Casino Revenue Falls in August

By: The Associated Press
By: The Associated Press

Revenue for Mississippi's 30 state-licensed casinos fell 9.1 percent in August as compared to July.

Figures released Tuesday by the Mississippi State Tax Commission show casinos won $206 million last month, about $18.8 million less than in July. The casinos took in $238.2 million in August 2008.

The industry had rebounded somewhat in July, at $224.8 million, from a dismal June, when casinos won less money from gamblers than during any month after the reopening of coast casinos in December 2005 following Hurricane Katrina. Revenue was $189.2 million in June.

Casino revenue, or "win," is the net amount of money won from gamblers. It is not profit.

The gross earnings figure represents casino revenue only, separate from hotel, restaurant or bar revenues generated by the resorts.

The casinos along the Mississippi River won $109.6 million last month compared with $120.6 million in July. The Mississippi Gulf Coast casinos took in about $96.4 million in August compared with about $104.1 million in July.


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