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Profit-sharing clause which would see local casinos keep 51% of online sportsbook betting profits survives subcommittee vote

Legislators in Arkansas have advanced a bill to allow mobile sports betting in the Natural State, despite the presence of a controversial profit-sharing clause which could severely impede online sportsbooks. The Joint Budget Administrative Rule Review Subcommittee approved enabling legislation, ahead of a potential final vote on the bill next week, with a launch potentially…

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