Arkansas Sports Betting: A Guide to the Legalized Gambling Activity

In 2018, Arkansas joined the growing list of states that have legalized sports betting. The Arkansas General Assembly passed a bill, and the governor signed it into law, officially permitting sports betting from November 15, 2018. This article aims to provide sports betting enthusiasts in Arkansas with an overview of the regulations, options, and important considerations.

Legal Framework and Options

Two avenues allow sports gaming in Arkansas. First, bettors can place wagers in person at retail sportsbooks located within casinos and racetracks. Second, individuals can use licensed apps approved by the state to engage in mobile sports betting. The Arkansas Racing Commission (ARC) oversees and regulates all sports betting activities in the state.

Licensing and Operators

The ARC has given licenses to 10 sportsbooks in Arkansas. Five of these are retail sportsbooks located in casinos and racetracks, and the other five operate through licensed mobile apps. These licensed operators adhere to the state’s regulations and provide a safe, regulated betting environment for enthusiasts.

Taxation and Limits

The state of Arkansas levies a 10% tax on sports gaming, which matches the rates in other states that have legalized this activity. The ARC has set several limits to uphold responsible gambling practices. They have capped the maximum bet per wager at $5,000 and established a daily loss limit of $20,000. They also prohibit certain types of bets, such as prop bets on individual player statistics and non-game events.

Responsible Gaming and Considerations

The ARC acknowledges the potential risks of gambling addiction and requires all sportsbooks to implement responsible gaming programs. It’s crucial for individuals who engage in sports gaming to exercise caution and only bet what they can afford to lose. It’s important to approach gambling as a form of entertainment, not a guaranteed source of income, and to seek help for any gambling-related issues.

Since its legalization in 2018, sports gaming has become a popular pastime for both residents and visitors in Arkansas. By following the state’s regulations and practicing responsible gambling, enthusiasts can safely and responsibly enjoy the thrill of sports betting.