Arkansas Forecasts $500 Million in Mobile Sports Betting Wagers by 2024
The Arkansas Department of Finance and Administration has projected a lift in mobile sports betting, anticipating that by 2024, wagers could reach a total of $500 million.
Transformation through Mobile Betting
The introduction of mobile sports betting has revolutionized the gambling landscape in Arkansas. It allows bettors the convenience of placing wagers from anywhere, thereby broadening the accessibility and appeal of sports betting.
The substantial amount of expected wagers indicates promising economic benefits for Arkansas. The revenue from sports betting is poised to generate significant tax contributions, which could support various public sectors, including education and infrastructure development.
Role of Local Casinos
Arkansas’s three casinos are central to the facilitation of mobile sports betting, acting as the primary platforms for these activities.
Football, horse racing, and NASCAR remain the most favored sports among Arkansas bettors. The popularity of these sports is likely to grow further as mobile betting becomes more entrenched in the daily lives of sports enthusiasts.
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