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Miss. Coast Casino Revenue Higher For Fifth Straight Year

casino revenue But, it appears they are on track to have another great year on the Mississippi Gulf Coast. Last year ended strongly, and 2018 is off to a great start. If this trend continues, the casinos will have a sixth straight year of growth at the end of the year, which will be a positive sign they are continuing to grow and promote tourism and gambling on the Gulf Coast. Since the Mississippi Gulf Coast casinos have opened, they have contributed $6 billion in tax revenue, including $2 billion to local governments and school districts. The first casino, the Isle of Capri casino, opened along the Gulf Coast in 1992 near Point Cadet at the urging of politicians who represent Mississippi’s Gulf Coast. They felt that without gambling to increase tourism, the area would go broke. Now, there are 12 casinos along the coast of Mississippi, with revenue at more than $1 billion a year. The biggest threats to the Gulf Coast casinos have been hurricanes and oil spills. Almost three weeks after the last casino opened, the three casinos were forced to shut down because they were in the path of Hurricane Andrew, which hit the area in August 1992. While the casinos remained unscathed after Andrew, they have not always been so lucky. Several hurricanes have caused damage to or destruction of the casinos.

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