Arkansas sports betting handful hits new high in June at $12 million, thanks to recent online legalization

Arkansas has seen its legalized sports betting market grow since the introduction of mobile bettingthe latest figures from the Department of Finance and Administration for the region pointing in that direction. In June, the state reported a monthly high of $12 million, averaging $400,000 a day. More … than 75% of this total was wagered on mobile applications.

Scott Hardin, Department of Finance and Administration Spokespersonsaid in a statement that “we assumed the state would see record amounts wagered on sports with the introduction of the mobile option. OWhen football season arrives, it will be surprising if we don’t see this record broken.

Arkansas launched online sports betting in early March, through the West Memphis Southland Casino Racing Gaming Center. The site has launched its bookmaker Betly product, which became the first available in the state.

BetSaracen, the online mobile sports betting product of Saracen Casino Resort in Pine Bluff, followed in May. For the product, Saracen Casino Resort has partnered with sports betting platform provider Amelco UK.

Hot Springs-based Oaklawn Racing Casino Resort is also working to make its mobile platform available to the public, most likely in the coming months.. The casino has taken a “more conservative approach”, awaiting final approval from the legislature before starting to work with its provider to prepare the platform.


BetSaracen

The expansion of mobile betting, which has already proven popular, should also allow Arkansas to catch up with regional rivals.. Tennessee gave the green light to mobile sports betting in 2020, while Louisiana launched on January 28. Neighboring Mississippi only allows mobile sports betting on casino property, although bills have attempted to expand the practice statewide.

While natural state casinos have the option of partnering with third-party betting platforms such as market giants FanDuel or DraftKings, Arkansans are unlikely to see applications from these brands.at least for the immediate future – and recent launches confirm this.

This is due to a rule provision that grants Arkansas casinos more than half of mobile sports betting proceeds when they partner with these operators.. The 51% rate is well above the average 5% to 15% share with local casinos in the rest of the country, making it less attractive for heavy operators to enter the market.

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