Last updated on January 8th, 2022 at 01:27 am
The Arkansas Racing Commission approved regulations for mobile sports wagering in the state. It included a revenue-sharing provision that would give casinos at least 51 percent of the revenue if they signed with a sportsbook operator. However, national sportsbook operators voiced their displeasure about the rule.
Different states don’t execute that degree of commanded income dividing among club and public administrators. Also, it is prompting critical dissatisfaction from significant administrators. Other states, like Michigan, incorporate tying — sportsbook administrators need to join forces with casinos inside the state. Also, those states permit the operators and casinos to arrange deals privately.
According to white label sports betting solution reports, Arkansas picked an outright income sharing model.
National Sportsbook Operators Say No to Revenue-Sharing
Significantly, Arkansas has permitted retail sports betting starting around 2018, and the state has three casinos offering it at present. They are Saracen Casino Resort, Southland Casino Racing, and Oaklawn Racing Casino Resort. Saracen and Oaklawn use their sportsbooks, while Southland partnered with Betly for its on-site sportsbook. In addition, according to pay per head sources, Legends Resort and Casino got sports betting permit a couple of months prior. However, the casino still can’t launch a sportsbook.
According to sportsbook pay per head reviews, BetMGM, DraftKings, and FanDuel were among the public administrators steamed at the 51 percent income sharing principle. As a result, each of the three substances sent letters to the Arkansas Racing Commission requesting to remove the revenue sharing part of the proposed rules. However, the commission denied the request.
Seaward sportsbooks were raised regularly as a worry of public administrators. They contended that the 51 percent rule would keep some cash in Arkansas. In addition, it guarantees a consistent income stream to casinos.
However, players might choose to use offshore sportsbooks. The public administrators who accept the income offer will keep a few Arkansas bettors utilizing illicit choices.
