Among the 25 states that currently offer mobile sports betting, there is one in which neither DraftKings nor FanDuel is a market leader.
In Arkansas, commercial operators are required to share 51% of their revenue with partner casinos. That number, while not a tax, is a massive chunk of an operator’s profit. Some major operators are active in the handful of states that require a 50% or higher tax, but in most cases, that is either in exchange for a monopoly, in partnership with a state lottery, or in New York — though stakeholders there are already pushing for a reduction.
In Arkansas, the goal was to keep as much wagering money as possible within state lines.
