Arizona

Arizona Sports Betting Market Celebrates 1 Year Anniversary

The state of Arizona officially launched legal sports betting on September 9, 2021, which was also the start of the 2021 NFL season. This gave operators in that state a chance to get off to a fast start, and things haven’t slowed down over the past 12 months.

It was pretty evident that the sports betting market in Arizona would be a competitive one as both mobile and retail betting would be available. Not only has this state been able to attract some of the top online operators, but it also has some great and unique retail sports betting options.

Arizona was able to reach $1 billion in total sports betting handle in the first three months, becoming the first state in the U.S. to accomplish that feat. The handle slipped a bit over the summer, but this state is expected to consistently see more than $500 million in wagers.

The last monthly report from the Arizona Department of Gaming details the action that took place in June, and the state was over the $4 billion mark through eight months. Even with the summer slow down in play, Arizona could potentially get to over $6 billion in total sports betting handle in the first full year.

The state of Nevada has been slipping over the past few months in this industry, and Arizona looks poised to fly right past it in terms of both handle and revenue. With more sportsbooks now available during this football season, the numbers will continue to climb.

Betting At Professional Stadiums

As of Thursday, September 8, 2022, there will be 25 different retail sportsbooks located throughout the state. Retail sports betting is not as popular as mobile or online wagering, but there are some great options in the state of Arizona.

One thing that sets Arizona sports betting apart is the fact that there will now be sportsbooks located at three of the biggest professional sports venues in the state. BetMGM is launching a retail sportsbook at State Farm Stadium just days before the Arizona Cardinals kick off the 2022 NFL season.

FanDuel Sportsbook was the first to reach this kind of deal as it started offering retail wagering at the Footprint Center on September 9 of last year. Caesars Sportsbook also had kiosks set up at Chase Field a year ago, but that company also then installed a permanent sportsbook earlier this year.

Plenty of Licenses

The path to legalization of sports betting hasn’t been easy in a number of different states, but that wasn’t the case in Arizona. Lawmakers in Arizona were quick to come to an agreement, and a bill was signed on April 15, 2021.

Perhaps even more impressive was the short amount of time that it took for the state to legalize the industry and then get sportsbooks up and running. It took less than five months for this to take place, and at the time, only Iowa had been able to do it quicker.

Another thing that lawmakers got right when coming up with this bill was that there would be a set amount of 20 online sports betting licenses available. Native American tribes would be able to apply for these licenses, but professional sports teams and stadiums could get involved as well.

There are currently just two sports betting licenses available, and all 10 of the licenses dedicated to the tribes have been claimed. Few states with legal sports betting have as many different options as what bettors can find in Arizona.