Gambling Revenue in Arkansas Surpasses Expectations

Arkansas has a large and successful gambling industry. Soon, the state’s casino and sports betting market may grow. New reports indicate that gambling revenue in Arkansas surged more than most analysts initially predicted.Arkansas

That’s fantastic, and slightly unexpected news. Today, we’re going to talk about how much revenue was made from the gambling industry here. We’ll also check out how the state’s gambling industry may expand.

Additional Casinos Set to Open in Arkansas in 2020

Some are unaware that Arkansas has a large and profitable gaming industry. Perhaps this is because it wasn’t always the case. Throughout much of the 20th century, lawmakers in this state worked to ban most traditional forms of gambling.

Eventually, state politicians began allowing Class II casinos here. These gambling venues were only legally allowed to provide electronic gaming machines. In 2018, officials approved amendment four, which finally allowed Class III gambling venues to begin operating. In 2019, a law was passed to allow sports betting in the state.

Today, there are three different casinos operating in Arkansas. Two of them are racinos, which offer both horse race wagering and casino games. Recently, several tribes in the state began pushing to open gambling venues in Arkansas.

The Quapaw Nation has worked to open a new Arkansas casino for years. Plans for a massive 500,000 square foot casino have finally been approved. Reports indicate this venue will open to the public in June of 2020.

More tribes here are also working to obtain a casino license in this state. Revenue from casinos here continues to grow. Here’s how much these venues brought in last month.

Gambling Revenue in Arkansas Surpassed Expectations in February

Ever since Class III casinos were approved in Arkansas, gambling revenue has surged here. It’s fluctuated before, yet has generally increased for the past two years. Reports from the State Department of Finance and Administration just released new revenue figures and things are looking great.

New reports claim that tax revenue from casinos here came out to $2.8 million in February. That’s about $300,000 more than analysts predicted. Most felt that the coronavirus would significantly hurt the state’s gaming market.

Officials in the state expect to earn $31.2 million from the gambling industry. That’s considerably less than the $69.7 million brought in last year. Much of the reason for this decrease is the state’s new gambling tax structure.

As more casinos open here, revenue is likely to increase. Money earned from the gambling industry will help to find new highways and roads in the state.

Lawmakers are looking for new ways to generate revenue from this industry. Unfortunately, the coronavirus may end up significantly lowering the amount of money the state makes from legal gambling.

Coronavirus Expected to Lower US Gambling Revenue

Over the past few weeks, cases of the coronavirus in the United States have skyrocketed. More than 100 individuals have already been infected and more than ten have died. Many believe the actual number of people infected with the coronavirus is far higher.

This is showing no signs of slowing down, too. Health officials believe this will continue to spread around the country. Containment efforts have proved extremely difficult.

The coronavirus will certainly take a toll on the US gambling industry. Many will not be willing to visit a crowded casino if there’s a chance for infection. For this reason, gambling revenue projections in Arkansas have fallen dramatically.

Many also worry about the impact this virus will have on Las Vegas. This city relies heavily on its gambling industry. If no one is visiting the casinos here, the local economy will suffer significantly. State officials are already gearing up for a possible coronavirus outbreak.

Gambling revenue in Arkansas may drop as this virus spreads. Last month, however, things went better than expected.

Stay tuned for more US casino news over the next few months!

More Casinos in Arkansas Set to Open in 2020

Arkansas’ casino industry has been undergoing some major changes. Several Native American tribes in the state have been pushing to open new gambling venues here. More casinos in Arkansas are now set to open in 2020.Arkansas

The state is dealing with several issues right now. One area, in particular, has been at the center of debate between two different tribes that believe they should be granted a gambling license. Today, we’re going to look at what exactly is happening in Arkansas right now.

Let’s get into it!

Arkansas’ Gambling Industry is Growing

Arkansas isn’t typically thought of as the gambling hub of the United States. To date, only a few gambling venues have opened up here. The state does not allow privately-run casinos to operate here, meaning only Native American tribes have permission to run these venues.

Recently, however, many individuals have looked at Arkansas as a hot casino market. There are several neighboring states that currently ban this form of wagering. That means that many individuals in these states may make the trip to Arkansas in order to gamble.

Some of the Native American tribes in Arkansas realize this, as well. Over the past few months, many of these tribes have begun pushing to open more casinos in Arkansas. In Pope County, a debate is raging over which tribe should be granted a casino to operate a casino here.

It’s an interesting time to be a gambling fan in this state. Never before have so many tribes pushed to operate gambling venues here.

Construction is currently taking place on one major new gambling venue in the state. This week, we were given an update on when this casino will open.

Quapaw Nation Casino Set to Open in June of 2020

In April, lawmakers in Arkansas passed a law that greatly expanded the number of gambling options casinos in the state could offer. This breathed new life into Arkansas’ casino industry. Before long, many tribes here began requesting permission to construct entirely new casinos.

Earlier this year, the Quapaw Nation was given permission to open one of these venues. For the past few months, construction of this new gambling venue has been taking place. According to new reports, it’s set to open in June of 2020.

A massive crew of workers has been pushing to get this 500,000 square-foot casino-resort opened by the proposed date. Once it’s completed, the casino will feature more than 2,000 slot machines, 50 table games and several exciting amenities including a spa, theater, and several restaurants.

Allen Dixon, a construction supervisor on the project, commented on what’s taking place to the media this week.

“We’re doing the mechanical piping underground for the chillers, and we need to be out of the way for a crew to come in and pour concrete on the 30th,” he said. 

It’s exciting news. When this venue finally opens, it will become the biggest and best gambling establishment in the state.

Debate Around Pope County Casino License Continues

As we’ve already mentioned, many of Arkansas’ tribes are working to obtain a casino license. For months, two major tribes have been seeking to obtain a casino license in Pope County. This is in the north-west area of the state.

Both the Cherokee and the Choctaw tribes are seeking to obtain a casino license in this area. It’s obviously important, as it’s the last commercial casino set to open in the state. The Choctaw Tribe commented on the licensing application to the media this week.

“The Choctaw Nation of Oklahoma has consistently advocated for a fair, open and transparent process,” he said. We hope that the state will take action to allow all proposals to receive fair consideration.”

On January 6th, the Arkansas Racing Commission will decide on which tribe to offer the license to. Hopefully, more casinos in Arkansas will open next year.

Stay tuned for more Arkansas casino news over the next few weeks!