- Arizona Department of Gaming released its sports betting rules and regulations
- The state will grant 20 licenses in all to interested parties
- Arizona hoping to open its sports betting industry by September 9
At long last, Arizona is on the verge of launching legalized sports betting. The Arizona Department of Gaming has officially unveiled the rules and regulations for sports betting in the state, and those rules are on their way to the US Secretary of State for approval. Once they are approved, Arizona will officially launch its sports betting industry.
Some believe that Arizona’s rules could lead to the state launching a powerhouse of an industry. Arizona pro sports teams and Native American tribes will soon be able to apply for sports betting licenses, with the industry expecting to launch at some point around the beginning of the upcoming football season.
The state held three different commentary periods on their sports betting rules before finalizing the regulations for sports betting and paid daily fantasy sports. The finalized set of rules lays out the details with regard to mobile betting, bonuses and promotions, and the official data feeds. Assuming the Secretary of State ultimately signs off on the proposed rules, sports betting will likely launch in Arizona by September 9.
Arizona is going to be a powerhouse sports betting state that will make a lot of people in NV & CA very nervous.
Biggest key to success? Plentiful licenses and a licensing application that is a single page long.
Giddy up! 🏇
— Captain Jack Andrews (@capjack2000) July 26, 2021
Sportsbooks will be allowed to start the license application process as soon as the federal approval comes down. A number of sportsbooks in the state have already agreed to official partnerships with teams and casinos in the state with eyes on being among the first to open their virtual doors once legalization is official.
Plenty of Interested Operators
PointsBet recently announced a 10-year pact with Cliff Castle Casino Hotel and the Yavapai-Apache Nation. That will make PointsBet one of the first international sportsbooks to jump into the burgeoning Arizona market. As a part of the deal, PointsBet will make a yearly donation to benefit the youth of the tribe.
Penn National Gaming subsequently announced a deal of their own with NASCAR and the Phoenix Raceway. Penn National runs the Barstool Sportsbook, which means Barstool will also be among the first operators to vie for a license in Arizona. The state is prepared to hand out as many as 20 sportsbook licenses, which means bettors in Arizona will have no shortage of options once the industry is fully up and running.
DraftKings, FanDuel, Wynn, and BetMGM are among the big names expected to follow suit and apply for licenses in Arizona in the weeks to come. While sports betting is expected to launch by September 9, daily fantasy sports is expecting to open up by August 28. In related news, the Arizona Cardinals will kick off their 2021 season on the road against the Tennessee Titans on September 12.
Governor Doug Ducey signed legal sports betting into law back on April 15. The 20 sports betting licenses will be divided evenly, with 10 reserved for local tribes and the other 10 reserved for pro sports entities. The PGA Tour, Phoenix Suns, Arizona Diamondbacks, Arizona Cardinals, and Arizona Coyotes are among the pro sports teams and entities expected to get in on the action.
The Department of Gaming has set an initial application deadline for August 9. The Department will have up to five days to evaluate and reveal applicants who will qualify for licenses on August 16.