Arizona
ArizonaCasinos.com Projects $252 Million Sports Betting Market In The Grand Canyon State
Following the passage of Arizona’s sports betting bill (House Bill 2772), ArizonaCasinos.com projects that the state at full maturity could produce $252 million in annual revenue. Using the minimum tax rate of 8% outlined in Arizona’s bill, that projection would yield $20,160,000 in yearly tax revenue for the state General Fund.
Under Arizona’s landmark sports betting bill, up to 20 different sports betting operators could offer betting platforms in the Grand Canyon State. Tribal casinos, sports franchises, and sporting venues in the state will all be eligible to apply for operating licenses.
Geoff Fisk, Senior Analyst for ArizonaCasinos.com, said, “Arizona has all the pieces in place to evolve as a successful sports betting market. Phoenix is one of the best sports cities in the US, and the state hosts a thriving tribal casino industry. Lawmakers went all-out in the effort to make Arizona a major sports betting hub. With 20 licenses up for grabs, we’ll see all of the biggest names in the industry want a piece of the Arizona market.
The $252 million annual revenue projection was reached through careful analysis of other US and international sports betting markets. Though 20 licenses will be allowed by Arizona’s law, it coil take multiple years for every license to be granted. In the first 6-12 months of Arizona sports betting, ArizonaCasinos.com projects 8-12 licenses will be granted, allowing operators to launch quickly in response to final regulations.
Sportsbook operators are already gearing up for an Arizona launch. FanDuel announced a partnership with the Phoenix Suns NBA franchise, which includes plans for retail and online sports betting. DraftKings partnered with the PGA Tour and announced plans to build a retail sportsbook at TPC Scottsdale in addition to launching an online platform.
Fisk continued: “The professional sports partnerships make so much sense. Arizona’s franchises are fully embracing sports betting, and those fan bases will do the same. That effect will boost the state’s industry as a whole, including the mobile-only sportsbooks operated by the tribal casinos.”
SOURCE ArizonaCasinos.com
The Arizona Department of Gaming (“ADG”) has taken action against an overseas gaming company in Curaçao that is allegedly operating illegal online gaming sites, Bovada.com and Bovada.lv (Bovada), accessible to Arizona residents. Following an investigation into the matter, the ADG sent a cease-and-desist letter to Harp Media B.V., which operates Bovada, on November 8, 2024.
The operation of Bovada in Arizona is alleged to be a felony criminal enterprise and Bovada has been directed to desist from any future illegal gambling operations or activities of any type in Arizona. Due to the unregulated and illegal online gaming offerings on Bovada, Harp Media B.V. is claimed to be in violation of Arizona gaming laws, including:
- Promotion of Gambling (Felony) — Ariz. Rev. Stat. Ann. § 13-3303.
- Illegal Control of an Enterprise (Felony) — Ariz. Rev. Stat. Ann. § 13-2312.
- Money Laundering (Felony) — Ariz. Rev. Stat. Ann. § 13-2317.
Harp Media B.V. has been directed to immediately cease all online (or other) gambling operations and activities in Arizona, and take the necessary steps to immediately prevent and exclude Arizona residents from gambling on their websites.
“We are actively monitoring the evolving landscape of online gaming and taking proactive steps like this helps us protect Arizona’s communities and economy from illegal activities,” said Jackie Johnson, Director of the ADG. “Our enforcement team is committed to preventing unauthorized operations from establishing a foothold here. Arizona will not be a safe haven for unlicensed or unlawful gaming, nor will we allow unlawful entities to compromise the integrity of gaming within our state.”
In light of these developments, the Arizona Department of Gaming urges residents to exercise caution with online gaming activities. Only legal, regulated operations provide important consumer protections not found in the illegal market, helping ensure a safer experience for participants. Certain online event wagering is legal in Arizona. A list of all licensed and regulated event wagering operators legally taking bets in Arizona can be found on the Department’s website at gaming.az.gov.
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Bettors in Arizona wagered approximately $732 million on sports in September of 2024, according to a new report by the Arizona Department of Gaming. This represents an approximate 20% increase when compared to September of 2023.
The state collected approximately $3.96 million in privilege fees in the month. You can view the full September report on the ADG website: LINK.
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