A lot of things are happening around the United States when it comes to sports betting and online gambling. Among the latest US states that go towards sports betting legalisation are Maryland and Georgia, whose bills moved to the House for further approval.
In addition, New York has officially passed online sports betting, after several months of proposals and initiatives between the governor and lawmakers. And not only New York, but Virginia also proposed a new sports betting bill that foresees more sports betting operators in the state.
Now, it’s time for Arizona. Last week, it was announced that Arizona Gov. Doug Ducey signed sports betting and fantasy sports legislation into law at The Heard Museum in Phoenix. This means that legal sports betting is on its way to Arizona.
Arizona sports betting bill requirements
On Monday, April 12, the Arizona Senate passed SB 1797, a bill for legalising sports betting in the state. The bill was sent to Gov. Doug Ducey who supported the legislation and signed it. With the signature, bettors could expect to have legal sports betting market in Arizona in the upcoming months.
Now that Arizona has confirmed sports betting legalisation, it’s time to take a look at the bill’s requirements. Namely, the sports betting services in Arizona will be available to people over the age of 21. Plus, all legal online sports bets have to be placed inside the state.
Before it approves sportsbook operators, the Arizona Department of Gaming will have to define the most important sports betting regulations, including a tax rate, application fees, and renewal fees. But, from what we know so far, the bill will allow four new casinos in the metro Phoenix area, two of which will be built in near future.
Furthermore, 20 sports betting licences will be up for grabs, allowing brick-and-mortar betting and one online skin. Betting on college sports, including Arizona college sports, will be permitted.
Tribes would get 10 licences and would be allowed to run sportsbooks at 24 tribal casinos statewide. In addition, they will be allowed to operate over 6,000 new slot machines and will receive a boost every two years once the new deals are formally approved by the federal government.
At the moment, we don’t know the exact time when Arizona will officially launch sports betting, but it seems that the state targets a fall 2021 launch.
FanDuel gains Arizona market access
Just after Gov. Doug Ducey signed the bill to legalise sports betting, FanDuel announced its access to the Arizona sports betting market. According to the announcement, FanDuel will open a luxury sportsbook by the start of the 2021-22 season in the Phoenix Suns Arena.
In addition to full-service kiosks and a ticket window, fans will be able to place bets through Phoenix Suns Arena on their mobile devices. The sportsbook will be 6,300 square feet and FanDuel and the Suns will work together on responsible gambling education activities.
Commenting on the announcement, Phoenix Suns President & CEO Jason Rowley said that FanDuel is the perfect partner for delivering entertainment and engaging fans at the highest level possible.
In addition, Mike Raffenspberger, FanDuel Group chief marketing officer, said that the company is excited to open a luxury sportsbook and bring its best-in-class online and retail offerings in Arizona.