The Arkansas Racing Commission recently approved rules for mobile sports wagering, and those regulations state that casinos approved to offer mobile betting will keep at least 51% of the revenue if they’re working with a third-party sportsbook operator. For example, if FanDuel wants to partner with one of Arkansas’ three casinos that offer sports wagering, the casino will receive at least 51% of the mobile betting revenue from the partnership.
Other states don’t implement that level of mandated revenue sharing between casinos and national operators, and it is leading to significant frustration from major operators. Other states, like Michigan, include tethering – sportsbook operators have to partner with casinos within the state – but those states allow the casinos and operators to privately negotiate deals.
Arkansas opted, however, for a revenue-sharing model.
