House Ready to Expand Sports Betting
While the final fate of HB 1581 has yet to be determined, its success in the House is a big deal.
This marks the second-consecutive session where the House has seen overwhelming support for mobile betting. The chamber had been nearly as opposed to the idea as the staunch Senate, but lawmakers have begun to change their tune. Budget shortages and the number of residents finding other ways to bet on sports were cited as the leading reason for the chamber’s shift on the industry.
While the Senate may still reject the effort, the state is far closer to legalizing mobile betting than it ever has.
Gambling Giants Already in Mississippi
While mobile betting remains illegal, Mississippi’s retail market has attracted some of the biggest names in gambling. There are 30 retail casinos, which include 23 commercial, four tribal operators, and three boat casinos. Caesars, MGM, Boyd, and Penn all have casinos in the state, along with several other prominent gaming groups.
The presence of the industry giants has led casino operators to split on mobile sports betting. Tribal casinos and smaller commercial players will find it very difficult to compete. With a mobile market expected to affect casino attendance, those operators could end up losing big if HB 1581 becomes law.
Will the Mississippi Senate Budget?
Sports betting has yet to see a floor vote in the Mississippi Senate, but there is hope that will change in 2026.
One reason for that is the emergence of sports prediction markets, which offer an alternative form of sports betting in all 50 states. Its legal status means they aren’t bound by state regulations and taxes, allowing them to operate across Mississippi without issue. That means the dangers of online gambling are already happening, making opposing a legal market far less effective.
Mississippi is also desperate for solutions to its budget shortages as it remains one of the poorest in the US. A large and thriving sports betting market would generate critical tax revenue, but it would need to launch soon. If prediction markets are allowed too much of a head start, it could be hard to sway customers to use regulated sportsbooks.