It’s Derby Day! This years Kentucky Derby will take place at Churchill Downs Racetrack at 6:57pm EST this evening (Saturday, May 6th, 2023). The race will be broadcast in the United States on NBC.
The Kentucky Derby is the second most wagered on single day sporting event in the United States each year, and for this reason I’m expecting a lot of new bettors interested in wagering on the Derby. I added this page to help Arkansas and Mississippi residents understand how to quickly and easily place a bet on the 2023 Kentucky Derby online.
On this page I recommend a sportsbook for Kentucky Derby betting, look at the sports betting regulations in Arkansas and Mississippi, and provide a simple 3 step guide you can follow to place your Kentucky Derby bets.
Best Kentucky Derby Betting Site
BetOnline.ag is our top rated betting site for Arkansas and Mississippi residents looking to bet on this years Kentucky Derby. BetOnline is a popular and trusted betting site that has served the US betting market since 2004. BetOnline accepts players from everywhere in the US, including Arkansas and Mississippi.
BOL offers new players a risk free $25 horse racing bet that can be used on the Kentucky Derby, 9% daily horse racing rebates, and a sign up bonus of 50% of your first deposit up to $1000. Check out our full review.
Kentucky Derby Betting in Arkansas and Mississippi
Sports betting is legal and regulated in both Arkansas and Mississippi.
Sports betting has been legal in Arkansas since 2018, but bettors would have to place bets on-site at one of three casino locations in the state. This changed in March of 2022, with a couple regulated online sportsbooks launching in the state, and more likely to launch in the coming months with Arkansas rules allowing for as many as eight regulated online sportsbooks.
Sports betting has also been legal in Mississippi since 2018, however bets are must still be placed while on-site at a licensed casino. Users can register from anywhere in Mississippi, but to place a bet you must be on-site at a water or land based casino in Mississippi.
Arkansas and Mississippi residents also have the option to place bets online through offshore betting sites that are licensed outside of the United States, while accepting US bettors. BetOnline.ag falls into this category as a site located in Panama, that has served the US betting market since 2004.
**Arkansas residents can also bet on the Kentucky Derby at local tracks that offer simulcast betting such as Oaklawn Park in Hot Springs.
Bet On The Kentucky Derby – 3 Step Guide
Follow these three steps to bet on the Kentucky Derby online from anywhere in Arkansas or Mississippi.
Step 1. Join BetOnline.ag
Click the above link, select ‘Join Now’ on the home page, and complete the registration form to create your account.
Step 2. Deposit Funds
After logging into your BetOnline account click the ‘Deposit’ button and choose your preferred deposit method. Enter the amount and complete the instructions for your chosen method to fund your account.
BetOnline accepts Visa, MasterCard, American Express, Bitcoin, ETH, other cryptocurrencies, and a variety of e-wallets.
You can cash out any winnings through most of those same methods, as well as by bank wire or check through the mail.
Step 3. Place Your Kentucky Derby Bets
It’s time to bet on the 2023 Kentucky Derby.
You can place your Derby bets in either the ‘Sports’ or ‘Racebook’ sections of the BetOnline website. In the Sportsbook you can bet on the race winner at fixed odds, while in the Racebook you have the full variety of horse race betting options (win/place/show, exacta, trifecta, etc), but the parimutuel betting system is used.
**With the parimutuel betting system your horse racing bets are not locked in at the odds you see at the time of your wager. Instead the odds are determined by the amount of money wagered on each outcome relative to the total amount of money bet into the pool.
Sportsbook Bet (Fixed Odds)
- Click ‘Sports’ from the top menu bar.
- Open the ‘Horse Racing’ drop down menu and select ‘Horses Daily’ -> ‘Churchill Downs’.
- Select the odds of the horse you want to bet on to win the Derby.
- Enter your risk amount on the Bet Slip and click ‘Place Bet’ to lock in the wager.
Here are the odds (with post positions) from the Sportsbook for the Kentucky Derby (odds taken on May 6th – the day of the Derby):
Racebook Bet (Parimutuel Betting)
- Click ‘Racebook’ from the top menu bar.
- Open the American Thoroughbred drop down menu and select ‘Churchill Downs’.
- Select race #12 (post time of 6:57pm) for the Kentucky Derby.
- Select your bet type, enter your bets, and click ‘Add To Bet Slip’.
- Review your bets on the Bet Slip and click ‘Submit All Bets’ to make the wagers.
**The below screenshot is an example showing the clicks to place a Win bet on in the Racebook for this years Kentucky Derby.**
For a full breakdown of the different bets you can make on the Kentucky Derby in the Racebook, check out our horse race betting section.
Ready to bet? Click here to visit BetOnline.ag.