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These are the latest stories involving the sports betting industry in Arizona.
Regulated Arizona Sports Betting Sites
There are currently 17 sports betting companies regulated in the state of Arizona. They are: DraftKings, FanDuel, BetMGM, Caesars, BetRivers, BetFred, WynnBET, Barstool, Unibet, TwinSpires, Hard Rock, Golden Nugget, SuperBook, Betway, Bally Bet, Desert Diamond, SaharaBets.
The number of operators makes Arizona among the most competitive states when it comes to regulated sports wagering. The problem is the population doesn't support this number, especially when the top 4 make up around 80% of the overall market.
Case in point, $611 Million in online sports bets was handled in November 2022. DraftKings and FanDuel combined to account for 64% of Arizona’s entire sports gambling sector. The remaining of the Big Four, BetMGM and Caesars, took in $94 million and $62 million in handle, respectively.
Restrictions and Tax
Remote registration (via the app or online) is available throughout AZ. The Arizona sports betting tax ranges from 2.59 - 4.50%. The federal tax rate is 24% and, yes, you'll need to provide your social security number.
While the tax rates may be a turnoff, Arizona is not nearly as bad as a lot of other states. In Tennessee, for example, 10 percent of winnings is withheld on every bet, and that's not even part of the tax rate.
The only real restrictions are in regard to age (21 and up), no online casino betting, no eSports betting, and no college prop bets.
Arizona does not permit live wagering on the NFL Draft out of fear of leaking info.
Arizona Sportsbook News
Where Can I Bet the NFL Draft Online From Arizona?
NFL Draft betting in Arizona will be in high demand. That's because many experts believe the Cardinals are likely to trade the No. 3 pick. Florida quarterback Anthony Richardson is favored to be drafted third overall at EVEN odds most books. But Will Anderson seems to be where the smart money is going. With the Tide, Anderson Jr. racked up 204 tackles and 34.5 sacks. Read More Here
BetMGM Expands Into Arizona, Partnering With Gila River Hotels & Casinos, Arizona Cardinals
(August 29, 2021) - BetMGM announced partnerships with Gila River Hotels & Casinos and the Arizona Cardinals for retail and online sports betting, establishing its first relationships in the state of Arizona. BetMGM plans to bring its industry leading platform online once legalized sports betting launches in Arizona. The company also plans to open retail sportsbooks at the three Arizona Gila River properties and at State Farm Stadium, home of the Cardinals. Read More Here
- Gilbert Horowitz, Gambling911.com
