• Sat. Jul 24th, 2021

Arkansas Casinos All Prime $1M in Sports activities Bets Throughout Identical Month


Jan 22, 2021

Posted on: January 21, 2021, 02:54h. 
Final up to date on: January 21, 2021, 03:42h.

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The sportsbooks in Arkansas’ three casinos every introduced in additional than $1 million in December. That is the primary time all three topped the million greenback mark in the identical month. 

With a sports activities betting information and $5 on the counter, an worker palms over a betting slip at Southland On line casino in West Memphis, Arkansas. The sportsbook took in practically $3.4 million in December. (Picture: KARK-TV)

Southland On line casino Racing in West Memphis had the most important sports activities wagering deal with of the three in December, in line with the Arkansas Racing Fee. The “deal with” refers back to the sum of money wagered.
Southland collected practically $3.4 million in sports activities bets over the past month of 2020. This determine is down greater than $156,000 from November. The November complete was down from October’s $4.1 million deal with.
Southland is a on line casino and greyhound monitor throughout the Mississippi River from the bigger Memphis, Tennessee, metropolitan space. 
In November, sports activities wagering turned authorized on cell units in Tennessee for individuals betting inside the state’s borders. That is seen as doubtlessly contributing to the month-to-month decline in sports activities wagering on the West Memphis on line casino. 

In Arkansas, bets on sporting occasions solely are allowed in-person at sportsbooks or kiosks inside casinos.

Even with a decrease deal with, Southland received about $30,000 extra in December than in November as soon as the successful bets had been paid off.
In the meantime, Southland is getting ready to finish canine racing completely on the property subsequent 12 months. The variety of greyhound races on the monitor is dropping from 6,656 in 2019 to 2,662 in 2022. The monitor closure at Southland will go away solely two states with canine tracks. These are Iowa and West Virginia.
Horse Racing Season Begins
At Oaklawn Racing On line casino Resort, the quantity bet on the sportsbook in December topped $2 million. This exceeded November’s deal with by about $200,000. Nonetheless, as soon as the successful bettors had been paid, the sportsbook made much less cash in December than in November. The sportsbook netted $239,033 in December, about $76,500 lower than within the earlier month.
Oaklawn is in Sizzling Springs, about an hour southwest of Little Rock, the state capital.

Along with a full on line casino, Oaklawn is residence to a longtime horse monitor with a distinguished historical past in racing circles. The annual Arkansas Derby at Oaklawn is considered as an essential prelude to the Triple Crown races.

This 12 months’s 57-day racing season at Oaklawn begins on Jan. 22 and ends Could 1. Oaklawn has introduced it can permit a restricted variety of followers to attend stay races on the monitor. 
Pine Bluff On line casino Hits Excessive Marks
In Pine Bluff, Saracen On line casino Resort took in practically $1.03 million in sports activities bets in December, its first $1 million deal with. That is about $84,000 greater than gamblers wagered on sporting occasions in November. As soon as winners had been paid, the sportsbook netted $224,559 in December, or about $25,000 greater than the earlier month’s web win.
Till November, Saracen operated in an annex whereas the total on line casino was underneath development. November was its first month of operation in a built-out on line casino. 
Pine Bluff is about 45 minutes south of Little Rock.
Additionally in December, Saracen’s web win from “terminal” units, corresponding to slot machines, was practically $1.3 million greater than in November. Southland had a rise throughout the identical interval of greater than $1 million. Oaklawn confirmed a web win enhance on terminal units of about $7,000 from November to December.
In Arkansas, casinos pay 13 % tax on gaming income underneath $150,000. Above that, the tax is 20 %.
Following a COVID-19 shutdown in March, Arkansas casinos have been working since Could 18 with capability restrictions and well being measures in place.

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