Arkansas Casinos Get Mixed Results in Net gaming in November

Arkansas Casinos Get Mixed Results in Net gaming in November

Arkansas casinos had a mixed November as sports betting in two casinos in the city increased but winnings for the entire gaming sector remained down overall.

Wagering changed in November

Arkansas has three casinos in total out of which two experienced an increase in their sports betting. The only casino that experienced a decline was West Memphis-based Southland Casino Racing. The casino earned $3.5 million in November, compared to the $4.1 million it earned in October.

Arkansas Casinos Get Mixed Results in Net gaming in November

The Arkansas Racing Commission suggests that the gamblers wagered much less on sports in November but remained enthusiastic of racing. The greyhound track and casino in West Memphis netted $560,782 in November after paying bettors and winning tickets. This marked a $14,000 upside in October. The West Memphis region is located across the Mississippi River, based in the larger metropolitan area of Memphis, Tennessee. The neighboring area started providing mobile sports betting in November, because of which Southland sports betting revenues declined. Note that Arkansas only allows sports betting in casinos.

Overall figures remain low

Southland’s overall figure, including terminals and table games, was down by nearly $2 million on a month-on-month basis. This is the lowest figure recorded at the casino since June this year. Arkansas casinos were shut down in March but reopened on May 18 with two-third capacity.

Despite the issues at Southland, Oaklawn Racing Casino Resort earned more than $1 million from its sportsbook for the fourth straight month. The sports betting handle for the casino was $1.8 million, up from the $1.73 million it earned in October. After the payout, the casino netted $315,601. The overall amount wagered, adding in table games and terminals, was down at the casino. Its month-on-month winnings fell down by nearly $2 million during the month, marking its lowest total since May.

Saracen Casino Resort in Pine Bluff witnessed $945,279 in bets from residents. After the payouts, its net wins were $100,000. Sports betting in the state was down by $220,000 in November, compared to the previous months but sportsbooks were able to net $10,000 more.

About sherlock

Sherlock Gomes loves to write and express his views on anything related to Gaming, Gambling, & Casino. He has been covering Gaming for more than two years now.