Mississippi once was the nation's third-largest gambling market, but has lost standing in the last few years, The Clarion-Ledger reported."
Officials are blaming an increase in competition stating that casinos are popping up everywhere around them, thus taking a lot of their business elsewhere. These new locations are winning business due to the convenience of proximity to larger markets such as Dallas, Tx (new Oklahoma & Louisiana casinos on the border) . This very well may be the case. Land based casinos are extremely limited in terms of reach; they are brick-and-mortar, fixed locations and are subject to geographical barriers. This has led to a $54.4 million decrease in tax revenue for the state. That is exactly why State Rep. Bobby Moak said that "the best bet is online gaming, currently illegal in Mississippi". He will be rolling up his sleeves and going to work to get it legalized so that the state can "tap into [that market],".
As we have said over and over again, the opportunity size of increasing revenue for the states as well as providing more jobs is far too great for states to ignore. Mississippi is the next duck in the row; more will follow.
The Wager Wars Team
Source: http://www.heraldonline.com/2013/08/04/5083873/mississippi-casinos-upping-the.html
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