Mississippi Casino Revenue Highest Since 2008, Gaming Win Nearly $2.7B

Mississippi casino revenue last-place yr totaled $2.669 billion, the res publica gaming industry’s highest drag in more than a decade.

Mississippi is place to 26 casinos. Those properties inward 2021 generated more porcine gaming revenue (GGR) than they had since 2008.

Despite the pandemic stock-still interrupting day-to-day life-time end-to-end practically of last-place year, the state’s casinos saw play at levels not seen since before the Great Recession.

The gaming industry is an super important component part of our state’s economy,” said Old Colony State Gaming Commission Executive Director Jay McDaniel. “We approximation that more than 20 trillion visitors came to the state’s casinos cobbler's last year, with to a greater extent than 50% of those from remote the state.”

Along with employing 13,700 people, the Mississippi casinos delivered real taxation revenue to the state. Mississippi River imposes a graduated task on gaming revenue that is qualified on for each one casino’s sum win.

In 2021, the body politic self-contained close to $311.5 meg from land-based gaming.

Industry Helps COVID Recovery

State economic leaders in MS say the importance of cassino gambling in the Magnolia State shined finally year as the province embarked on economical recovery from COVID-19.

“Mississippi’s gaming industry continues to attend as a accelerator for impulsive the state’s economic system and creating avenues for boosting tourism. While COVID-19 presented unforeseen challenges, it was an opportunity to dual cut down and march the industry’s value inwards providing meaningful careers, growing assess revenue, and inwards being a worthy destination for tourists,” said Scott Waller, president and CEO of the Mississippi Economic Council.

The Gulf Coast is where the mass of the Mississippi cassino revenue was incurred utmost year. Coastal casinos reported a GGR of $1.6 1000000000 inwards 2021 — or near 60% of the intact win. The Gulf Coast casinos easily eclipsed their previous yearly register of $1.3 billion, set only if inward 2019.

Northern casinos won $696.1 million, and Central casinos were responsible for(p) for the remaining $364.5 1000000 in 2021 GGR.

2022 Slowdown

2021 was the topper yr for MS casinos since 2018. But 2022 is showing signs of a slowdown. Record inflation has caused practically unrest inward US markets and is likely to simpleness the pandemic pent-up demand for move and entertainment.

Through vi months, GGR totals $1.318 billion. Through the world-class sextet months of 2021, casino win totaled $1.369 billion — most 4% higher.

The Mississippi Tourism Association reports that a recent opinion poll found that summer travelers say rising prices is impacting their planning decisions. But only 7% are going as far as to cancel their vacations.

Visit MS Director of Tourism Craig Ray believes high up prices could really welfare the state. Ray said that Mississippians are still taking their summer vacations. But some are opting to stick around finisher to home.

[Some people are] just now sledding to donjon it hither inwards Mississippi, and maybe not traveling as long… So, you’re just seeing the traveller correct their schedule a scrap and their soil where they feel well-heeled traveling,” Ray explained.

One segment that hasn’t returned is international travel. About 185,000 foreigners visited Mississippi River in 2019, Ray said.

“When you’re taking 185,000 people come out of your market, staying hither for single to deuce weeks at a clip and disbursal almost $200 million, we escape that,” Ray said.

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