Posted on: March 6, 2023, 08:24h.
Final up to date on: March 6, 2023, 08:24h.
Arkansas on line casino income final yr topped $614 million, an all-time report for the state’s not too long ago liberalized industrial gaming trade.
Gross gaming income (GGR), per the Arkansas Division of Finance and Administration, was north of $614.1 million. The cash consists of gaming Win from slot machines, desk video games, and sports activities betting each in-person and on-line. The $614.1 million represents a 9% acquire on 2021.
Arkansans determined to considerably increase gaming within the Razorback State by way of a 2018 poll referendum. The modification to the state structure allowed the state’s two racetracks — Southland and Oaklawn — to change into full-scale Las Vegas-style casinos with slot machines, dwell seller desk video games, and sports activities betting.
The November 2018 referendum moreover allowed for the development of two totally new casinos in Pope and Jefferson counties. Solely one of many from-the-ground-up casinos — Saracen On line casino Resort in Pine Bluff — has since opened.
Southland Leads
Southland On line casino Resort in West Memphis, a former greyhound observe the place canine racing led to 2021, led the best way in 2022 GGR. The on line casino, owned and operated by New York-based hospitality and gaming big Delaware North, gained roughly $264 million from gamblers — an 11% year-over-year acquire.
The brand new on line casino ground has carried out nicely,” Osi Imomoh, Saracen president and basic supervisor, advised the Arkansas Democrat-Gazette. “To proceed to construct visitation, Southland has enhanced its advertising and marketing efforts with a extra constant calendar of promotions and occasions.”
Imomoh added that the resort is focusing its advertising and marketing efforts on demographics situated inside a 300-mile radius of the property.
Southland’s 113,000-square-foot on line casino ground boasts 2,400 slot machines, 50 desk video games, and a Betly Sportsbook. Southland’s 20-story resort presents 300 guestrooms.
Saracen was subsequent when it comes to GGR with gaming Win of $162 million, up practically 5% from the prior yr. Owned and operated by the Quapaw Nation of Oklahoma, the tribal-owned industrial on line casino spans 80,000 sq. ft and is provided with 1,800 slot machines, 30 desk video games, a devoted poker site, and a BetSaracen Sportsbook.
Saracen officers stated the on line casino’s working surroundings throughout its first two years hasn’t precisely been a typical local weather due to the pandemic’s lingering results.
“We don’t actually know what a standard yr appears like,” stated Saracen govt Carlton Saffa.
Oaklawn Racing On line casino Resort positioned third within the state on line casino trade in 2022 with GGR of $146.2 million — up virtually 9% from 2021. Oaklawn, which served because the launching pad for American Pharoah, which went on to Win the American Triple Crown and Breeders’ Cup in 2015, stays an lively thoroughbred racetrack in Sizzling Springs.
Oaklawn has 1,500 slots, 30 tables, and an Oaklawn Sportsbook. The on line casino’s on-site resort presents 200 rooms.
Arkansas Nationwide Rating
Arkansas levies a graduated tax on gross on line casino income. The primary $150 million in GGR {that a} on line casino generates is subjected to a 13% tax. As soon as gross revenue exceeds $150 million, the tax is elevated to twenty%.
GGR represents gaming revenue earlier than taxes and bills, plus income sharing with the on line casino’s slot producer and/or distributor.
The American Gaming Affiliation not too long ago reported that GGR nationwide final yr eclipsed $60.4 billion. The report efficiency was led by Nevada with Silver State casinos accounting for greater than $14.8 billion.
Arkansas ranked nineteenth among the many 34 states that supplied industrial on line casino playing in 2022.
