For much of the state’s history, Mississippi banned almost all forms of gambling. Eventually, lawmakers here began opening up the state’s casino market. Now, Mississippi casinos are helping to generate massive revenue earnings for the state.
Mississippi lawmakers have to be pleased seeing these casino venues generating so much revenue.
Now is the perfect time to look at exactly how much revenue these casinos are earning. We’ll also talk about some of the new gambling options now available in this state.
Mississippi’s New Gambling Laws, Explained
As we just mentioned, Mississippi once had an extremely restrictive set of gambling laws. Virtually all forms of gambling were banned here in 1886 and it took more than 100 years for laws to change. Finally, in 1990, politicians here approved the “Gaming Control Act” that allows legalized casinos to open in the state’s coastal and riverside areas.
Almost immediately, several companies began requesting licenses to operate casinos here. Before long, the state allowed several riverboat casinos to open their doors. Casino gambling quickly grew in popularity here, drawing in visitors from nearby states such as Alabama and Tennessee.
The state government quickly began looking for new ways to generate revenue from the gambling industry. Eventually, lawmakers here began allowing land-based casinos to run, as well. There are now a huge number of popular gambling establishments in Mississippi, almost all of which are located on the state’s coast.
To the surprise of many, lawmakers in this state also recently legalized sports betting. Two MGM Resorts-owned casinos began taking the first legal sports bets here in August of 2018. This industry is proving to be extremely lucrative.
Mississippi Casinos Bring the State Billions Every Year
The casino industry in Mississippi is booming right now. Thanks to the huge number of land-based casinos here and legal sports betting options, these venues are now bringing in more than $1 billion annually. Mississippi casinos are also generating more than $4 billion in total economic value for the state.
Mississippi’s casino industry employs more than 37,000 individuals. This includes those working as chefs, security guards, and florists. Casinos have proven to be extremely valuable to the state’s workforce.
The annual money coming into the state goes towards various projects. This revenue is used to fund roads, bridges, first responders, and public schools. These gambling establishments are now considered to be one of the most important contributors to the state’s economy.
Sports betting is proving to be extremely successful here, as well. Today, most of the casinos in this state now offer legal sports betting platforms. Thanks to the 2019/2020 NFL season, revenue from sports betting is increasing rapidly.
Many here are now calling for online casino gambling to become regulated. Is this likely to happen?
Calls for Online Casinos in Mississippi Continue
Residents in Mississippi are lucky. There are great casinos located all over the coastal area of the state. Of course, many are still calling for internet casinos to become regulated. For those located in the northern area of the state, making the trip to a land-based casino can be a pain.
Several states have recently legalized online casino gambling. These states, including New Jersey and Pennsylvania, recognize the huge revenue potential from the regulation of the online casino industry.
Lawmakers in Mississippi aren’t showing much interest.
Officials in the state government are hesitant to start regulating the online casino market. It appears that these officials are content with the money coming in from the state’s land-based gambling venues. Fortunately, there are some amazing MS online casinos that are currently available.
These websites are not regulated by the state. Most of them, however, are extremely safe and offer a wide range of different gambling options. As you might expect, these websites are growing more popular every single month.
Mississippi casinos are generating serious money right now. Nearby states may soon take notice and begin expanding their own gambling industries.
Stay tuned for more Mississippi casino news over the next few months!