Arkansas Sportsbook Market Wagers Less in December

The Arkansas sportsbook market wagers less in December, according to the latest report from the Arkansas Racing Commission. This is quite a unique scenario as most pay per head sportsbook owners report higher handles during the last month of the year. Let’s take a look at Arkansas’ sports betting industry and try to understand why the state’s sportsbooks experienced a drop in sports betting.

For those who are learning how to open a sportsbook, looking at monthly reports on sports betting industries can help you determine the trends, and the volume of wagers that sportsbooks tend to get each month. Normally, US sportsbooks see a lot of action during December. The heavy action is not just due to the holidays, but because there are a lot of active professional and college sports leagues running during this season.

Arkansas Sportsbook Market

There are currently only three venues where people can place wagers in the state. These venues have reported a range from 2%-10% less handle. And once these gaming venues have paid out the winnings, Southland casino even reported a net loss in revenue for the month, much less than their $725,562 back in November. There are no online sportsbooks in the state yet, so having just three venues to place bets is pretty limiting. Especially now that we are in a pandemic and sometimes access to retail and entertainment facilities may be limited.

Some experts are thinking that the opening of online sports betting in Tennessee back in 2020 may play a part in the state getting less than what most experts projected. This could, however, change soon. The state’s Racing Commission has recently approved a rule change that will now allow for off-site online sports betting. It may take a few weeks, so many expect to see this by the end of February. Of course, it would be better if the state could offer online wagering earlier. Early enough to be open during the Super Bowl, which is the biggest sports betting event in the US.

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