Arkansas sports betting setting new revenue records for 2023, already surpassing 2022 | KLRT [Video]

LITTLE ROCK, Ark. – The amount of money being pumped into sports betting continues to grow in Arkansas as does tax revenue coming into the state.

Arkansas voters approved sports betting in the Natural State in 2018, and casinos began taking bets in July 2019. Mobile sports wagering became legal in the Natural State in March 2022.

According to Department of Finance and Administration spokesperson Scott Hardin, total sports book revenue through July is on track to set new records in 2023, breaking the previous year’s record. That includes figures for online sports betting, which started in Arkansas in March of 2022.

Hardin said $187 million in wagers had been placed in the state in 2022. The first seven months of 2023 saw $188.5 in wagers, which is expected to grow to $300 million as bettors engage with football season, Hardin said.

This betting has meant increased tax revenue for …