ADG to Accept Sports Wagering License Requests in Arizona
The Arizona Department of Gaming (ADG), the regulatory agency for tribal gaming in the state, has announced it is to start the application process for sports betting event wagering licenses in the US state.
Arizona Department of Gaming to open event wagering license applications.
LISTEN TO THIS ARTICLE:Gaming operators have the opportunity to join a vibrant sports betting market in North America, and Arizona is one of a few states to generate over $1 billion in total sports betting revenue.
The ADG says they will begin the process for gaming operators to apply for a license on July 8th and will close on July 19th. Currently, sports betting operators are required to have partnered with tribal gaming organizations or sports teams based in Arizona to bring their sportsbook offerings to customers in the state.
Arizona Law Permits up to 20 Licenses
Established in 1995, the ADG has overseen the regulation of gaming activities in Arizona, with online sports betting launched in 2021. Under the gambling legislation in Arizona, there are a maximum of 20 event licenses for sports betting companies to operate in the state. Through this process, there are up to three licenses that are available.
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Recent gaming operators that have entered the market in the state include bet365 and the Fanatics Sportsbook. However there are some gambling companies that have decided to scale back operations and have subsequently decided to withdraw from Arizona.
The application window for event wagering licenses will open on July 8, 2024, and will close on July 19, 2024 at 5 PM. Applicants must submit their completed applications within this timeframe in order to be considered for a license. ADG will thoroughly evaluate all applications received based on the established criteria pursuant to the State’s event wagering rules and statutes.
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