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Arkansas Online Sports Betting to Launch in March
Last updated on March 6th, 2022 at 06:55 am
Arkansas online sports betting can launch on March 4. It is only ten days after the state approves it via a joint budget committee. However, operators might not be ready for the fast turnaround.
The Arkansas Joint Budget Committee acknowledged a subcommittee report to permit online games wagering on Tuesday, February 22. By regulation, online sports wagering needed to hang tight for a 10-day documenting period with the Secretary of State. According to pay per head bookie services providers, the 10-day time frame will be up this Friday, March 4, and no less than one state club desires to be prepared to send off its sportsbook application as near the date as could be expected.
Saracen Casino in Pine Bluff declared it would send off its sports wagering application, BetSaracen, before the beginning of the NCAA March Madness competition, which starts on Tuesday, March 15.
Arkansas Online Sports Betting
According to pay per head sportsbook reports, Saracen Casino is waiting for the final approval from Apple and Google before its app can go live. Although the launch date is unknown, the casino hopes to launch it before the March Madness tournament.
The Arkansas Racing Commission said that the other two state casinos received online sports betting licenses. They are Oaklawn Racing Casino Resort and Southland Casino. Also, they are developing sportsbook apps.
Arkansas contrasts incredibly from different states that have authorized internet-based sports wagering. Arkansas implements a 51 percent income split rule between state casinos and potential sportsbook partners. The 51 percent rule requires Arkansas casinos to keep no less than 51 percent of all web-based sports wagering profits. The rest will go to their partner sportsbook operator. According to sports betting software solution experts, online sportsbooks usually keep between 85 percent and 95 percent of income in associations with casinos in different states.
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