A Proposed Bill For Legalizing Sports Betting In The State Of Arkansas
In Arkansas, online sports betting can bolster betting revenues not only in major professional sporting events but also in recreational activities, like Little League baseball and softball. The state legalized sports betting again in November 2021 following a vote by state voters which made online gambling legal in the state. In early October, the league finally got the go-ahead from the state’s voters, after months of delays and negotiations. It is now estimated that the first bets for Little League games will be available for bettors starting in January. Online sports betting is now legal in Arkansas and can now be conveniently conducted right from your home or office.
In addition to traditional types of betting on professional sports like football, baseball, basketball, etc., online sports betting is also popularly used on horse racing, college football, horse racing, and even boxing matches. Most bettors in these sports are avid fans and bet with their true emotions and enthusiasm rather than depending solely on the bookmaker. In betting, people have numerous options in placing their bets: they can win the wager with a single bet, take part in multiple wagers, bet in combination of one bet and another bet, etc. All these options ensure maximum thrill and excitement.
In July, Arkansas became the twenty-first state to completely legalize sports wagering. The law taking effect on July 1st makes it legal to place sports bets in all licensed casinos and sportsbooks. Previously, such sports wagering was not allowed in licensed casinos and sportsbooks. The new law legalizing sports betting provides gamblers more freedom and opportunities to choose their favorite team and participate actively in sports betting. While some bettors who were apprehensive about participating in online betting due to previous laws applying in the region are happy about the new regulation, some others still have concerns regarding the law.
Many worries that were raised against the law legalizing sports betting have now been addressed. First, all bets would be subject to laws governing gambling in the region where the bets are placed. This includes regulations on online sports betting operations in each county where the games are played. In addition, each county’s regulations on the amount of money wagered and the collection of prize money will be addressed as well.
Another concern raised was the lack of support from counties in accepting wagers via credit cards. Many counties in Arkansas did not have card acceptance limits or any method by which to accept wagers via credit cards. However, this problem is addressed in a different manner. Most counties now accept credit card payments for the purpose of paying tickets and lottery fees. Also, many casinos in Arkansas are incorporating the use of credit cards to facilitate client purchases.
Finally, a major concern for many bettors in the area was the possibility of being subjected to fraud. Many persons in the area, especially persons who placed bets using credit cards, did not have access to knowledgeable employees at sportsbooks who could explain the process to them in an understandable manner. These persons may have also lacked access to information regarding how to contact local government agencies to investigate and ensure compliance with the law.
Regulating sports betting is now a reality in Arkansas. Although some question the wisdom of regulating gambling in response to increasing online activity, recent federal court decisions have rendered this step wise. The U.S. Supreme Court has recognized that Congress never intended the U.S. House of Representatives to enact a law authorizing States to ban sports betting. Similarly, the U.S. Senate, which voted to approve the House version, likewise has not intended to vest jurisdiction in the House over gambling. These facts demonstrate that Congress never intended to empower the House of Representatives or the Senate to regulate sports betting. Rather, the court has repeatedly ruled that the states have a legitimate interest in regulating the operation of sports betting.
As proposed in committee, the new law will establish a set of guidelines for bookies to follow in order to remain in business. Regulating sports betting ensures that bookies and gaming companies remain responsible and accountable for their actions. This will ensure that everyone wins when it comes to placing wagers on any sporting event. If the proposed laws are passed, it is estimated that the revenue generated by the state’s two major sports betting establishments – the New Orleans Saints and the city’s only remaining casino resort, the Saracen casino resort, will more than offset any loss of revenue generated by the new law.