Already one of many nation’s most vibrant and fastest-growing sports activities wagering markets, Arizona is poised to increase the variety of regulated sportsbooks working within the state.
Former Arizona Gov. Doug Ducey (R), who signed the state’s sports activities betting regulation. The state is poised to award three extra sports activities wagering licenses. (Picture: Line17.qq)
The Arizona Division of Gaming (ADG) is scheduled to carry an informational session later this month, throughout which aspiring candidates can study extra in regards to the course of forward of its launch in August. ADG will award two licenses to skilled sports activities groups partnering with gaming firms, and one to a tribal entity. It’s attainable the tribal allow will probably be prolonged to the Ak-Chin Indian Nation, which was left with out an internet sports activities wagering associate when Fubo shuttered its sportsbook operation final October.
When Arizona accredited sports activities betting in late 2021, it paved the best way for 20 license holders, however the preliminary group was 18. That’s now 17 with the departure of Fubo.
That group of 17 contains Bally Guess, Barstool Sportsbook, Betfred, BetMGM, BlueBet, Caesars Sportsbook, DraftKings, FanDuel, Golden Nugget, Laborious Rock Worldwide, and SuperBook Sports activities. PointsBet holds a license within the state that can possible switch to Fanatics due to the latter’s acquisition of the previous’s US unit.
Arizona Alluring Sports activities Wagering Market
Gaming firms should pay $100K to use for an Arizona sports activities wagering license, and that determine swells to $750K if accredited.
These figures aren’t excessive sufficient to push back potential candidates. Not when the Arizona sports activities wagering market is prospering. Latest knowledge affirm that Arizona turned the fifth state to notch a sports activities betting deal with of at the very least $10 billion, undertaking the feat in simply 20 months.
Actually, Arizona was the quickest to achieve that landmark, besting Illinois by two months. That’s a powerful feat when contemplating Illinois’s inhabitants exceeds Arizona’s by greater than 5 million.
Including to the attract of Arizona for sportsbook operators is that the state has the ninth-fastest inhabitants progress price within the nation. Amongst states at the moment providing cellular wagering, it’s within the third spot.
What Operators May Vie for Arizona Licenses
With 17 Arizona sports activities wagering permits already spoken for, the listing of potential bidders isn’t as in depth as it could be if the state was opening the market anew. As of but, no gaming firm has introduced particular plans to bid for an Arizona license.
Nevertheless, there’s chatter the method might draw the likes of Bet365, Betr, and Tipico.
It’s additionally attainable that Circa Sports activities, which is among the most venerable names within the sports activities wagering business, might get in on the Arizona motion. The Las Vegas-based operator is prudently trying to increase the roster of states by which it’s energetic, and Arizona checks the bins of an open, low-tax market. Circa hasn’t publicly stated Arizona is on its listing. The operator is slated to debut in Illinois within the coming weeks.
