Arkansas casino seeks to legalize online gambling

Arkansas casino seeks to legalize online gambling

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Arkansas casino seeks to legalize online gambling

The Saracen Casino Resort in Arkansas has requested that the Arkansas Racing Commission amend the legislation to authorize online gambling.

Arkansas would be the first state in the region to legalize online gambling if that were to happen.

This past month, Rhode Island joined New Jersey, Delaware, Connecticut, Michigan, Pennsylvania, and West Virginia as the seventh state to authorize online gambling in some form. In spite of this, the Arkansas casino believes it could increase its annual revenue by twelve million dollars  in taxes. The casino contends that since residents of Arkansas already gamble online through companies free from state regulation or taxation, legalizing the activity will aid in better management.

Lawmakers would need to amend a regulation in order to legalize online gambling in Arkansas. According to the casino, this would increase government revenue and ensure that online gambling businesses abide by the law. Arkansas previously issued warning letters to a few gambling organizations for conducting what were considered to be illicit contests.

The Arkansas casino hopes to legalize online gambling because other states that have done so have seen substantial financial gains from it. In one month, New Jersey, for instance, made a record-breaking $183.3 million from online gambling. In February, Michigan recorded record earnings of $188 million from online gambling.

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