Arizona casinos are some of the newest that allow legal sports betting. The state legalized sports betting in April of 2021, and now, Arizona is looking to make a bigger move with Arizona sports betting.
Sports betting found quick success in this state, with $777 million being bet on sports apps in the state during the first 53 days of legalization last year.
Now that an event gaming license has been made available, Arizona Tribes may receive a larger share of the action. For them, what does that imply? What does that imply for the state’s sporting gaming industry?
Arizona sports wagering and Bill SB 1674’s effects
Bill SB 1674is the legislation that Senator Sally Ann Gonzales introduced to the Senate that would permit more Arizona nations to obtain licenses for function bets.
According to the act, a maximum of 10 event betting licenses may be granted to non-tribals, and 23 would only be given to tribes.
The fact that there are 23 tribes in Arizona makes the number 23 important in this context. Therefore, if this were to happen, every community in the position may be qualified to obtain this license.
However, under this bill, that is not the only thing these clans would receive. In addition to having the permit, they would also be five blocks from a sports complex or other significant sports place, where they could set up an event betting shop.
Tribes are typically only permitted to operate natural casinos on tribal land, but if this bill is passed, they may also do so on commercial property.
The main distinction between the original bill and the one that passed in April 2021 was that it simply granted ten permissions to nations as opposed to the suggested 23. Because tribes would have more land to actually function these locations and priority to obtain more occasion wagering licenses, the bill would be a game-changer for those attempting to enter the sports betting industry.
Does this alter the sports betting market in Arizona?
This bill could change the way Arizona casinos and Arizona sports betting is operated in the state. If passed, it would certainly give a lot more freedom for tribes to operate throughout the state and to develop sportsbook partnerships.
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