DraftKings and FanDuel approved to operate in Arkansas

Two of the nation’s largest sports betting platforms are coming to Arkansas after the state Racing Commission unanimously approved vendor licenses for DraftKings and FanDuel Thursday.FanDuel is partnering with Oaklawn Casino, while DraftKings will work with Southland Casino. Both companies will operate as technology and data vendors, with each casino retaining 51 percent control of the platform as required under Arkansas law. Neither company confirmed an exact launch date, though DraftKings said the launch is coming soon.

Oaklawn General Manager Wayne Smith said bettors will need to download the FanDuel app to continue placing bets, as the current app will be phased out. A similar transition is expected at Southland. Smith predicted the market could grow by roughly five times with the addition of the national brands, a projection Southland GM Osi Imomoh echoed.

Not everyone was in favor of the move. Saracen Casino, which operates the state’s current leading sports betting platform, argued against approval, raising concerns about free play deductions, lobbying activities by both companies in other states, and questions about whether retaining 51 percent of revenue truly constitutes control. Commission Chairman Alex Lieblong said the only requirement under Arkansas law is that the casino keep 51 percent of revenue, which both contracts satisfy.

The timing is notable with March Madness approaching. DraftKings Executive VP Gregory Karamitis said the company looks forward to serving Arkansas customers with its live betting experience and responsible gaming features.

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