The combined revenue generated by Arkansas Casinos winds up way more in April when compared to the revenue generated in March. This boost in the revenue occurred even after a declination in the number of bets placed in each casino.
Overall winnings from the three licensed casinos were calculated $2.4 million more in April than the combined gross revenue of these casinos in March. Arkansas Racing Commission released the figures.
The casinos seem to have recovered from the extreme winter conditions in February, causing the revenue depreciation. March has been a month of benefits because of the Covid-19 vaccine rollout and easing restrictions.
In Arkansas, the three commercial casinos are Southland Casino Racing in West Memphis, Oaklawn Racing Resort in Hot Springs, and Saracen Casino Resort in Pine Bluff. Russellville is yet another licensed casinos but is under a legal dispute presently.
Table Games Up in Saracen
The winning trend continues for Saracen in April. The resort’s gross gaming revenue is $1.9 million higher in April compared to earnings in March.
A slight low experienced in the sportsbook in Saracen. The revenue generated by Sportsbook at Saracen is about $123,000 less in April when compared to the earnings of March.
March is considered a strong sports wagering month because of the NCAA men’s basketball tournament, also known as “March Madness.” The National Football League also kicks off in September and is generally the busiest time of the year in the Sportsbook.
Saracen experienced a dip of below $1 billion in the Sportsbook handle. A handle is the number of bets placed in the sports event. The resort mentioned that the bets worth $964,218 were placed, showing a straight declined from $1.45 million in March.
However, casinos reported gradually higher wins in the table games and terminal devices like slot machines. Pine Bluff casino is on 45 minutes south of Little Rock, which is in the center of the state.
Saracen got highlighted in the news lately for installing metal detectors on the property. The installation was due to the deadly shootout in the parking lot in March that injured a security guard. Two suspects were arrested for the incident and charged with a first-degree felony.
Consistent Growth in Oaklawn
Oaklawn also noted a continuous win of up to $660,807 more in April compared to the revenue generated in March. The terminal devices and tables games were reported as the favorite of gambler in
Winning via Sportsbook in Oaklawn reported being down from $182,774 reported in March to $172,062 in April. The sportsbook handle went down below $1 million in April. The Handle reported in Hot Springs resort was $1.6 million in March But went down fell to $901,475 in April.
Southland still under construction
Southland seems to be the only property with a lowest overall win in April than in March. The sportsbook handled lowered from $2.8 million in March to $2.20 million in April.
Southland plans to finish the construction of its 21-story hotel and more gaming space.