FanDuel, Penn National Licensed Sports Betting in Arizona

0

The sports betting market in Arizona continues to take shape. The latest operators to get the go-ahead to launch in the state are FanDuel and Penn National Gaming, both of which reportedly received their approval late last week. FanDuel will introduce Sports Betting and Daily Fantasy Sports (DFS), while Penn National will only focus on Sports Betting.

FanDuel, Penn National Ready for Arizona

FanDuel filed with Arizona regulators to introduce sports betting and DFS and received approval for both activities. FanDuel is a partnership with the Phoenix Suns of the NBA, with the team listed as the official sports betting provider and FanDuel as the “agent”. There are also plans for FanDuel sports betting kiosks in Chase Field, home of MLB’s Arizona Diamondbacks. The sports betting offering on the Sun’s home court, the Footprint Center, is reportedly nearly 80% complete ten days ago. In addition, FanDuel can start DFS in Arizona from this Saturday.

Penn National is a partnership with Phoenix Raceway and is also listed as an agent in the Sportsbook application. There are plans to roll out the Barstool Sportsbook online option first, with a separate physical sportsbook to hit the catwalk later. Both FanDuel and Penn National expect operations to be completed by September 9, the first day of the NFL regular season. Approvals for other applications are expected to be announced this week or next.

One or more operators failed

BetMGM is a partnership with the NFL’s Arizona Cardinals, Caesars Entertainment is affiliated with the Diamondbacks, Bally’s and the WNBA’s Phoenix Mercury are tied up, and DraftKings has reached a deal with the PGA and TPC Scottsdale. In total, the Arizona Department of Gaming (ADG) has ten licenses for professional sports organizations and ten for state tribes. However, at least one of the sports franchise applications didn’t make the final cut. The ADG doesn’t name names, but according to Sports Handle, the rejection isn’t tied to any of the four major sports organizations, the PGA or NASCAR.

Since the NHL’s Arizona Coyotes have not yet mentioned their sports betting partner, this severely limits the possible options whose application has been denied. The team currently has a lease with Glendale; However, the city throws the team out. Last week it said it has no intention of extending the Coyotes’ lease beyond the season just ended, but the team is currently looking for a way to stay on-site.

The ADG has stated that by this Friday all persons authorized for sports betting in the state will be notified, so that it will then be easy to see which application has been rejected. However, the “why” cannot be revealed. This should give all approved operators enough time to prepare for the upcoming NFL regular season. The approved tribes will also be announced, with PointsBet already in place through its contract with the Yavapai-Apache Nation. The ADG has reportedly obtained 16 licenses from tribes.


Source link

Share.

About Author

Leave A Reply