Sportsbooks are Getting Ready for Legal Sports Betting in Arizona
Today is the day where Arizona Governor, Doug Ducey will sign bill SB 1797 into law. This is the bill legalizing sports betting in Arizona after passing thru the Arizona state legislature 24-6. There is no doubt that Governor Ducey will sign the bill but what happens afterwards? Needless to say, Sportsbooks are Planning for Legal Sports Betting in Arizona and here is what we know so far.
First off, the bill will establish fantasy sports betting as well as allow professional organizations to host sportsbooks on-site. Therefore, according to bookie software providers, sportsbooks will be able to operate inside arenas, NASCAR events and more. Furthermore, the gambling bill will even allow some gaming at horse tracks.
So far, a total of twenty sports betting license are available for grabs by bookmakers and other gambling companies. Half of the licenses will be available for sports organizations and the other half for tribes. In addition, the bill will extend the tribal gaming compacts for another 20 years and allow building of other casinos.
Legal Sports Betting in Arizona will be available before the end of the year
Arizona will be joining 20 other states in legalizing sports betting and sportsbooks are already working on entering the state. Therefore, sports betting operations are hoping to have their operations up and running by the beginning of the football season.
The PGA Tour and DraftKings said on Wednesday that they will expand their relationship. Thus, they plan on having a sportsbook to operate retail shops in Arizona. Of course, they are hoping to grow their sportsbook by going mobile in Arizona as well. Furthermore, they also plan on having a year-round sportsbook at TPC Scottsdale.
At the moment, only DraftKings has made official announcements about entering the Arizona sports betting market. However, Sportsbook Pay Per head blogs believe FanDuel, MGM, William Hill, PointsBet and Foxbet will get in on the action.
Some bookies are hoping to enter the Arizona sports wagering early by using a sportsbook pay per head. However, the biggest hurdle would be obtaining the license and making a deal with a sports venue.