Vermont Strives to Go Live by the End of 2023
July 10, 2023Genesis Scottish Open Odds and Picks
July 11, 2023Two years after Arizona legalized sports betting, operators that had been barred from the state will once again have the opportunity to offer wagering thanks to a decision by the Arizona Department of Gaming to reopen the application process. The Arizona legislation set a limit on the number of event wagering licenses at 20 when sports betting became legal in April 2021, with 10 licenses allotted to the state’s tribes and professional clubs. While all 10 tribal licenses were granted, only two of the licenses associated with professional sports franchises were not claimed.
Since then, the market has shifted, with some operators going out of business and others combining, leaving the Ak-Chin Tribe—which had originally collaborated with Fubo Sportsbook for digital betting—without a partner. The Ak-Chin Tribe, which had a retail sports betting partnership with Harrah’s (Caesars), is no longer listed as having a license on the ADG page.
The new environment might provide an opening for Fanatics Sportsbook, which is acquiring PointsBet, to enter the state. The deal’s opening phase is scheduled to close on August 31. The Yavapai-Apache Nation, which initially received an Arizona license that was revoked in 2021, has a collaboration with PointsBet. While PointsBet operates in more than 15 U.S. states, Fanatics Sportsbook is now live in a restricted capacity in Maryland, Massachusetts, Ohio, and Tennessee.
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Which professional sports clubs who are not now licensed in Arizona will meet the requirements outlined by the 2021 law and rules is the big issue. Every significant professional sports team, in addition to the PGA Tour, NASCAR, and Arizona Rattlers of the Indoor Football League, are now licensed. The USL’s Phoenix Rising or FC Tucson, both of which provide professional soccer at the highest level accessible in the state, are among those who could apply. Cactus League teams may be able to meet the requirements, according to certain stakeholders. Ten Cactus League baseball parks are dispersed throughout the Phoenix area, and fifteen Major League Baseball teams call Arizona home for nearly two months each spring.
It shouldn’t be long before we find out who might be interested. On July 17, the ADG will offer a webinar to inform potential applicants. The application window is slated for August 1–15, and applications will be uploaded on the regulator’s website on July 14. The length of the application procedure or the timing of license awards have not been disclosed by the ADG. The agency took five months to get from being legal to operating in 2021, which included creating regulations.