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- The Arizona Department of Gaming accepted applications for new online sports betting licenses from June 26 through July 10
- An Arizona Department of Gaming spokesperson confirmed the department did indeed receive at least one new license application
- The spokesperson only confirmed at least one application had been received and offered no further details
At least one online gaming company is interested in entering Arizona’s online sports betting market.
The Arizona Department of Gaming recently closed a window for new event wagering licenses on Friday, July 10. The department of gaming accepted applications for not less than one event wagering license reserved for Arizona Tribes and not less than one event wagering license reserved for an Arizona sports franchise.
A spokesperson for the department confirmed it received at least one license application, but did not go into details regarding the type or the number of applications received.
Looking to Expand Sports Betting Market
The Arizona Department of Gaming opened its license application process on June 26 and closed the window on Friday, July 10. The 2021 legislation legalizing the Arizona sports betting market allows for a maximum of 20 event wagering operator licenses, with 10 reserved for Arizona tribes and another 10 for Arizona sports franchises.
“As the state regulator, we remain dedicated to consumer protection and a thorough licensing review process,” Cliff Holden, the Department’s Assistant Director of Certification and Licensing, said in a press release. “We look forward to receiving new applications for regulated event wagering.”
These are the 14 licensed operators and their partners in the Grand Canyon State:
- Bally Bet (Phoenix Mercury)
- bet365 (Ak-Chin Indian Community)
- BetMGM (Arizona Cardinals)
- Caesars Sportsbook (Arizona Diamondbacks)
- Desert Diamond Mobile LLC (Tohono O’odham Nation)
- DraftKings (TPC Scottsdale)
- Fanatics Sportsbook (Tonto Apache Tribe)
- FanDuel (Phoenix Suns)
- Golden Nugget (Hualapai Tribe – No longer in operation in the state)
- Hard Rock Digital (Navajo Nation)
- PENN/theScore Bet (Phoenix Raceway)
- Plannatech/betcris (San Carlos Apache Tribe)
- RSI/BetRivers (Arizona Rattlers)
- Sporttrade (Quechan Indian Tribe – No longer in operation in the state.
Neither Sporttrade or Golden Nugget are still in operation in the state.
New Retail Sports Betting Licenses Available
The Arizona Department of Gaming yesterday also announced it will be accepting applications for limited event wagering licenses. The Arizona of Department of Gaming can statutorily award up to 10 limited event wagering licenses, which are only available for certain racetracks or off-track betting locations in the state.
These locations can partner with a sports betting operator to offer in-person sports betting only.
Limited event wagering licenses can be held by a racetrack or a wagering facility, commonly known as an off-track betting site, that holds a permit issued by the Arizona Division of Racing. The Arizona Department of Gaming will be able to issues up to 10 licenses at 10 specific locations.
License holders will be subjected to an 8% tax on adjusted retail sports betting revenues. Online sports betting revenues are subjected to a 10% tax rate, which Arizona Gov. Katie Hobbs (D) suggested raising to 45% earlier this year in her budget proposal for operators who bring in $75 million or more in monthly handle, a 350% increase from the state’s current rate.
Hobbs ultimately did not include the proposed increase in the state’s $18.3 billion budget.
Arizona has brought in $185.8 million in sports betting tax revenues since launching in 2021.