In the state of Arkansas, online sports betting has become an increasingly popular pastime, with many residents enjoying the convenience and excitement of placing wagers on their favorite sports teams and events. While sports betting has a long history in the state, the legal status of online sports betting has been a topic of much discussion and debate. In this article, we will explore the legal landscape of online sports betting in Arkansas, the sportsbooks that operate in the state, and the most popular sports teams that residents are keen on betting on.
Legal Status of Online Sports Betting in Arkansas
In 2018, the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), which had previously banned sports betting in most states. Following the decision, Arkansas passed a law legalizing sports betting, with the first legal sportsbook opening in the state in 2019.
Under Arkansas law, sports betting is legal at physical locations such as casinos and racetracks. However, the legal status of online sports betting remains unclear. While some argue that online sports betting is legal under the current law, others believe that it is prohibited. As of now, there are no laws in place specifically prohibiting online sports betting, but it is important for residents to proceed with caution and consult with legal experts before placing any wagers online.
Sportsbooks Operating in Arkansas
Currently, there are several sportsbooks operating in Arkansas, both at physical locations and online. Some of the most popular sportsbooks in the state include:
- Oaklawn Racing Casino Resort: Located in Hot Springs, Oaklawn was the first sportsbook to open in Arkansas in 2019. The sportsbook offers a range of betting options for popular sports such as football, basketball, baseball, and more.
- Southland Casino Racing: Located in West Memphis, Southland Casino Racing offers a variety of sports betting options for customers, including pre-game and in-play betting, as well as parlays and teasers.
- BetMGM: One of the most popular online sportsbooks in the country, BetMGM also operates in Arkansas, offering residents a wide range of betting options and competitive odds.
Sports Wagering Handle in Arkansas
Since the legalization of sports betting in Arkansas, the industry has seen steady growth in the state. In 2020, the sports wagering handle in Arkansas was $214 million, an increase of 25% compared to the previous year. While the industry is still relatively new in the state, it is expected to continue to grow in the coming years as more sportsbooks open and more residents begin to place wagers.
Popular Sports Teams in Arkansas
Arkansas is home to several popular sports teams, including the Arkansas Razorbacks, the Little Rock Trojans, and the Arkansas State Red Wolves. The Razorbacks, in particular, are a beloved college football team that has a large and dedicated fan base in the state. Residents of Arkansas are also keen on betting on professional sports teams from neighboring states, such as the Dallas Cowboys and the Kansas City Chiefs.
In addition to football, basketball is another popular sport among Arkansas residents, with the Arkansas Razorbacks basketball team and the Little Rock Trojans basketball team both drawing large crowds. Baseball and soccer are also popular among sports fans in the state.
Conclusion
Overall, online sports betting in Arkansas is a growing industry that offers residents the opportunity to place wagers on their favorite sports teams and events. While the legal status of online sports betting remains somewhat unclear, there are several reputable sportsbooks operating in the state, both at physical locations and online. As the industry continues to grow, it is important for residents to stay informed about the latest developments and to proceed with caution when placing wagers online.
