When it comes to obtaining a license, operators will be charged an annual fee of $150,000. A total of 10 of the 20 sportsbook licenses will be given to the sports teams in the state while the remaining ones will be divided by the tribal casinos. As for the tax rate, operators will be taxed 8% of their revenue after they have paid out bettors’ winnings. There should be plenty of Arizona online sportsbooks and sports betting apps once the state-regulated market launches. In the meantime, internationally licensed online sportsbooks can offer odds to AZ bettors without being bogged down by these rules.
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FanDuel Sportsbook Arizona is offering a Bet $5, Win $200 promo on any Week 1 NFL game. Whether you opt to wager on a favorite or underdog, the payout is the same as long as your team wins. Like many sportsbooks, FanDuel Sports Credit Industry Sportsbook Arizona has a $1,000 risk-free first bet offer that backs your first bet up to $1,000 in site credit if your bet loses. Note that the Arizona Coyotes, who have not revealed a partner yet, have only one remaining season at the Gila River Arena after the city of Glendale announced it would not renew the agreement. So while they have a license from the ADG, it is unclear whether a sportsbook will open at the arena. There should be a mention of each legal book in the state since the ADG is the oversight agency for the new industry.
Arizona Sports Teams To Bet On
If you go through and you see these big numbers, like, “a hundred million dollars is being wagered,” that’s technically true, but that doesn’t mean it’s a hundred million dollars in profit. They’ll probably make 4% profit on a hundred million dollars of wagers. Several casinos and corporations will launch their betting services on Sept. 9, which coincides with the start of the 2021–22 NFL season.
Within the most recent bill, daily fantasy sports are now legal to play. You might have heard of BetMGM already, given they are a hotel and casino chain. Given the tribes within Arizona, they will not be breaking into the state with any in-person casinos just yet but could link up with a Tribal casino to be operating. They are a very notable sportsbook that has established itself in Vegas. They are now spreading their sportsbooks across multiple legalized states. PointsBet is backed by NBC and has established itself as serious newcomers in the sports betting industry.
According to the existing state laws in Arizona, charitable organizations are allowed to host casino night fundraisers and games of entertainment such as bingo. Horse and harness race betting is permitted at locations such as Yavapai and has been ever since the 1950s. Despite attempts to legalize online gambling in 2019 and at the beginning of 2020, there are no state-sanctioned virtual casinos that exist within state lines. The first bet, if it loses, is eligible for a refund of up to $1,000.
Both retail and mobile betting are legal in the state so local bettors do not need to worry about legal ramifications for betting on sports. There are several active retail and mobile sportsbooks available, as well as legal NFL betting sites that accept Arizona residents. It is 100% legal to place action on your favorite teams in Arizona so betting fans in the Grand Canyon State can safely wager with a piece of mind. The only safe and legal way to bet on sports is to do so at offshore Arizona sports betting sites. An offshore online US sportsbook may not have a license from the state. But they base themselves in offshore countries and possess licenses from offshore gambling jurisdictions.
The promotions, odds, and betting markets all rival the other top sports betting apps in the United State. However, what Caesars Sportsbook does better than just about anyone support. Not only is there a fantastic live chat service, but there is also a support phone line for Caesar Sportsbook account holders. This means that you can get a live agent on the phone to help fix your issues.
Should I Join More Than One Arizona Sportsbook?
Other wagers like parlays, teasers, and live bets are available too. Players can enjoy a fully online experience from anywhere in the state. The Arizona Department of Gaming regulates sports betting activities in Arizona. Review this timeline which summarizes the path to legal sports betting in Arizona.
These locations are specifically racetracks and off-track betting locations in the state. They can only be retail locations, and they must partner with one of the 20 license holders above. So, in theory, there might be as many as 50 ways you could place a bet in Arizona. Obviously, online sportsbooks are going to be available no matter where you are in the Grand Canyon State. As long as the apps’ geolocation verification software can pinpoint your location inside the state lines, you’ll be good to go.