Mississippi strikes once more to develop cell sports activities betting
Mississippi Sports betting remains offline.
Three bills expanding MS sports betting to mobile platforms in the state died on committee this week.
Mississippi was one of the first states to launch sports betting in 2018, but remains limited to retail sports betting. In the years following legalization, several mobile betting bills have failed.
Mobile wagering is currently permitted on the property of a state casino. However, none of the state’s commercial casinos use what is known as the “Mississippi Mobile” option.
The three failed bills would have changed the betting landscape by putting sports betting online in Mississippi:
- SB 2396 would have allowed any casino operator to have online sports betting.
- SB 2732 and HB 1042 suggested expanding existing legislation to include online betting nationwide.
Sports betting income in Mississippi is severely limited
Mississippi has been generating since it started in August 2018 $ 103 million in sports betting revenue and $ 12.4 million in taxes $ 890 million bet.
In 2020, the state’s bets created more than $ 43 million in receipts and $ 5.2 million in taxes. As long as the state’s 24 casino operators cannot open a nationwide cell phone, an abundance of potential tax revenue will continue to pour into the illegal market.
“Every day, millions of Americans in 15 states have access to cutting-edge mobile sports betting that allows them to place bets on their favorite teams and leagues at home while generating much-needed tax revenues.” Senator Philip Moran A press release on the launch of SB 2732 stated, “Unfortunately Mississippi law does not allow online sports betting, but this bill aims to change that.
“Mississippi has left money on the table by not authorizing online sports betting, and it is time to modernize Mississippi’s gambling offerings and do the best for Mississippians.”
Mature MS sports betting market
Even without the extra betting mobile, Mississippi would watch its monthly grip grow, reaching an all-time high of $ 61.1 million in October 2020.
The first half of 2020 was slowed down due to COVID-19. However, with the return of sport in August, the state’s monthly settlements continue to grow year over year.
In both November and December 2020, revenues more than doubled compared to 2019 $ 8.1 million and $ 7.7 million respectively. However, those numbers pale in comparison to mobile betting markets.
Neighboring country potential
neighbours Tennessee At the end of 2020 only mobile bets were launched Alabama and Florida offer untapped potential. Arkansas has retail bets and Louisana Voters approved sports betting in November 2020.
Tennessee brought in November and December $ 5.4 million in taxes through its mobile betting.
However, the possibility of attracting potential customers from neighboring countries is dwindling. Several lawmakers are trying to legalize sports betting.