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TOPIC: mississippi sports betting

mississippi sports betting 2 years 9 months ago #33958

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п»їMississippi Again Punts On Mobile Sports Betting Expansion.
Mississippi sports betting is staying offline.
Three bills aiming to expand MS sports betting to mobile platforms in the state died in committee this week.
Mississippi was one of the first states to launch sports betting in 2018 but continues to be restricted to retail sportsbooks. Multiple mobile betting bills have failed in the years following legalization.
A seismic shift?
Currently, mobile betting is allowed on a casino’s property in the state. None of the state’s commercial casinos are using the so-called “Mississippi mobile” option though.
The three failed bills would have altered the betting landscape by bringing sports betting in Mississippi online:
SB 2396 would have allowed each casino operator an online sportsbook. SB 2732 and HB 1042 proposed expanding existing legislation to carry online betting statewide.
Mississippi sports betting revenue hamstrung.
Since launching in August 2018, Mississippi has generated $103 million in sports betting revenue, and $12.4 million in taxes on $890 million wagered.
In 2020, the state’s wagering created more than $43 million in revenue and $5.2 million in taxes. Unless the state’s 24 casino operators can open up statewide mobile, a wealth of potential tax revenue will continue to go into the illegal market.
“Every day millions of Americans in 15 states have access to state-of-the-art mobile sportsbooks, allowing them to place bets on their favorite teams and leagues at home while fostering much-needed tax revenue,” Sen. Philip Moran said in a release introducing SB 2732. “Unfortunately, Mississippi law does not authorize online sports betting, but this bill seeks to change that. “Mississippi has been leaving money on the table by not authorizing online sports wagering, and it is time to modernize Mississippi’s gambling offerings and do what’s best for Mississippians.”
Maturing MS sports betting market.
Even without the extra betting mobile would bring, Mississippi is watching its monthly handle grow, hitting an all-time high of $61.1 million in October 2020.
The first half of 2020 was slowed because of COVID-19 . As sports returned in August, however, the state’s monthly handles continue to grow year-over-year.
Both November and December 2020 revenues more than doubled compared to 2019, drawing $8.1 million and $7.7 million respectively. Those numbers pale in comparison to markets with mobile wagering however.
Neighboring state potential.
Neighboring Tennessee launched mobile-only betting in late 2020, while Alabama and Florida offer untapped potential. Arkansas has retail betting and Louisana voters approved sports betting in November 2020.
In November and December, Tennessee brought in $5.4 million in taxes through its mobile betting.
The ability to draw potential customers from neighboring states is dwindling, however. Multiple states legislatures are looking at legalizing sports betting.


Mississippi Sports Betting.
Online Sportsbooks В· States В· Mississippi.
Even though most US states still haven’t legalized sports betting, some did it a relatively long time ago. The Magnolia State belongs to that group of states. Not only is Mississippi sports betting perfectly legal, but there’s also an act that prevents future laws from banning it.
Mississippi might be heading towards adding mobile sports betting. Cedric Burnett, Democratic Representative, has introduced a bill that would allow sports betting on mobile devices. Burnett’s bill would allow any of the state’s 24 bricks-and-mortar casinos to launch state-wide mobile sports betting and the tax rate for would be around 6% which is lower than the current 8% at casinos.
Contents.
Best Online Betting Sites in Mississippi Betting Apps in Mississippi Mississippi Sports Betting: Events & Betting Markets Mississippi Online Betting FAQ.
Mississippi Daily Fantasy Sports (DFS)
Daily Fantasy Sports (DFS) is a new way to play on major league sports teams and players in Mississippi. Try your sports knowledge skills by playing DFS, on a variety sports events like NFL, NBA, MLB, NHL PGA, MLS, and more.
Best Online Betting Sites in Mississippi.
The state put the Mississippi Gaming Commission in charge of everything regarding Mississippi online sports betting. This governmental body decided in 2018 that all forms of gambling are legal in this state, but there’s a twist. Gambling can only take place in brick-and-mortar casinos that carry a valid license.
In layman’s terms, this means that Mississippi sports betting is possible only in-person. All forms of remote betting are not allowed, Mississippi online betting included.
However, this state has also decriminalized online betting. And because it’s no longer a crime to bet online, many players have decided to use offshore sportsbooks. That’s exactly the reason why Mississippi gambling officials might take a rain check on their online and mobile betting laws.
States where you can already place an online sports bet today :
Betting Apps in Mississippi.
At the moment, there are just over 20 casinos in Mississippi that run sportsbook operations on their grounds. Some of those casinos let players bet online using Mississippi betting apps, but only while located within the casino.
Speaking of online and mobile betting, it’s expected Mississippi will make it legal in the upcoming months. Once that happens, the players will be able to use Mississippi betting apps on their devices wherever they might be.
With Mississippi online sports betting apps, players will get all kinds of benefits coming their way, including:
Registration through iOS or Android devices Collection of welcome bonuses Deposits & withdrawals via their smartphones/tablets Placing live bets Having online support at their disposal.
When Mississippi online sports betting becomes legal even off casino grounds, players will probably be asked to confirm their age. In the whole of the US, betting is allowed only for those over 21. In order to be allowed to use Mississippi betting apps, players will have to confirm their age in person.
Mississippi Sports Betting: Events & Betting Markets.
Going forward, there are multiple types of bets that you can expect once the online bookmakers go live. Take a look at different types of bets you will most likely be able to place, but also find out what are the best Mississippi events to bet on as well.
Type of Bets.
Mississippi betting legal acts allow the players to wager money on any kind of bet offered by the sportsbook. We’re talking markets like match winner, number of points, handicap, player markets, and so on. Sports betting is also possible for live events, as long as it’s in the sportsbook’s offer.
Best Mississippi Events & Teams to Bet On.
Although Mississippi doesn’t have any major sports teams, the state is the home to a big number of college teams. We’re talking Mississippi State Bulldogs, Mississippi Rebels, Jackson State Tigers, and so on. And according to Mississippi betting legal regulations, you can bet on those teams!
Apart from betting on Mississippi-based college teams, players are also allowed to wager money on any other NCAA team. Going forward, it’s also possible to bet on all the major leagues in the United States. You can bet on competitions like the NBA, NFL, MLB, MLS, UFC, and so on.
You can wager money on sporting events from all around the world, including major competitions like the Olympics. You can also bet on European competitions such as the soccer Champions League, for example.
Mississippi Online Betting FAQ.
Here are some of the most common questions regarding Mississippi online sports betting. Reading the answers can make things clear about this form of gambling.
Is sports betting legal in Mississippi?
All forms of gambling, including sports betting, are legal in the Magnolia State. Actually, Mississippi was one of the first states to decriminalize this gambling form.
Who can place a sports bet in Mississippi?
You need to be over 21 in order to bet. This law applies to all the US states that have legalized sports betting, Mississippi included.
Is mobile betting available in Mississippi?
At the moment, Mississippi online betting and mobile wagering is possible only in certain casinos. Remote sports betting is not currently legal. However, it’s also not a crime; it falls into a gray area at the moment.
When is mobile betting expected to become legal in MS?
Considering that mobile betting is not illegal in this state, many Mississippians are using offshore sportsbooks for this purpose.
Instead of letting the money pour out of the state, gambling officials are expected to tweak their Mississippi betting legal acts. Therefore, it’s expected for mobile/online betting to become legal in this state in a foreseeable future.
Can you bet on Mississippi-based collegiate sporting events?
Some states do ban betting on state-based NCAA teams, but Mississippi is not one of them. You can place bets on events involving all the teams from this state. Of course, as long as they’re included in the betting offer of the sportsbook.


