Published: February 17, 2022

Arkansas Mobile Sports Betting Advances After Profit-Sharing Rule Approved

Update, Feb. 17, 2022: A legislative subcommittee on Thursday advanced mobile sports betting in Arkansas after voting to approve a rule splitting profits between casinos and sportsbooks.

The vote came less than 10 minutes into the meeting after Brian Bowen, chief deputy for the state Attorney General's Office, addressed questions about the legality of the rule. Bowen limited his responses in anticipation of potential litigation, but he told the subcommittee that the Attorney General's Office believes it can defend the rule.

The rule gives 51% of net revenue to casinos. A representative for national sportsbooks including DraftKings and FanDuel argued in an earlier meeting that the rule is inconsistent with the federal Commerce Clause.

Carlton Saffa, chief market officer for Saracen Casino, on Thursday again assailed the argument as a "hail Mary" attempt by sportsbooks to protect a business model under which they typically receive 85%-95% of the revenue. 

A final vote in the full committee is expected next week.

https://www.arkansasbusiness.com/article/138929/mobile-sports-betting-still-on-hold-after-committee-meeting

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