Mobile Sports Betting Could Launch as Soon as March 1st in Arkansas!
Legal sports betting in Arkansas has been a hot-button issue amongst state legislators for the past year, but sports bettors in the region should be excited after a huge legislative hurdle was cleared just yesterday.
In a meeting on Thursday, February 17th, the joint budget committee’s administrative rule review subcommittee approved the proposed wagering rules. I’ll be honest–that’s a mouthful. But in layman's terms, sports wagering has never been closer to becoming a reality in Arkansas than it is right now.
It’s expected that the FULL joint budget will review the rule in the very near future–and if the committee approves the rule, it would mean mobile sports betting could launch as soon as March in Arkansas.
In order to operate in the states, third-party operators (like DraftKings and BetMGM) would have to partner with one of the state’s three casinos. While that’s not too out of the ordinary, what is a bit odd is this:
In the partnership, the retail casino is required to receive 51% of the revenue from mobile sports betting partnership with a third-party operator. This is a huge percentage, and many believe it will even scare away some of t he most prominent sportsbooks from operating in the state.
While all this is still new and unfolding, it is worth keeping a close eye on–and you can be sure to find updates here at Oddsseeker!