Arkansas joint budget committee finally approves Subcommittee rules on online sports betting.

The acceptance of sports betting in the United States has been quite sluggish in the past. But recently it’s been like some pushed the fast forward button.

For instance, within 4 years, there's been much progress. Arkansas has come from no sports betting at all to launching online sport betting soonest.The existing casinos can also partner with existing online sportsbooks.

However, there are uncertainties about which sportsbooks will be operating in the state. how will the concerned parties make moves to ease the operation of online betting in the state?

Here are some of the most popular sportsbooks in the nation. These are the most likely ones to partner with casinos in the state.

Sport Betting Apps That Could Launch in Arkansas

• Caesars sportsbook

• FanDuel Sportsbook

• DraftKings Sportsbook

• BetMGM Sportsbook

• Barstool Sportsbook

• BetRivers Sportsbook

Sports Available to Bet On

Signing up for online sports betting means lots of betting options. Online sportsbooks allow their customers to place wagers on international sports like.

• Crickets

• Soccer

• Racing

• Rugby

• Darts

There are several American sports to place wagers on already too. Some of the many American sports leagues include:

• MLS

• NFL

• MLB

• NHL

• NBA

Within these leagues are several subdivisions. For instance, we have several conferences in the NBA. This means lots of betting options altogether.

Arkansans Sports Betting History

Since 2019, the buildup to sports betting in the natural state has been quite adventurous. Here is a timeline for the series of events that have occurred so far.

• November 6, 2018, Approval of issue 4 by ballot.

• July 1, 2019: the inclusion of sports wagering at casinos.

• December 30, 2021: Arkansas racing commission approves online sports betting.

• ebruary 22, 2022: The Joint budget committee deliberates rules and regulations. It also approves online Casino sportsbook licenses.

• NBA

Now you might be wondering; what is issue 4?

The issue 4 was a constitutional amendment made possible by voting. This amendment allowed the issuing of licenses by Arkansas to its casinos.

The amendment also allowed some form of expansion for two casinos. This development allowed them to improve their gambling operations.

But the most notable development about issue 4 is about allowing operators in l four casinos. This enabled the four casinos to offer sports betting legally.

The inclusion of sports wagering in casinos happened on the 1st of July 2019. And Oaklawn Racing Casino Resort has been in operation since. They became the first of all four casinos to begin offering sports wagering legally.

And this was the purpose of the event which occurred on the 30th of December 2021. To help online sports betting in Arkansas.

Yet the decision didn’t come so easy. Arkansas placed votes to amend sports betting rules in the state. Part of the issues decided upon in the amendment resulted in the following.

Casinos and sportsbooks could partner or create platforms of their own. We’re speculating about the decision of the other casinos in Arkansas. But, Saracen Casino Resort has made moves to create its own online betting platform.

It wasn’t until the 22nd of February 2022 that a 10-day filing helped to launch sports betting in Arkansas.

Tax Revenues on Sports Betting in Arkansas

Since 2019, over $120 million has been wagered on bets. In 2020, the states realized up to $583,000 in tax revenue. The revenues went up in 2020 with up to $1.2 million. And this year should have much more in revenues due to the launch of online sports betting in the state.

Arkansas Casinos That Could Partner with Sportsbooks

Sports betting has been available in Arkansas since 2019. The inclusion of online sportsbooks to operate in the state is a new development. Now here are some of the brick-and-mortar casinos existing in Arkansas.

• Southland Casino Racing

• Oak Lawn Racing Casino Resor

• Saracen Casino Resort

Frequently Asked Questions

Which Sportsbooks Are Currently Operating in Arkansas?

There are no sportsbooks operating in Arkansas yet. In-person casinos are yet to partner with established online sportsbooks, yet. Yet, Saracen Casino Resort seems to be creating its own sports betting app.

Are Legal Sports Betting Available in Arkansas?

Legal sports betting has been running in Arkansas since 2019. But the new developments in 2022 will see an inclusion of online betting.

When Will Betting Go Live in Arkansas?

Sports betting in Arkansas is set to go live on the 4th of March 2022.

What Is the Least Age Required for Bettors in Arkansas?

The least age for any person who wants to engage in sports betting in Arkansas is 21.

How Much Does Arkansas Generate in Sports Betting Revenue?

Based on the previous year, Arkansas generated about $1.2 million in tax revenue. But with the upcoming inclusion of online betting, the potential is much more at the end of this year.