re: Games of Skill - "Casinos" Skyrocketing in Arkansas

MS casino revenue dropping like a rock

quote:

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In 2013, the 30 Mississippi casinos collected $2.136 billion in gross gaming revenue. In 1997, 24 casinos collected $1.984 billion. The high year for revenue was $2.891 billion in 2007. The 2013 total is 5.1 percent below the $2.251 billion collected in 2012.

“The state of gaming is competition,” said Allen Godfrey, executive director of the Mississippi Gaming Commission. “Even Pennsylvania just had its first down month in the last five or six years.”

Mississippi casino revenue has been falling steadily since 2007 as more states legalize gaming in an effort to keep their gaming and tourism dollars at home. That competition especially has hurt the Mississippi River casinos, which have seen revenue fall from a high of $1.589 billion in 2007 to $1.072 billion in 2013 — about a 33 percent drop in six years.

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The "electronic games of skill" was passed by election for Oaklawn and Southland in 2006. Its no coincidence.