{"id":86088,"date":"2018-08-17T07:00:27","date_gmt":"2018-08-17T14:00:27","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=86088"},"modified":"2018-08-17T07:00:27","modified_gmt":"2018-08-17T14:00:27","slug":"penn-national-to-enter-mississippi-sports-betting-market-today","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/penn-national-to-enter-mississippi-sports-betting-market-today\/","title":{"rendered":"Penn National Gaming’s Hollywood Gulf Coast and Boomtown Casinos Enter Mississippi Sports Betting Market Today"},"content":{"rendered":"

From Friday, Penn National Gaming<\/a>\u2019s five Mississippi properties will enter the state\u2019s nascent sports betting market, effectively doubling its size.<\/p>\n

\"Mississippi
Penn National Gaming\u2019s Hollywood Casino Gulf Coast (pictured) will join the Boomtown Casino in Biloxi in the Mississippi sports betting market today \u2013 the first sports books the company has ever operated outside of Nevada. (Image: Penn National Gaming)<\/figcaption><\/figure>\n

The company announced its Hollywood Casino Gulf Coast\u00a0and\u00a0Boomtown Casino\u00a0<\/strong>in\u00a0<\/strong>Biloxi would launch full sportsbooks on August 17, with its three Tunica properties excepted to follow a week later.<\/p>\n

Hollywood Casino Tunica,\u00a01st Jackpot Casino Tunica, and\u00a0Resorts Casino Tunica\u00a0will all open sports betting operations on\u00a0August 24, said PNG.<\/p>\n

Mississippi legalized sports betting last year in anticipation that the US Supreme Court would strike down PASPA, which it did in mid-May. PASPA was the federal law that prohibited state-sanctioned sports betting.<\/p>\n

The Mississippi Gaming Commission approved a framework of regulation on June 21, setting in motion a 30-day waiting period for prospective licensees. The first mover was MGM Resorts, whose Beau Rivage Resort and Casino in Biloxi and Gold Strike Casino in Tunica began booking sports on August 1.<\/p>\n

Boyd\u2019s IP Casino Resort in Biloxi and Sam\u2019s Town in Tunica followed two days later, while Caesars Entertainment\u2019s Horseshoe in Tunica joined the market five days ago.<\/p>\n

All Eyes on NFL<\/strong><\/h2>\n

Mississippi\u2019s casinos are positioned to do well from sports betting. While the vertical is no magic bullet, accounting only for around 2 percent of casino revenues, casinos are hoping it will attract more visitors from neighboring states who are likely to spend money on other games.<\/p>\n

\n

Mississippi is surrounded by conservative states that — with the exception of Louisiana — have eschewed casino gaming. This year Louisiana rejected a bill<\/a> that sought to legalize sports betting, meaning Mississippi\u2019s closest current competitor is West Virginia, some 500 miles away.<\/p>\n<\/div>\n

While no figures on the new sector\u2019s revenues will be available until the end of August, operators are reporting smooth launches and are quietly optimistic. President and COO of Gold Strike David Tsai told The Times-Picayune this week that the advent of the NFL season in September will give operators a clearer picture.<\/p>\n

PNG\u2019s Footprint<\/strong><\/h2>\n

\u201cThe handle has been lower than we expect long-term,\u201d Tsai said. \u201c\u2026The better gauge for long-term volumes will be once football season kicks off in September. That said, our handle and betting volumes already exceed that in many Vegas casinos. We are seeing hundreds of guests coming on property to place sports wagers in our new sports book.\u201d<\/p>\n

As the largest casino operator by number of states, PNG has the potential market access to sports betting that others can only dream of. The finalization of its acquisition of Pinnacle Entertainment next quarter will further increase its footprint.<\/p>\n

The company is said to be in talks with William Hill over a nationwide sportsbook partnership, but there is no indication that a deal has been struck or that the Mississippi sports books will be branded with the logo of the British bookmaker when they launch today.<\/p>\n","protected":false},"excerpt":{"rendered":"

From Friday, Penn National Gaming\u2019s five Mississippi properties will enter the state\u2019s nascent sports betting market, effectively doubling its size. The company announced its Hollywood Casino Gulf Coast\u00a0and\u00a0Boomtown Casino\u00a0in\u00a0Biloxi would launch full sportsbooks on August 17, with its three Tunica properties excepted to follow a week later. Hollywood Casino Tunica,\u00a01st Jackpot Casino Tunica, and\u00a0Resorts Casino […]<\/p>\n","protected":false},"author":36,"featured_media":86090,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18,1074],"tags":[],"acf":[],"yoast_head":"\nPenn National to Enter Mississippi Sports Betting Market Today<\/title>\n<meta name=\"description\" content=\"Mississippi sports betting market is set to double as Penn National Gaming set to sports books at five casinos within the next week.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/penn-national-to-enter-mississippi-sports-betting-market-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penn National to Enter Mississippi Sports Betting Market Today\" \/>\n<meta property=\"og:description\" content=\"Mississippi sports betting market is set to double as Penn National Gaming set to sports books at five casinos within the next week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/penn-national-to-enter-mississippi-sports-betting-market-today\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-17T14:00:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/hollywood-casino.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/penn-national-to-enter-mississippi-sports-betting-market-today\/\",\"url\":\"https:\/\/www.casino.org\/news\/penn-national-to-enter-mississippi-sports-betting-market-today\/\",\"name\":\"Penn National to Enter Mississippi Sports Betting Market Today\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/penn-national-to-enter-mississippi-sports-betting-market-today\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/penn-national-to-enter-mississippi-sports-betting-market-today\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/hollywood-casino.png\",\"datePublished\":\"2018-08-17T14:00:27+00:00\",\"dateModified\":\"2018-08-17T14:00:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Mississippi sports betting market is set to double as Penn National Gaming set to sports books at five casinos within the next week.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/penn-national-to-enter-mississippi-sports-betting-market-today\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/penn-national-to-enter-mississippi-sports-betting-market-today\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/penn-national-to-enter-mississippi-sports-betting-market-today\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/hollywood-casino.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/hollywood-casino.png\",\"width\":1100,\"height\":450,\"caption\":\"Penn National Gaming\u2019s Hollywood Casino Gulf Coast (pictured) will join its Boomtown Casino in Biloxi in the Mississippi sports betting market today \u2013 the first sports books the company has ever operated outside of Nevada. 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