Arkansas Online Sports Betting
Arkansas online sports betting is officially a go.
Sports Betting has been legal in Arkansas since 2018, but only within the confines of the state’s three casinos: Saracen Casino in Pine Bluff, Southland Casino Racing in West Memphis, and Oaklawn Racing Casino Resort in Hot Springs.
On February 22, 2022, the Arkansas legislature approved a rule to allow these casinos to take their sports betting operations online. Southland Casino Racing subsequently opened up its Betly Online Sportsbook March 5, and there are more mobile apps to launch in the state. Continue reading for Arkansas sports betting information, including updated news, mobile sportsbook launch announcements, sign-up offers and promo codes — everything you need to bet online in Arkansas!
Online Sportsbooks in Arkansas
Initially, Arkansas Casinos will rely on their own sportsbook apps as opposed to partnering with larger third parties such as DraftKings and FanDuel, because the State included a clause in the new sports betting bill allowing the Casinos to keep at least 51% of online sports betting revenue if partnered with an online sportsbook company. Typically, these larger companies keep 85% to 95% of the revenue when partnered with Casinos in other states.
Lobbyists in favor of the national sportsbooks argued that the clause violated the Dormant Commerce Clause, which prevents states from creating laws that discriminate against out-of-state entities, but the ruling was upheld.
As long as this ruling is in place, the Casinos will cater to their online sports bettors on their own. Southland’s Betly Online Sportsbook is already up and running, and Chief Marketing Officer of Saracen Casino, Carlton Saffa, said their Bet Saracen mobile app is completed and is just waiting on final authorization from Google and Apple before the app goes live. Both Casinos expect to have their apps at full go before the start of the Tournament.
Each Casino is allowed to partner with two national online sportsbooks under the regulations of the new Bill, leaving six openings for potential suitors. If things were to change, these would be the likely candidates to strike a deal:
Bet Saracen Sportsbook
Saracen Sportsbook, an extension of Saracen Casino, has launched their online sportsbook but is waiting approval to actually begin taking bets. That’s unfortunate for a company, and state residents, who desperately wanted to go live ahead of March Madness. However, things should be ready soon, and Bet Saracen will have one of the six available Arkansas online sports betting skins.
BetMGM is one of the largest online sportsbooks in the country, and is already live in neighboring states Tennessee and Mississippi. It seems likely, given the size of the company and their involvement in the region already, that they would be one of the first in line. If and when they do, you’ll want to take advantage of our BetMGM bonus offer and download the BetMGM app.
DraftKings is already live in Arkansas for daily fantasy sports, which means they sort of already have a foot in the door with one of the best DFS apps. They recently merged with SBTech, Oaklawn’s sports betting partner, as well. Keep an eye out on when you’ll be able to bet on DraftKings odds in Arkansas.
FanDuel Sportsbook is partnered with International Game Technology (IGT), which is behind the sports betting operations of both Saracen and Southland Casinos. This connection could jump them to the front of the line to get in on the Arkansas action. Only time will tell. We particularly like FanDuel for their same game parlay platform.
Other Possible Arkansas Sports Betting Apps
Top Arkansas Sports Teams To Bet On
All three Casinos offer opportunities to bet on all major professional and college sports, but the most popular teams to bet on in Arkansas are as follows:
- Arkansas Razorbacks
- Arkansas State Red Wolves
- Arkansas Little Rock Trojans
- Arkansas at Pine Bluff Golden Lions
- Central Arkansas Bears
- Dallas Cowboys
- Dallas Mavericks
- Dallas Stars
- Kansas City Chiefs
- Kansas City Royals
- Memphis Grizzlies
- St. Louis Blues
- St. Louis Cardinals
- Texas Rangers
- Houston Astros
What Sports To Bet On At Arkansas Sportsbooks
In addition to the main sports, Arkansas also offers betting options for these sports:
- College Football
- College Basketball
- F1 Racing
Online Gaming, DFS History in Arkansas
Arkansas was the first State in 2017 to pass a law allowing Daily Fantasy Sports when Governor Asa Hutchinson signed bill HB 2250 in April of that year. Shortly after, DraftKings and FanDuel swooped in to provide a platform for players. Monkey Knife Fight also joined the Arkansas DFS landscape and is one of the more popular options in the state. DFS winnings are subject to federal tax. They Must be included in your tax return and are taxable at a rate of 25%. The DFS operators are taxed at a rate of 8% by the state as well.
Arkansas DFS players have shown interest in the most popular DFS games such as NFL, NBA and MLB, but they also show a large interest in NHL DFS and College DFS as well.
There isn’t a professional hockey team in Arkansas, but there are several minor league teams that seem to have built a connection between the sport and the DFS players of the State.
As for the college DFS interest, the entire state of Arkansas is crazy about their Razorbacks. It’s interesting to note a number of states that offer DFS have outlawed betting on college football leagues. Arkansas is not one of them.
The University of Arkansas is the closest thing to a professional sports team the state has to root for, and their following reflects that. It’s the reason the atmosphere at their home football games is often one of the best in the country, despite not always having the most competitive teams. College football DFS allows all the UofA fans to implement their favorite players in their lineups and gives them something to cheer for on a Saturday afternoon.
DFS props are also available for college basketball and college football at sites like PrizePicks.
Online Banking, Deposit Methods For Arkansas Sports Bettors
In order to participate online sports betting, you will need to deposit funds. Thankfully, there will likely be a number of avenues to do this, such as:
- Credit/ Debit card options
- Online Banking
- VIP preferred ACH eCheck
- Pay+ prepaid card
- Paper checks by mail
- Wire transfer
- Cash at the Casino Cage
- And more
With most of these deposit methods, your deposit will likely hit your account within seconds, which is very convenient for an antsy sports bettor, or if you’re trying to place a bet right before a game starts.
Withdrawals can be requested at any time, but expect a 24-48 hour approval period and expect a form of ID to be required for your initial withdrawal. The fastest options for withdrawal are as follows:
- Pay+ prepaid card: instant
- Cash at the cage: instant
- E-wallet: 12-48 hours
- ACH/eCheck: 1-2 days
- Wire transfer: 5-7 days
- Check by mail: 2-3 weeks
Since the online sports betting scene in Arkansas is just getting off the ground, there will likely be a plethora of bonuses and free plays for newcomers. It’ll be a perfect time for players to take advantage of the risk-free and match bets that could be on the horizon as the operation gets off the ground. It’ll be important for the Arkansas bettors to shop around the different sportbooks to see which ones are offering the best deals early on.
Arkansas Online Sports Betting FAQ
The process has already begun. Southland Casino Racings Betly’s sportsbook is already online and Saracen’s sportsbook app is waiting in the wings for approval.
Gamblers have to be 21 or older to bet at Arkansas sportsbooks
Initially, the casino’s will run their own sportsbooks. The two mentioned previously are ready to go. Be on the lookout in the future for titans of the industry such as BetMGM, DraftKings, and FanDuel to join the mix as well.