- There are three casino sportsbooks in Arkansas, all of which had to close due to COVID-19 concerns.
- Arkansas sportsbooks only collected $1.59 million in bets during March, compared to $4.29 million in February.
HOT SPRINGS, Ark. — As the coronavirus pandemic continues, the three sportsbooks in Arkansas were forced to close their doors. As a result of them closing their doors, they saw a large decrease in their sports betting revenue numbers.
Arkansas Sports Betting Revenue
In February 2020, sportsbooks in Arkansas brought in a total of $4.29 million in total handle which generated $411,587 in revenue. In March, sports betting venues took a major hit with $1.59 million in total bets placed which resulted to just $222,371 in total revenue.
This is a 63% decrease in terms of the total handle from February to March. Their February numbers also saw an increase being that the Super Bowl was at the beginning of the month.
Of the three sportsbooks that are in Arkansas, the Southland Casino saw the largest drop off from February to March. They saw a 53% handle decrease going from $2.03 million in bets made in February to just $949,446 in March. The Oaklawn Park Casino saw a whopping 76% decrease in bets made going from $1.74 million February to $424,206 in March. The Saracen Casino saw around a $310,000 decrease from February to March bringing their total bets made to $214,750.
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The Oaklawn Park Casino is still going to host the Arkansas Derby horse race without fans. The Derby was postponed from April 11 to May 2. Besides the closure of their sportsbooks that is hurting their revenue numbers, another factor could be that they do not offer online sports betting in the state.
Although, compared to other states that offer sports betting, the 63% drop off for the state of Arkansas in similar to those in New Jersey (63.2%), Pennsylvania (60%), Iowa (65.6%) and Mississippi (68.8%). The main difference is that the overall handle in those states is much larger.
Samuel decided to get into writing 6 years ago when he first started his college career at Florida State University. After declaring a major in Editing, Writing and Media, Samuel had found his passion for writing. During his free time, he could be found writing about, watching or playing sports.
