Arkansas sports betting could go online with New House Bill
Arkansas Sports betting could go beyond their nominal presence this year.
On Monday, MP Lee Johnson introduced HB 1942 to enable casino licenses to operate “online sports pools”. The bill is on the House Committee on Rules Time schedule Wednesday.
Sports betting in Arkansas is currently limited to retail sports betting.
Arkansas Sports Betting Going Mobile?
The new bill would enable wagering on the internet and mobile apps operated by the casinos or their partners.
Each of the state’s four current casino sites could launch up to three skins.
The language in the invoice enables online registration for weather.
Fast acting commission
As with the current casino and sports betting in the state, the Arkansas Racing Commission would monitor online sports betting.
The draft law proposes that the Commission examine the legal sports betting states and adopt rules in a similar framework.
Should the bill be included in the law, the Arkansas Racing Commission is to pass rules to implement the law within 90 Days. Sports betting companies wishing to partner with casinos require a service industry license:
“If the commission determines that the applicant has a valid casino license and complies with this chapter, the commission shall immediately authorize the casino licenses to operate an online sports pool.”
How Arkansas Sports Betting Came Here
Arkansas was the ninth state to start sports betting. It did so after voters approved advanced casino games and sports betting November 2018.
There are currently four casinos in the state:
- Oaklawn Racing Casino Resort in the Hot Springs took the first bets July 2019.
- Southland Gaming & Racing in the West Memphis launched in January 2020.
- Saracen Casino Resort in the Pinebluff open in October 2020.
- A fourth casino site in Pope County is being worked on.
Current landscape in Arkansas
In nearly two years of operation, Arkansas sports betting has more than needed it $ 55.8 million in bets. Operators generated $ 7.7 million in sports betting revenue.
The state taxes the casino’s revenue 13% At first $ 150 million. After the first $ 150 millionwill the state implement one 20% VAT
The state has collected a little more than $ 1 million in taxes.
Nearby states are pushing for sports betting
Sports betting options in the region are being expanded.
Like arkansas Mississippi Sports Betting is limited to casinos. Tennessee Just launched mobile sports betting in November 2020This could restrict betting in Southland just across the border.
Louisiana Voters in 54 of the state 64 Municipalities approved for sports betting in November 2020. State lawmakers are working on what that will look like.
Texas Politicians are also examining what sports betting might look like in one of the largest markets in the US.