sports

FanDuel, DraftKings Apply to Partner with Arkansas Casinos

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Two of the biggest names in sports betting could be heading to the Natural State. 

Key Takeaways

  • FanDuel and DraftKings could be operating sports betting in Arkansas before the end of February. 

  • The two gaming giants would have to be a third-party partner with one of the state’s three casinos. 

  • FanDuel and DraftKings would be required to share 51% of revenue with those in-state operators.  

FanDuel and DraftKings have both applied with the Arkansas Racing Commission to become third-party partners with an in-state casino operator and could be active as early as next week.

If approved by regulators, the popular online sportsbooks would run their sports betting app through a co-branding with one of the three casinos. State law requires that 51% of their revenue go to the Arkansas partner.

Decision coming?

The commission could meet later this month, but the applications from FanDuel and DraftKings have yet to be added to the agenda, according to a report from KNWA in Little Rock. 

FanDuel is the largest market-share sports betting operator in the U.S., with its product available in 26 states. DraftKings already has an Arkansas presence with its daily fantasy sports site. Adding its sports betting product would give the second U.S. market-share leader its 27th operating state.  

State of betting

Arkansas sports betting began in 2022. All gaming runs through Saracen Casino in Pine Bluff, Oaklawn Casino in Hot Springs, and Southland Casino in West Memphis. 

Saracen and Oaklawn both have their own sports betting apps for online wagering, while Southland has a partnership with Betly. 

There are no legal online casinos in the Natural State. DraftKings and FanDuel would offer sports betting only. A legislative bill last year that would’ve brought iGaming to Arkansas through those three casinos never made it out of an initial committee.  

This article originally appeared on Covers.com, read the full article here and view our best betting sites or check out our top sportsbook promos.

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