Arkansas Sports Betting Revenue Up Sharply in July Despite Handle Drop

Arkansas Sports Betting Revenue Up Sharply in July Despite Handle Drop
By Jim Tomlin

July had a significant rise in revenue for sports betting in Arkansas compared to June.

Of course, it would have been pretty difficult for the state’s sportsbooks not to do better in July than they had the previous month.

Arkansas sportsbooks reported July net win (or revenue) of $854,436 . In June they combined for a mere $4,045 in revenue, thanks largely to big losses reported by the newest online sports outlet in the state, at Saracen.

That July figure was a 21023% percent jump from June sportsbook revenue in Arkansas.

The mobile sports betting net win for July was $478,737. In June it wasn’t a win at all, as the state had minus-$106,135 that month.

Arkansas Sports Betting: July vs. June

Total handle Mobile handleRevenue
July $9.290M $6.778M $0.479M
June $12.632M $9.329M $0.004M
Change Down 26.5% Down 27.3% Up 21023%

AR Sports Betting Handle Declines

The handle for the state’s three casinos was down for sports wagering in July, repeating a trend all around the country in the summer.

July’s total sports betting handle was $9,290,467, down 26.5% from June ($12,632,207), and the mobile wagering action declined slightly more, 27.3%, dropping from about $9.33 million in June to $6.78 million for July in a month-over-month comparison, according to a release from the Arkansas Racing Commission.

The sportsbook at Saracen Casino Resort in Pine Bluff, which switched on its BetSaracen app in May, had online sports betting handle at $4 million last month in addition to just over $526,000 wagered on a retail basis. The total net win there was just over $360,000.

Southland Casino in West Memphis reported $2.7 million in mobile and $1.4 million in retail handle for the month, with total revenue of just over $400,000.

Oaklawn Racing Casino Resort in Hot Springs, which offers only retail betting, had $592,652 in handle and $67,257 in revenue for July.

Check with us at BetArkansas.com to keep an eye on Arkansas sportsbook bonuses in the future.

Arkansas Casino Handle and Revenue Rise

The three casinos in Arkansas had some good news outside of sports betting in July.

The combined casino handle in the state for July was $640,256,478, up 11.9% from June ($571,997,359).

And the revenue increased 14.8%, from $41.87 million the previous month to just over $48 million in July.

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Contributors

Jim Tomlin edits and writes about sports, gambling and the intersection of those two industries. He has 30 years of experience with companies such as the Tampa Bay Times, FanRag, Saturday Down South and Saturday Tradition. He now lends his expertise to BetArkansas.com, among other sites.

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