Is This a Good Time to Start a Sportsbook in Arkansas?
This is a great time to start a sportsbook in the state of Arkansas. Sports betting has been legalized with the first sportsbook having opened July 1.
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Why This is Good for Bookies and Agents
- Bookmakers at this time have limited competition since sports betting will only be available at two casinos in the state - Oaklawn in Hot Springs and Southland Gaming & Racing in West Memphis. For most folks living in Arkansas both locations are not conveniently located. Neither casino is located near the state's largest city of Little Rock. Bookies here do have the added advantage of increased mainstream exposure of sports betting because of its availability in the state.
- A bill to allow mobile sports betting in the state died back in May. It would have required sportsbook operators to pay 20% of revenue to the state and essentially ensure no operator would be interested in entry (at least none of sane mind).
- No mobile, no convenient access for most residents and the likelihood of an inferior product compared to that which a local bookmaker or offshore sportsbook can offer means the Arkansas bookie and agent should thrive for a long time to come.
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Current Team Betting Outlook
The Razorbacks are favored to win UNDER 5.5 regular season games.
Bookmakers who do business here should be aware that the Dallas Cowboys have the largest fan base in the state of any NFL team. In Fayetteville, Bentonville (home of Walmart) and Jonesboro, all cities with modest populations between 50,000 and 100,000, more Chiefs fans appear to crop up. One can rest assured that bookmakers operating from this region will be seeing plenty of Chiefs action.
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- Aaron Goldstein, Gambling911.com