Mississippi Sports Betting Information – Sportsbooks, Betting Sites.
In addition, tribal casinos owned by the Mississippi Band of Choctaw Indians have opened sportsbooks. The Golden Moon Hotel and Casino and the Bok Homa Casino, both under the Pearl River Resort umbrella, now have sports betting lounges. Tribal casinos do not fall under the blanket of the state’s gaming board.
Below is a primer on the Mississippi sports betting scene.
Mississippi Sports Betting Overview.
In June 2018, the Mississippi Gaming Commission’s website rolled out their regulations, covering everything from definitions of sports betting terms to how to pay out wagers. The 22-page document makes no allowance for an “integrity fee” or royalty to be paid out the professional sports leagues. By the end of the summer, 20 commercial and two tribal sportsbooks had opened for sports betting.
“The tax rate on [on sports betting revenues] will be 12 percent — 8 percent going to the state, 4 percent local tax, which is the same as every other gaming tax in Mississippi,” Allen Godfrey, Executive Director of the Mississippi Gaming Commission, told Sports Handle.
For the time being, sports betting is allowed only on premises at the casinos, some of which may offer apps, which will only be accessible on premises as well. For example the tribal casinos, Bok Homa, Golden Moon, and Silver Star, all a part of the Pearl River Resort, allow mobile wagers while on site via the PRRSports app.
Most sportsbooks offer wagering on a full menu of professional and collegiate athletic events, including Ole Miss and Mississippi State games. This is notable because some state regulations will not currently allow wagering on collegiate events in-state.
Mississippi Sports Betting Locations.
Land Based Casinos Open for Sports Betting.
Revenue on the rise.
Sports betting in Mississippi has outperformed expectations. Prior to legalization a Global Market Advisors study anticipated that the state’s in-person betting handle would be around $180 million per year. It didn’t take long to raise the bar. As sports betting operations were still getting set up in 2018, Mississippi managed to take in in more than $150 million in wagers from September – December alone. During its first full year of operation (August ’18 – August ’19) Mississippi sportsbook handle topped $300 million. During the calendar year for 2019 that number rose to $370 million, and with the 8% tax rate, netted the state more than $5 million.
While mobile wagering would take things to a new level, in the short term retail sportsbooks have drawn more visitors to casinos, restaurants, and hotels – a positive for Mississippi.
Mobile betting on the way?
While retail sportsbooks in Mississippi have been a success story, the state has yet to fully embrace online betting. In a time when online-friendly states like New Jersey are accepting more than 80% of its bets online, there’s enormous potential for growth in the Magnolia State and efforts are underway to make it happen.
Mobile betting would check a lot of boxes for Mississippi. Not only would it greatly increase the number of people that have easy access to sportsbooks, but it would do wonders for the variety of available bets. Online bookmakers can offer live, in-game wagers far faster than retail books. No matter how you want to bet an event, online sportsbooks typically have a way to do it.
In January 2020 Democrat Cedric Burnett filed HB 172, which would permit each of Mississippi’s casinos to offer an online/mobile sports betting product that could be used anywhere in the state. The only notable difference between live betting and online would be a slightly smaller 6% tax rate – a low, operator friendly rate by industry standards.
While there is support, it’s still unclear whether anything will get off the ground in 2020. Mississippi legislators will have until March 3rd to move forward with a bill.




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