Casino Gambling

Coast casinos’ luck returned in June with revenue increase

The numbers tumble on a slot machine at the IGT booth during 2017 Gaming Summit in Biloxi, May, 3, 2017. The 12 Coast casinos saw casino revenue top $100 million in June and increase 6 percent from a year ago.
The numbers tumble on a slot machine at the IGT booth during 2017 Gaming Summit in Biloxi, May, 3, 2017. The 12 Coast casinos saw casino revenue top $100 million in June and increase 6 percent from a year ago. ttisbell@sunherald.com

In a year of ups and downs for South Mississippi casinos, June was a big plus to kick off the summer tourist season.

The Mississippi Department of Revenue reported Thursday that gross casino revenue on the Coast in June topped $100 million for the second time this year and was up by 6 percent from last year. The 12 Coast casinos won nearly $102 million in June compared to $96 million in June 2016, an increase of $5.6 million for the month.

River casinos struggled in June. Revenue dropped by $6.6 million to $72.5 million.

State revenue was down 0.5 percent in June to $174 million from $175 million a year ago.

Year to date, Coast casino revenue stands at $601.6 million, down $4.6 million — or less than 1 percent — from this time last year. Three months the revenue has been higher than last year and three months lower.

Twelve years after Hurricane Katrina, Coast casino revenue year-to-date is $40 million less than pre-Katrina levels. In 2004, the year before Katrina, the casinos had revenue of $641.7 million for the first six months compared to $601.6 million this year.

Casino revenues (in millions)

Gross revenues

June 2017

Month year

Change

Coast

$101.8

$96.2

+ 6%

River

$72.5

$79.1

- 8%

State

$174.3

$175.2

- 0.5%

Source: Mississippi Department of Revenue, Gaming Commission

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