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Almost two years after Arizona sports betting went live, state regulators will open the application process for three more licenses.
The Arizona Department of Gaming (ADG) announced on June 30 it would begin accepting applications for event gambling licenses in August. It will take applications for three licenses:
- One for Arizona Tribes
- Two for Arizona sports franchises
As the ADG’s news release reads:
“Pursuant to A.R.S. § 5-1304 and A.A.C. R19-4-105 and 106, A.D.G. will accept applications for one event wagering license reserved for Arizona Tribes and two event wagering licenses reserved for Arizona Sports Franchises, as defined in A.R.S. § 5-1301(7).”
In doing so, The Grand Canyon State would expand betting options to a maximum of 20 licensees. It is all thanks to HB 2772, which legalized sports betting in Arizona. Apart from sports betting, the bill legalizes daily fantasy sports, Keno and mobile draw.
The application window for event wagering licenses opens on Aug. 1
The ADG will publish updated application forms and guidelines on its website on July 14 to ensure transparency and accessibility. The ADG advised all applicants to review the provided materials carefully to understand the application process and requirements.
Furthermore, the Arizona regulator will host an informational webinar for future applicants on July 17 at 10 a.m. via Google Meet. The webinar will:
- Cover key aspects of the application process
- Provide clarification
- Address queries from potential applicants
The ADG’s release further states:
“The application window for event wagering licenses will open on August 1, 2023, and will close on August 15, 2023. Applicants must submit their completed applications within this timeframe in order to be considered for a license.
A.D.G. will thoroughly evaluate all applications received based on the established criteria pursuant to the State’s event wagering rules and statutes.”
Arizona sportsbooks exceeded $535 million in April betting handle
During April, the 17 online Arizona sportsbooks managed to generate $535.7 million in betting handle. The figure is just a slight drop from March’s $645 million. As for the year-over-year comparison, the handle was up 4.5% compared to April last year.
Arizona also reached a milestone with $10 billion in sports betting handle.
The three most successful Arizona sportsbooks that accounted for the majority of the handle and revenue produced in April were:
- FanDuel, with $212.9 million in handle and $21.9 million in gross revenue
- DraftKings, with $148.7 million in handle and $13.9 million in revenue
- BetMGM, with $72.4 million in handle and $7.7 million in revenue
