State regulator is looking to expand its retail betting market with up to ten new licences up for grabs
The Arizona Department of Gaming is opening a new licensing window to accept up to ten new retail betting licences.
The licensing window for limited event wagering licenses opens on August 13 and will allow a sportsbook operator to partner with a racetrack or additional wagering facility (also known as off-track betting) that holds a permit issued by the Division of Racing.
The regulator can issue up to ten limited event wagering licences at ten specific locations.
“Applicants for limited event wagering operator licenses will undergo a thorough licensing evaluation process structured to ensure consumer protection,” said Cliff Holden, assistant director of certification and licensing for the Arizona Department of Gaming. “We look forward to receiving new applications for limited event wagering within the state of Arizona.”
With limited event wagering operations, Arizonans will be able to participate in retail-style sports betting while visiting the racetrack, and 8 per cent of the adjusted retail event wagering revenue will be subject to event wagering privilege fees.
The application window for limited event wagering licenses will close on August 27.
The regulator recently closed its latest licensing window for online sports betting licences (event wagering) on July 10.
Arizona currently has 12 active online sportsbook operators, while six operators have a retail betting presence.
Since the launch of legal event wagering and sports betting in Arizona in 2021, players have wagered $34.6 billion, generating approximately $185.8 million in event wagering privilege fees for the state.
In its most recent results, total wagering in Arizona fell by 1 per cent to $737.2 million in April, split $734.4 million from mobile betting and $2.8 million from retail operations.