title: Arkansas — Overview: What kind of market is this? | advennt.io canonical: https://advennt.io/jurisdictions/arkansas/overview/ [Jurisdictions](https://advennt.io/jurisdictions/) [Arkansas](https://advennt.io/jurisdictions/arkansas/) Overview Arkansas · Question 01 of 11 # Overview: What kind of market is this? Mixed · Probable · AI-generated · [Back to full Arkansas report →](https://advennt.io/jurisdictions/arkansas/) Key section parameters | Jurisdiction | Arkansas (US-AR) | |---|---| | Regulator | Recorded in register | | Favourability | Mixed | | Confidence | Probable | | Review status | AI-generated | | Last collected | 18 Oct 2026 | Summary answer Arkansas's regulated gambling market consists of three licensed casinos, Oaklawn, Southland, and Saracen, offering retail and online sports wagering under Arkansas Racing Commission oversight. The dominant development this cycle is ARC's February 26, 2026 approval of FanDuel and DraftKings as sports… ### Key headwinds & conditions - Mandatory 51% revenue-share to in-state casino partner discourages independent operator entry - iGaming (online casino) remains fully illegal statewide - Fourth casino licence (Pope County) effectively frozen by Amendment 104 county-referendum requirement ## Full section analysis Arkansas's regulated gambling market consists of three licensed casinos, Oaklawn, Southland, and Saracen, offering retail and online sports wagering under Arkansas Racing Commission oversight. The dominant development this cycle is ARC's February 26, 2026 approval of FanDuel and DraftKings as sportsbook vendors, marking the first entry of national sportsbook brands into the state after years of exclusion driven by a mandatory revenue-cession requirement. FanDuel partners with Oaklawn and DraftKings with Southland. As a us-state jurisdiction, Arkansas's gambling framework sits within the post-Murphy v. NCAA landscape in which sports wagering is governed at state level under Amendment 100 rather than a federal licensing scheme, with the Racing Commission as the sole regulator of both casino gaming and sports wagering.