Arkansas is ripe with sports bettors courtesy of their beloved Hogs. Good thing for the local bookie that the state-regulated apps are somewhat inferior when compared to other US states.
How to Start Your Online Mobile Sportsbook in Arkansas
For a nominal fee per week, per customer, you will get a customized website for your players, 24/7 customer service (online and by phone), full odds service, live in-play wagering, betting on most international sports, full reporting, an online casino, a horse book and much more. PowerPayPerHead is currently running a FREE 8 WEEKS promo.
There are no upfront costs such as the purchase of the software, etc... Also no need to hire anyone other than the recommended accountant and perhaps an assistant. Remember, you will be spending most of your time on the beach.
Is Sports Betting Regulated in Arkansas?
Yes but the competition is limited. There are currently only three companies operating in Arkansas. And these are far from familiar names.
Betly
Bet Saracen
Oaklawn Sports
The legal age is 21, thus providing yet another opportunity for local bookies to reel in those 18 to 21 years of age.
Bettors must surrender 24% of their winnings to the federal government and another 3% to the state when using the regulated apps.
Benefits of Betting With a Local vs. Regulated Sportsbook in Arkansas
The offerings in Arkansas are limited. Local bookies provide anonymity, wagering on credit and typically accept customers 18 and up. They also do not require extensive paperwork. Pay per head businesses like Power Pay Per Head also provide wagering on many events and options not available at regulated books. They also feature an online casino and racebook. Local bookies do not report your winnings to the IRS (you still need to file your taxes).
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Safeguards
Never accept customers you have not fully screened beforehand. You should either be familiar with your customers or they should contain references. A pay per head has eliminated a number of elements of the bookmaking business once deemed to be illegal such as the operation of a wire room and the settlement of payments/collections via cash. For example, bets are placed over a secure website with servers outside the United States. Bets by phone are strongly discouraged.
Pay per heads like Power Pay Per Head also offer money transactions via Bitcoin and other cryptocurrencies that take place via the website.
Take That Extra Step:
- Do not take bets over the phone.
- Avoid taking on customers who reside outside your state.
- Know your customers and check referrals.
- Do not engage with individuals involved in any type of criminal activities.
- Use cryptocurrencies, including Bitcoin Tumblers provided by AcePerHead, for secure anonymous transactions.
- Keep your customers information private.
- Always file your taxes.
Today's pay per head businesses are regular sponsors on your favorite search engines so they enjoy maximum exposure, but not all pay per head businesses are the same. Power Pay Per Head is one of the most established in the industry.
Avoid those services that only offer the software for super cheap and nothing else.
Arkansas Team Report (Updated March 31, 2023)
Arkansas Razorbacks College Basketball - They had another successful run in 2022-23, making it to the Elite Eight for a second straight year. They went 19-12 and finished at the .500 mark Against The Spread.
Arkansas Razorbacks College Football - The Hogs will pay out $10,000 or greater on a $100 bet should they win the championship in 2024.
- Aaron Goldstein, Gambling911.com