Arkansas mobile sports betting launched in 2022, and the state collected around $3 million in taxes from mobile sportsbooks. Operators attributed most of their success last year to sports wagering.
The state’s total sports betting handle in 2022 was $186 million. However, $122 million of that amount came from mobile sportsbooks. Since the start of college basketball season in March, sportsbooks broke several daily records for wagers placed due to the convenience of mobile sportsbooks.
According to bookie pay per head experts, many players prefer using mobile apps instead of heading to a casino or retail sportsbook location. In January 2023, players wagered around $33 million at Oaklawn Racing Casino, Southland Casino, and Saracen Casino. In addition, $26 million came from sports betting apps.
The wagering on the Hogs has skyrocketed and is only anticipated to rise as they enter the Southeastern Conference Tournament.
There is more to mobile sports betting than just the March Madness basketball tournament. Recently, Super Bowl pay has hovered at $900,000 at most. From year to year, it fluctuated between $700,00 and $900,00, as reported by the betting software experts.
Almost $3 million was made this year. In addition, according to 9DollarPerHead.com sources, there was an increase in sports betting tourism from other states looking to place legal wagers in Arkansas.