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Arkansas proposal to use gambling to fund NIL
Posted on 8/16/24 at 7:34 pm
Posted on 8/16/24 at 7:34 pm
quote:LINK
While name, image, and likeness (NIL) are still new in the collegiate sports atmosphere, big-time schools are doing what they can to help fund the program. That’s especially true in the South where schools in the SEC are funded by major donors. The University of Arkansas has Arkansas Edge, their NIL collective. Arkansas Edge is seeking permission from the Arkansas Racing Commission (ARC) to amend rules to allow them to have 50/50 raffles. This would be costly to allow Arkansas Edge to operate an online raffle. On top of that, they would be required to partner with and utilize and technology service provider like GeoComply.
Saracen Casino Resort and Jefferson County’s Pine Bluff said they are willing to lend their Bet Saracen Sportsbook to the online raffle initiative. This would be ideal for Arkansas Edge as Bet Saracen already has geofencing technology and “know your customer” protocols. This would prohibit anyone under the age of 21 from using their services. Bet Saracen is owned and operated by the Quapaw Tribe of Oklahoma who said they are capable of running an electronic 50/50 raffle
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Posted on 8/16/24 at 7:43 pm to Jim Rockford
has disaster written all over imo
Posted on 8/16/24 at 10:07 pm to pioneerbasketball
Very risky.
Posted on 8/16/24 at 10:18 pm to Jim Rockford
I thought chicken money was gonna help them..
At least they got John Calipari off our hands.
At least they got John Calipari off our hands.
Posted on 8/16/24 at 10:22 pm to Jim Rockford
If there is one thing Arkansas has proven it is that they have very good judgment when it comes to football. This can’t fail.
Flag ship is sailing.
Flag ship is sailing.
Posted on 8/16/24 at 10:34 pm to Jim Rockford
Guess none of the Walton's give a damn about piggy. If they did then Arky could outdo uncle Phil.
Posted on 8/16/24 at 11:06 pm to 49 to nada
Alice Walton spent $4 billion on the Crystal Bridges Museum. The rest of the siblings didn't care for sports.
Then you have Tom and Steuart Walton pouring $74 million in the area that involves bikes and bike trails.
None of that helps Arkansas football.
Then you have Tom and Steuart Walton pouring $74 million in the area that involves bikes and bike trails.
None of that helps Arkansas football.
Posted on 8/16/24 at 11:09 pm to Jim Rockford
Double post
This post was edited on 8/17/24 at 8:22 am
Posted on 8/16/24 at 11:18 pm to 49 to nada
We saw your shitty post the first time. You didn’t need to post it again.
Posted on 8/16/24 at 11:21 pm to CFB_Fanatic
Guess none of the Walton's give a damn about piggy. If they did then Arky could outdo uncle Phil.
Posted on 8/16/24 at 11:38 pm to 49 to nada
quote:
Guess none of the Walton's give a damn about piggy.
Funny enough. They actually give more to Mizzou than they do the pig boys.
Posted on 8/17/24 at 4:58 am to Jim Rockford
Calipari has drained the piggy bank. (Pun Intended.)
Posted on 8/17/24 at 6:52 am to Jim Rockford
FAYETTEVILLE, Ark. — One Arkansas casino's idea to help fund the University of Arkansas student-athlete NIL program has led to online controversy after it was stopped in its tracks.
Saracen Casino proposed offering games of chance like slots through their mobile app beginning in 2024 and using a portion of the proceeds toward donations to Arkansas Edge, the Razorback NIL program. The only issue is that currently, mobile gambling with those types of games isn't legal in Arkansas.
While sports betting is legal through Saracen's mobile app, online slots and table games aren't.
Saracen Casino's Chief Marketing Officer Carlton Saffa said he wants to change that state law, not just to contribute to NIL, but to push out the foreign companies that are already doing it illegally.
Of course, legalizing mobile table games would need a lengthy process that involves underlying permissions.
"We believe the proposed NIL raffle is not authorized under existing Arkansas law and could not be implemented with just a rule change. It’s also important to note the proposal is part of a broader request to allow casino gaming online. This would represent a major expansion of gaming in Arkansas and should not be rushed into without understanding its impact on our state," Jim Hudson, the Department of Finance and Administration (DFA) Secretary, said. "I share the concerns about foreign illegal gaming, and DFA is committed to working with our casino partners and law enforcement to address it.”
Saracen Casino proposed offering games of chance like slots through their mobile app beginning in 2024 and using a portion of the proceeds toward donations to Arkansas Edge, the Razorback NIL program. The only issue is that currently, mobile gambling with those types of games isn't legal in Arkansas.
While sports betting is legal through Saracen's mobile app, online slots and table games aren't.
Saracen Casino's Chief Marketing Officer Carlton Saffa said he wants to change that state law, not just to contribute to NIL, but to push out the foreign companies that are already doing it illegally.
Of course, legalizing mobile table games would need a lengthy process that involves underlying permissions.
"We believe the proposed NIL raffle is not authorized under existing Arkansas law and could not be implemented with just a rule change. It’s also important to note the proposal is part of a broader request to allow casino gaming online. This would represent a major expansion of gaming in Arkansas and should not be rushed into without understanding its impact on our state," Jim Hudson, the Department of Finance and Administration (DFA) Secretary, said. "I share the concerns about foreign illegal gaming, and DFA is committed to working with our casino partners and law enforcement to address it.”
Posted on 8/17/24 at 7:48 am to dchog
quote:
The rest of the siblings didn't care for sports.
Guess that explains why the Broncos suck
Posted on 8/17/24 at 9:40 am to Kige Ramsey
Basketball isn’t hurting. We already have one top 10 commit and are expected to get two more. Meanwhile Kentucky is throwing parades for getting a 4 star Kentucky kid.
Nobody will care about football until Pittman is gone
Nobody will care about football until Pittman is gone
Posted on 8/17/24 at 9:43 am to Jim Rockford
Its Arkansas, just waiting for them to start 50/50 raffles at their games.
Posted on 8/17/24 at 9:46 am to Tiger_Claw
No, they don’t.
Posted on 8/17/24 at 9:47 am to Kige Ramsey
Yeah, only for y’all to hire Mark Pope.
Posted on 8/17/24 at 11:21 am to Jim Rockford
This seems like a natural progression for NIL funding……what could go wrong?
Posted on 8/17/24 at 11:32 am to Tiger_Claw
Doubt it. Over the years they have given over $600 million to the UofA including $300 million in 2002 the largest donation to a public school in history. Unfortunately for the athletic department, with the exception of Bud Walton funding the arena, the rest has gone to academic endeavors.
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