Online Sports Betting in Arkansas
Arkansas has joined the growing list of states that have legalized online sports betting, offering a regulated environment for sports enthusiasts to place bets on their favorite teams and events. Since the state expanded its gambling laws to include online sports betting, Arkansas has seen steady growth in this sector, providing both residents and visitors with accessible and secure betting options. This page provides an overview of the legal landscape for online sports betting in Arkansas, including key facts, statistics, and answers to frequently asked questions.
Key Facts and Stats
- Current Status: Online sports betting is legal in Arkansas, with operations managed by a limited number of licensed sportsbooks. The state allows both online and in-person sports betting.
- Legalization Date: Arkansas voters approved a constitutional amendment to legalize sports betting in November 2018. The state officially launched online sports betting in March 2022.
- Licensing: Arkansas has authorized three casinos to offer sports betting, both online and in-person. These casinos are located in Hot Springs, West Memphis, and Pine Bluff, and each operates its own sportsbook.
- Market Size: Arkansas’s sports betting market is still in its early stages but has shown strong growth since the launch of online betting. The market is expected to continue expanding as more bettors participate.
- Tax Revenue: Revenue generated from sports betting is taxed at a rate of 13% for the first $150 million in net receipts and 20% thereafter. These funds are used to support various state programs, including education and infrastructure.
- Mobile Betting Restrictions: Unlike many states, Arkansas requires that mobile sports betting apps must be partnered with the state’s licensed casinos. This ensures that all online betting activity is closely regulated.
Frequently Asked Questions
1. Is online sports betting legal in Arkansas?
Yes, online sports betting is legal in Arkansas. Bettors can place wagers through mobile apps or websites operated by the state’s licensed casinos.
2. Which sportsbooks are available in Arkansas?
Currently, the three licensed casinos in Arkansas—Oaklawn Racing Casino Resort, Southland Casino Racing, and Saracen Casino Resort—offer their own online sports betting platforms. These platforms are the only legal options for online sports betting in the state.
3. Can I place in-person bets in Arkansas?
Yes, in-person sports betting is available at the three licensed casinos in Arkansas. These venues offer sportsbooks where you can place bets on a wide range of sports and events.
4. What sports can I bet on in Arkansas?
Arkansas allows betting on a variety of sports, including professional and college sports, international events, and more. Football, basketball, baseball, and horse racing are particularly popular among Arkansas bettors.
5. Are my winnings from online sports betting taxable in Arkansas?
Yes, winnings from online sports betting are subject to both federal and state taxes. You are required to report your gambling winnings as part of your income when filing your taxes.
6. How does Arkansas regulate online sports betting?
Arkansas regulates online sports betting through the Arkansas Racing Commission. The commission oversees all sports betting activities, ensuring that they comply with state laws and regulations.
Conclusion
Arkansas’s entry into the online sports betting market marks a significant expansion of the state’s gambling industry. With legal and regulated options now available, Arkansas provides a secure environment for sports betting enthusiasts to engage in online wagering. As the market continues to grow, Arkansas is expected to see increased participation from both residents and visitors, contributing to the state’s economy and enhancing the overall sports betting experience. Whether you prefer online or in-person betting, Arkansas offers a variety of options to suit your needs.
Explore More State-by-State Laws
States highlighted in green show where online betting is currently permitted. Discover the legal landscape across the U.S. by exploring our interactive map.