Published on October 21, 2013 by April Gardner

For many states, the tip to the industrial recession brought a rise in casino gambling activity. States reminiscent of Florida, Louisiana, and Nevada have rebounded in grand fashion from the low revenue figures seen in the course of the recession.

One state that isn't experiencing the gaming revival is Mississippi. Casinos in Mississippi was struggling to realize back customers, and so they received more bad news from the dep. of Revenue this week.

According to figures released Monday, casino revenue at Mississippi casinos dropped 4.4%, to $170.2 million. That figure represents the drop from the similar period in 2012.

The river casinos took the worst hit, with the 18 river casinos combining to drop 10% from September 2012. The coastal casinos fared much better, increasing revenue to $88 million. The $88 million represents a 1.7% increase from last year.

The year-over-year monthly loss is miniscule when put next to the year-over-year figures. Up to now 12 months, revenue was down over 75% from the state's best year during that span, back in 2007. Whether the state will ever fully get over the recession is now being questioned.

"With the volume of expansion throughout the casino industry within the US during the last few years, the state's that in the past held a monopoly on casino gaming have all seen revenue decreases," said analyst Harvey Grant. "And with casinos in nearly every state now, it's getting harder for Mississippi, New Jersey, and Nevada to draw the traveling gamblers they used to make a living on."

Mississippi was hit hard by Hurricane Katrina back in 2005, and worked to rebuild their casino industry. Although the casinos in Mississippi didn't see the widespread destruction that occurred in Louisiana, the wear was still enough to set the casinos back many years. When the industry began to rebound from the storm, the recession hit, and the casinos has been playing catch-up ever since.

Read More... [Source: Casino Gambling News]