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SALTER: State gaming tax revenues down,...

SALTER: State gaming tax revenues down, casino industry squeezed into something different

By: Magnolia Tribune - October 15, 2015

Sid Salter: Mississippi gaming tax revenues on skids

More to the point, Mississippi took in some $344.58 million in gaming tax revenues in fiscal 2008. By fiscal 2015, that number had dropped to $250.18 million.

So are the best years for Mississippi’s gaming industry now behind it? Perhaps. After a little over 23 years since the casino gaming experiment began in Mississippi, a number of influences, including recession, high gas prices, regional competition and technological changes like online gaming have conspired to squeeze the industry into something different than its pre-recession incarnation.

But in terms of tax revenue, the horse is out of the barn, down the street and into the next county, based on the original tax structure adopted when casinos were legalized in Mississippi.

Clarion Ledger
10/14/15

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Magnolia Tribune

This article was produced by Magnolia Tribune staff.