With a hotel and plenty of meeting space in addition to racing, gaming, dining, sports betting and entertainment, Oaklawn is a world-class tourist destination where you can stay, play and get away. A $100 million expansion completed in 2021 introduced a whole new level of luxury. Oaklawn Racing Casino Resort, located in beautiful Hot Springs, Arkansas, has a storied history as one of the premier Thoroughbred racetracks in the country since 1904.