The Arizona Department of Gaming is looking for three more sports betting operators. It hopes the additional sportsbooks can improve tax revenue and strengthen the sports wagering industry.
According to experts of internet gambling in Korea, the regulator will accept one application from the tribes and two applications from pro sports teams. Also, it is cautious about expanding and trying to balance the industry over time.
The Department of Gaming will conduct a webinar for potential applicants. Also, it set the deadline for applications on August 15. According to betting odds experts, the regulator will carefully vet all applicants due to the larger number of applicants than available licenses. Thus, it will shortlist applicants and select the best for the sports betting expansion.
More Sports Betting Operators in Arizona
When it comes to legalized sportsbooks, Arizona has many to choose from. Now, you may choose from one of seventeen different online sportsbooks to place a wager. Despite the crowded playing field, more entrants are likely to emerge as the sports betting handle in the state continues to rise, even in the months after the most significant sporting events and seasons.
However, despite lower profits owing to a lack of major events in the United States, sportsbooks in Arizona have been doing well and keeping a larger portion of the overall betting handle.
According to online gambling reviews and news sites, the application fee for a gambling license is $100,000, with an additional $750,000 expected once the applicant has been authorized. The regulator anticipates demand, particularly from major sports teams, because the license payments are not too low but are also not too costly.
No names of potential candidates have been publicly mentioned, although several businesses are conspicuously absent from the marketplace. Betr, Tipico, Bet365, Fanatics, and many others are among them. Recently, Fanatics has been creating headlines in the United States with the controversial purchase of PointsBet US.
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