He said he did, but he doesn't.

UPDATE:

Joe Carter, the director of research for Mike Huckabee, wrote to Jim Geraghty:

Governor Huckabee doesn’t have a theology degree. He only spent a year in seminary.

But Gov. Huckabee responded:

"I have a bachelor of arts in religion and a minor in communications in my undergraduate work. And then I have 46 hours on a master's degree at Southwestern Theology Seminary. So, my degree as a theological degree is at the college level and then 46 hours toward a masters -- three years of study of New Testament Greek, and then the rest of it, all in Seminary was theological studies, but my degree was actually in religion."