Arkansas Daily Fantasy Sports
SPORTS

Daily Fantasy Sports Legalized and Taxed in Arkansas

Arkansas becomes the 11th state to regulate daily fantasy sports with new legislation authorizing and taxing DFS signed by the governor this week.

Arkansas Daily Fantasy Sports

This week Arkansas became the 11th state to legalize daily fantasy sports when Arkansas Governor Asa Hutchinson signed legislation. The bill based through the Senate by a 5:1 margin and unanimously thorough the House. Arkansas, which is home to 3 million residents, is the first state to regulate DFS during 2017.

The developments, while welcomed by Arkansas players, will not drastically affect Arkansas daily fantasy sports players. This is due to the fact that top DFS sites did not restrict play from the state.

What’s in the Arkansas Daily Fantasy Sports Legislation

Unlike bills passed in other states, the language of the legislation signed this week does not mandate any new consumer protection. However, because top daily fantasy sports sites are abiding by the laws in other states, all players will effectively benefactors of the consumer protections.

What the new law does is “authorize paid fantasy sports games” and brings tax revenue to the state. Daily fantasy sports operators would be taxed at a 8% rate on activity from Arkansas. The figure will be based on the game operator’s gross paid fantasy sports game revenues from the previous state fiscal year.

House Bill 2250 was the name of three-page bill.

Who Has Regulated DFS Thus Far

Arkansas joined 10 other states to regulate daily fantasy sports, joining Colorado, Indiana, Kansas, Maryland, Massachusetts, Mississippi, Missouri, Virginia and Tennessee. The games remain in somewhat of a grey area in most other states, while being illegal in a few others.

This year is expected to see additional states regulate DFS with new activity seen in states such as Maine and Texas.

RECOMMENDED

When Two Legendary Quarterbacks Clash Who Will Be Going To Superbowl LV?

Ian John

DraftKings Opens In Michigan With Two Big Hitting Bonuses!

Ian John

Both Our Futures Bets Are Still Alive; Here’s How To Hedge Them

Collin Hulbert

NFL Replay: It’s Time To Stop The Silliness

Collin Hulbert

Not So Fast! Daniel Negreanu With Epic Comeback During Day 31

Craig Klinski

What’s The Latest On The Daniel Negreanu/Doug Polk Heads-Up Match?

Craig Klinski

What Happened During Michigan’s First Day Of Online Gambling Launch?

Craig Klinski

Don’t Assume You Can Play Similar Poker Hands The Same Way

Staff

Watch Now: Polk vs. Negreanu High Stakes Online Match

David Huber
BestBetUSA