65.87 million in 2021. It then declined to $43.34 million in 2024, indicating a contraction in bettor losses or tighter odds. Q1 2025 GGR stood at $8.29 million.
- Hold Percentage: Mississippi's hold percentage has fluctuated annually, ranging from 9.57% in 2018 to a peak of 13.22% in 2020, before dropping to 9.92% in 2024. In Q1 2025, the average hold dropped further to 7.71%, driven by a particularly soft February (4.24%).
- Tax Revenue: Sports betting tax collections climbed from $1.67 million in 2018 to $7.25 million in 2021, before declining to $4.77 million in 2024. Notably, Q1 2025 alone generated $911,792, putting the state on pace for its lowest annual tax take since 2018.
Financial data presented on this page is pulled directly from the Mississippi Gaming Commission's monthly and annual reports. This is the ONLY data you can trust!
Q1 2025 Snapshot
| Month | Handle | GGR | Hold % | Tax Revenue |
|---|---|---|---|---|
| January 2025 | $42.52M | $5.08M | 11.95% | $559,182 |
| February 2025 | $30.54M | $1.29M | 4.24% | $142,425 |
| March 2025 | $34.46M | $1.91M | 5.55% | $210,185 |
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