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Casino Revenues in January 2010 Up in Mississippi, to $193 Million. An Encouraging Sign, but Still Less than the Level of One Year Ago



Good news for legislators (and casino owners) in Mississippi. Legislators, of course, depend on tax revenue from Casinos to help balance their budgets.

Revenue was up from December 2009, although down from one year ago. So it’s kind of a good news, bad news scenario.

In January, casino revenue in Mississippi was $193.2 million. That was up from the $184.9 million that the casinos won to close out 2009.

It shows that revenue is headed back towards where it was before the economic recession hit the US.

On the down side, casinos haven’t made a full comeback. In January 2009, revenue was five million dollars more than this January.

The two years before that, revenue was up 15 million dollars, showing how far the casinos have fallen.

“It still is going to take some time before revenue grows back to where it was before the recession,” said Gaming Analyst Steve Schwartz, “Most estimates do not have the casino industry in the US fully recovering until 2011.”

And it’s not just Mississippi. Las Vegas and Atlantic City, the two top gambling destinations in the country, have both experienced major revenue losses over the past year and a half.

Hell, I don’t care. I’ll play anywhere dudes.

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