Mississippi Casino Revenue Falling

By: The Associated Press
By: The Associated Press

Jackson, Miss. Month after month, Mississippi's casinos are winning less from gamblers.

Some months, such as August, see a blip, and revenue rises a little. But those are exceptions. After hitting nearly $2.9 billion in 2007, revenue fell 22 percent to $2.25 billion in 2012. And the take is on track to dip another $100 million in 2013.

What was Mississippi's miracle industry of the 1990s has 15,000 fewer employees than it did in 2000, and the slide also is cutting into gambling taxes.

Increased competition is drawing some gamblers to other states, and casino executives say others never came back after the recession. Some Mississippi casinos are cutting costs, and that might keep them from investing in renovations and marketing for new customers.

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