Saracen Casino Resort is the only if gambling casino inward Land of Opportunity that had best results at its sportsbook inward May than the previous month. Overall, the casinos made a turn a profit inward May, but less than in April.
In May, the sportsbook palm at Saracen jumped to more than $1 million, upward from a $964.218 hold inwards April, according to figures released Thursday by the Arkansas River Racing Commission. The “handle” refers to the amount of money bettors lay cut down on sporting events. After the winning bettors were paid, Saracen won $57,531 to a greater extent inwards May than the previous month.
Saracen is I of trio commercial-grade casinos inward Arkansas. The others are Oaklawn Casino Racing Resort inward Hot Springs and Southland Casino Racing in Mae West Memphis. a quaternary casino has been licensed for Russellville, but is tied upward inward a effectual dispute.
Oaklawn and Southland saw a month-to-month drop-off inward the sportbook grip and sack wins this spring. At Oaklawn, bettors wagered $873,841 in May, down feather from $901,475 in April. The gambling casino won $97,179 inwards May, to a lesser extent than the $172, 062 gathered in April.
At Southland, the $1.8 million sportsbook handgrip inward May was down from $2.2 jillion inward April. Southland won almost $236,000 to a greater extent inwards Apr than inward May.
West Memphis, where the Southland casino and Canis familiaris caterpillar tread are located, is across the Magnolia State River from the larger Memphis, Tenn., metropolitan area. Problems with a major span just due east of Southland this natural spring has led to a general lag inwards mercantilism end-to-end the region.
In May, the Interstate 40 bridge over linking Arkansas and Tennessee River at Memphis was closed in(p) after inspectors discovered a cracking inwards the six-lane structure. Repairs are expected to lowest through and through July, according to the Memphis Commercial Appeal.
Sportsbooks nationwide are expected to consider more sue when the NFL flavor kicks off inwards the fall. NFL games generally are the to the highest degree to a great extent bet sporting events inward the country, Las Vegas oddsmakers have got told Casino.org.
Tax Collections Down
Saracen was the only if casino inward Arkansas River with a larger clear win on tabularise games inward May than inward April. Its win went from $1.75 gazillion in April to $1.86 meg inward May.
On “terminals” such as slot machines, all trey casinos won to a lesser extent money in May than inwards April.
The overall meshwork win from the trinity casinos combined was $11.39 million to a lesser extent in May than inwards April. This includes wins from sportbooks, terminals, and tabularize games.
The state’s casino revenue enhancement assemblage in May was to a greater extent than $7.8 million. One month earlier, the body politic collected $9.9 meg in taxes from the threesome casinos combined.
Smartphone Betting Prohibited
In Arkansas, bettors wanting to set money on live sporting events tin can only if wager in the flesh(p) at a gambling casino sportsbook or kiosk.
Mobile betting on smartphones can accept property at Land of Opportunity casinos, but only if if the wagerer is on gambling casino property, body politic gaming regulators told Casino.org. However, no casino in Arkansas offers that smartphone service.
South of Arkansas, the Louisiana Legislature has approved bills allowing for peregrine sports betting. The legislative session ended June 10.
By Thursday, Gov. King John B Edwards (D) had non signed the net bill to permit sports betting inwards the 55 of 64 parishes that sanctioned it during last November’s election.