25May

Mississippi CasinoAs the Mississippi River began to go up in April, Casinos along the Mississippi River saw a plunge in revenue. Compared to April 2010, casinos in South Mississippi also were downward for the month.

Winnings at the Coast casinos fell to $87.4 million from $92.5 million in April 2010 and it was reported by the Mississippi Department of Revenue. The 19 casinos along the Mississippi River won $101.9 million from players, while the casinos along the Gulf Coast took in $87.4 million in April.

Indian reservation casinos are not included in the Mississippi figures. These casinos are not required to report their winnings to the public. During the potholed economic recovery, the casino business has had its ups and downs with money for discretionary spending and travel were being tight for individuals and businesses watching dollars spent on conventions.

On a fiscal year, that begins July 1 and end June 30, Mississippi collects the gaming tax. Gaming taxes have brought in $234.2 million for the first 10 months of the fiscal year, including $77.8 million that is transferred to local governments.

Analysts have said that in addition to the plunge in the revenue, high gasoline processes have also weighed in.


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