Arkansas has reported a strong $3.8 million in gambling revenue for the month of December, exceeding the state’s monthly forecast. The state had initially estimated that gaming would generate $3.7 million in revenue for December, but it surpassed that figure by an additional $100,000.
This above-expectation result has taken the state’s year-to-date gaming revenue up to $25.8 million, which is 4.5% above the forecast of $24.7 million. In total, Arkansas’ gaming revenue for December was 7.5% higher than the same month last year, and the year-to-date revenue is also an 11.2% increase on 2022’s numbers.
The journey of betting in Arkansas began in July 2019 when sports betting was launched following approval from the Arkansas Racing Commission. This made Arkansas the ninth state to begin taking bets after the Professional and Amateur Sports Protection Act (PASPA) was struck down.
Online sports betting was introduced in April 2022 through a collaboration between Gaming1 and Delaware North, leading to the launch of Betly.com. This allowed bettors across the state to participate in sports betting on Southland Casino Racing’s online website and through iOS and Android apps.
In August 2022, Kambi Group entered into a multi-channel sportsbook deal with Oaklawn Racing Casino Resort in Arkansas, providing its on-property and online sportsbook solutions direct to the thoroughbred racetrack and casino.
The launch of online sports betting has helped to grow the industry in Arkansas. November 2023’s revenue exceeded $45 million for the first time, with total commercial gaming revenue for Q1 standing at $177 million, a 20.1% increase year-on-year. This growth demonstrates the success and potential of the gambling industry in Arkansas.