Arizona Department of Gaming To Accept Applications For Sports Betting Licenses
Regulation · 2024-06-07

Arizona Department of Gaming To Accept Applications For Sports Betting Licenses

The Arizona Department of Gaming announced Friday it will be accepting applications for sports betting licenses from July 8-19, offering the potential of moving closer to its maximum allotted 20.

There are currently 17 licenses active in the Grand Canyon State, eight tethered to what the state agency calls “Arizona Sports Franchises” and nine to “Arizona Tribes.” The Arizona Department of Gaming stated it will “accept applications for no less than one event wagering license reserved for Arizona Tribes and no less than one event wagering license reserved for Arizona Sports Franchises” in its release.

Arizona is coming off a record monthly handle of $760 million for March as it became the ninth state to surpass $16 billion all-time. March’s handle came within $25.5 million of neighboring Nevada for sixth nationally, showing Arizona’s vast wagering reach through sports betting apps.

The state typically generates 99% of its total handle via mobile wagering and has cleared $700 million in handle three of the last five months.

With Fanatics Sportsbook entering in April and bet365 doing likewise in February, Arizona is a very crowded space for operators. Both began taking bets in the Grand Canyon State after reaching access agreements — Fanatics with the Tonto Apache Tribe and bet365 via the AK-Chin Indian Community — with tribal operators.

Arizona, though, still is an attractive place for operators, as it’s in close proximity to the still non-legal California market as well legal neighboring ones in Nevada and Colorado. Should a mobile operator be approved by the Department of Gaming and pay the $750,000 initial license fee (after ponying up the $100,000 application fee), it will face intense competition in carving out a niche. In reviewing March’s mobile handle totals, FanDuel and DraftKings garnered nearly 70% of the $752.4 million wagered.

When including the other four operators who had $20 million or more handle — BetMGM ($94 million), Caesars ($50.7 million), bet365 ($29.3 million), and ESPN BET ($26.9 million) — that combined market share expands to nearly 96%. Of that remaining $31 million, Hard Rock Bet accounted for nearly 30% of that amount with $9.1 million worth of accepted bets.

One operator that may consider filing the paperwork is Prime Sportsbook, which has been taking bets in Ohio since last September and launched in New Jersey in late March. Prime Executive Chairman Joe Brennan Jr. noted Arizona could fit his sportsbook’s profile for entering a new marketplace.

“Arizona would be interesting because obviously it’s about a 45-minute drive from the Vegas Strip to the Arizona border, but also you have access to Southern California, Colorado, New Mexico, in addition to the fact that Arizona itself is a pretty good, healthy growing marketplace,” Brennan told Sports Handle in a phone interview. “Arizona would kind of fit our desire to find hub states, states that could not only in and of itself be pretty good markets but have access to surrounding neighbors that could also be feeder markets for our type of wagering.”

Brennan, who said Arizona’s 10% tax rate on mobile sports betting revenue “looks very good for the type of operation we run,” stressed Prime’s competition comes from offshore and black markets while taking bets from all comers at their maximum limits.

“Those are the players that we think we have the opportunity to convert,” he said. “Because we’re offering higher limits … we’re not going to reduce players’ limits if they win.”

“Everybody has the right to bet the same max amount on a bet of any betting market that we offer. I think that is the kind of thing that appeals to the people who have remained playing offshore and on the street.”

热门文章
灰度在iGB L!VE 2026展位T70和你相约7月,一起点燃伦敦的热情!
灰度头条
PropellerAds 分享了新的 iGaming 案例研究:在 3 个月实现 97,674 次安装和 12,701 笔存款
广告营销
横跨全球6个城市,灰度8场派对邀你共看世界杯,重塑高质量社交新场景
灰度头条
密西西比州众议院委员会推进提议增加赌场税的法案
游戏风向
JILI 宣布与全球板球传奇 AB de Villiers(ABD)达成重磅战略合作
体育游戏
英国确认各垂直行业的赌博税税率
游戏风向
菲律宾博彩技术赛道迎来新变局,B2B 供应模式加速渗透
东南亚资讯
哈萨克斯坦计划对在线赌场促销活动进行处罚
游戏风向
巴西拟将博彩税率提高至24% 税收将用于社保和医疗领域
游戏风向
新泽西州7月博彩收入创6.06亿美元新高,颁布禁令
游戏风向
越南博彩管控逐步放宽,惟本土需求仍显乏力
东南亚资讯
斯里兰卡博弈产业大转型,官方:剑指南亚拉斯维加斯
游戏风向
巴西颁布新法赋权央行封锁非法博彩账户及 Pix 交易
支付动态
GGC Awards 2026 璀璨科伦坡:致敬 iGaming 行业的领航者与创新力量
灰度头条
越南在线博彩业政策收紧 催生市场新机遇
东南亚资讯
首页
游戏
合作
发现
我的