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2019: oaklawn racing casino resort accepts the state's first legal sports bet and saracen sportsbook becomes arkansas' second legal sportsbook. 3m $1. why betly is the best sports betting site in arkansas arkansas only has three online sports betting options, and betly is the clear top choice. 2020: betly opens its sportsbook at southland casino racing in memphis. 17, 2022: lawmakers approve changes to gambling rules that would allow for legal online sports betting in arkansas. wagers on political events, esports, and amateur athletes under 18 are off-limits.