Mobile sports betting could arrive in Arkansas under proposed rule change
Mobile sports betting could come to Arkansas thanks to proposed rule change. According to Scott Hardin, an official at Arkansas Racing Commission, if the change is approved, it would allow state residents to place bets online through state-licensed casinos as early as February.
The amendment could be proposed at a meeting on November 18, Hardin said, according to THV11. A draft rule change would then be posted online for 30 days to allow for public comment and, thereafter, would be reviewed by a legislative committee before the commission could approve the change. Finally, it would require approval from Governor Asa Hutchinson.
If approved, mobile sports betting would be allowed around February 1, 2022, estimated the person in charge. Current rule limits sports betting to spot betting at all three Arkansas casinos: Saracen Casino Resort at Pine Bluff, Southland Casino Racing in West Memphis, and Oaklawn Casino Resort in Hot Springs.
Currently, all offer sports betting: Since July 2019, residents of the state have wagered more than $ 86 million in sports betting. A fourth casino in Pope County could also possibly be added to the gaming options, although legal battles continue on this front, reports Arkansas weather. The closest thing to a regulated online sportsbook available in Arkansas is “Oaklawn Casino”Oaklawn anywhere“, which allows betting on horse races anywhere in the state.
Arkansas sports betting enthusiasts should remain optimistic that if the rule got to the governor’s office, he would sign it. Hutchinson has expressed support for mobile sports betting in the past, as long as the Racing Commission implements safeguards such as geolocation to restrict betting to approved statewide limits.
Statewide Mobile Sports Betting, Governor Says Keep Arkansas Competitive with Neighboring States like Tennessee and Louisiana, both of which have already legalized this form of betting. When mobile sports betting first started in Tennessee, Southland’s handful of on-site sports betting fell sharply.
The rule change would allow casinos in the state to partner with sports betting operators to offer offsite mobile betting at a tax rate that is expected to remain the same. than other taxes on casino games.
In Arkansas, gambling sites currently pay 13% on all revenue under $ 150 million. Income over $ 150 million is taxed at 20%. Sports betting tax rates are applied to sports betting winnings, which is the amount withheld after payment to winning bettors.