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Mississippi Casinos Payback Percentage

Mississippi was the third state to legalize riverboat gambling when it was approved by that state's legislature in 1990. The law restricts casinos to coast waters (including the Bay of St. Louis and the Back Bay of Biloxi) along the Mississippi River and in navigable waters of counties that border the river.

Mississippi law also requires that riverboats be permanently moored at the dock and they are not permitted to cruise. This allows the riverboats to offer 24-hour dockside gambling. The Isle of Capri in Biloxi was the first casino to open on August 1, 1992 followed one month later by The President.

Since the law does not require that the floating vessel actually resemble a boat, almost all of the casinos are built on barges. This gives them the appearance of a land-based building, rather than a riverboat.

The Mississippi Gaming Commission does not break down its slot statistics by individual properties. Rather, they are classified by region. The Coastal region includes Biloxi, Gulfport and Bay Saint Louis. The North region includes Tunica, Greenville and Lula. The Central region includes Vicksburg and Natchez.

The following table shows the machine payback percentages for each area's casinos from June 1, 2006 through May 31, 2007:

5 Slots 92.25% 90.74% 92.88%
5 Prog. 89.21% 88.64% 89.03%
25 Slots 94.54% 93.21% 93.15%
25 Prog. 90.11% 90.69% 89.04%
$1 Slots 94.87% 94.64% 95.54%
$1 Prog. 92.22% 91.73% 90.95%
$5 Slots 95.30% 94.97% 94.93%
All 93.31% 93.00% 93.20%

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