Arkansas sports betting handle up 75% in May

Sports Betting

Arkansas sports betting handle surged 75% to $38.9 million in June, mobile sports wagering increased by 85%to $37.3 million.

Arkansas voters approved a constitutional amendment allowing sports betting in November 2018. The first bet was placed at Oaklawn Racing Casino Resort in Hot Springs in July 2019. However, online wagering did not start until March 2022. Sports betting is available at the state’s three casinos; a fourth casino is planned in the state.

Under state law, each Arkansas casino can partner with two online sports betting operators. However, due to a rule that requires operators to share at least 51% of revenue with their casino partners, most major sports betting operators the kinds of national brands that would often offer Arkansas sportsbook promo codes have not yet launched in the state.

Still, since the first app launched in March 2022, mobile wagering has become the most popular choice for Arkansan bettors. Of the $25.5 million wagered in April 2023, $21.9 million was bet through the three currently active sports betting sites: Betly, which is the operator associated with the Southland Casino Hotel in West Memphis; Bet Saracen, which is associated with the Saracen Casino Resort in Pine Bluff; and Oaklawn Sports, which is associated with Oaklawn Racing Casino Resort.