The ADG will consider a minimum of one event wagering application each for a tribal casino and professional sports franchise.
In Arizona, event wagering operators must be tethered to a professional sports franchise or Indian tribe. The law allows for 10 licenses each for pro sports venues and tribes. Nine tribal licenses are spoken for, and eight of the pro-franchise licenses have been issued. That means there is one tribal license and two pro-franchise licenses available.
A key question is whether or not there are anymore professional sports venues that could even qualify for a license under the law.
Will anyone apply for pro-franchise license?
The NFL Arizona Cardinals (BetMGM), NHL Phoenix Coyotes (SaharaBet), MLB Arizona Diamondbacks (Caesars Sportsbook), AFL Arizona Rattlers (BetRivers), WNBA Phoenix Mercury (Bally Bet), Phoenix Speedway (ESPN Bet), NBA Phoenix Suns (FanDuel), and TPC Scottsdale (DraftKings) are all licensed.
The Coyotes remain licensed even though the team has moved to Utah.
Previously, the United Soccer League’s Phoenix Rising applied for a license, but the ADG determined it didn’t meet the specifications set out by law. The team applied and was denied during the original event wagering application window in 2021. It later declined to apply again in 2023. It’s unclear what other professional sports teams that play at the highest level in the state could qualify.
Since Fanatics Sportsbook launched in partnership with the Tonto Apache Tribe in April, every major US operator is live in Arizona.
Tribal license likely to have at least one applicant
It’s more likely that any operator that wants to get into the state will partner with a tribe. When event wagering first went live in Arizona, all 10 licenses were issued, and many tribes were left without.
Since then, several tribes have lost partners due to market consolidation and other factors. The Tonto Apache lost its original partner when TwinSpires exited the market. The Ak-Chin Indian Community (bet365) lost its original partner when Fubo Sportsbook shuttered.
The Quechan Tribe of the Fort Yuma Indian Reservation are the most recent to lose a partner when Unibet announced it would exit the state.
In every licensing round, if a tribal license was available, there were applications.
Original article: https://igamingbusiness.com/sports-betting/arizona-dept-of-gaming-event-wagering-application-window/
