Arizona lawmakers clarified that the immensely popular business was prohibited from operating under their jurisdiction, specifically until April 15, 2021.
HB 2772, a comprehensive legislation primarily known for legalizing sports betting in Arizona, was enacted into law by Governor Doug Ducey. Although the state has authorized up to 20 new licensed sports betting operators in Arizona, DFS (Daily Fantasy Sports) is still a significant consideration, despite the law’s passage.
Daily fantasy sports are now available in Arizona, having made their debut on August 28, 2021.
Whose users in Arizona have the necessary licenses to provide DFS?
Many anticipated that major players such as DraftKings, FanDuel and Yahoo would set their sights on Arizona prior to the introduction of fantasy sports in the state. These companies are widely recognized as the top three Daily Fantasy Sports (DFS) providers by a significant margin.
This was successful, however, because all three obtained permissions to offer daily fantasy sports for the state’s NFL, NBA, MLB, NHL, and WNBA teams, along with four Division 1, five NAIA, and fifteen NJCAA university athletic teams. Nonetheless, they are not in collaboration.
The Department of Gaming in Arizona granted permission to six businesses to operate daily fantasy sports there.
- DraftKings
- FanDuel
- FFPC
- Yahoo
- Shark for fiction sports
- Sports Underdog
DFS operators have a well-established history of forming marketing/sponsorship agreements with professional teams in states where they operate. Arizona is no exception to this trend, with FanDuel and the Phoenix Suns recently announcing a partnership that will make FanDuel the official DFS partner of the NBA team. It’s highly likely that more such combined sports betting/DFS agreements will be executed in the state.
How to begin participating in Arizona DFS
Registering to play daily fantasy activities in Arizona is a straightforward process. You only need a few pieces of information to share with your chosen DFS company.
This information is needed by users to verify the players’ ages, identities, and eligibility for participation within the state. For involvement in Arizona story sports, players need to be at least 21 years old.
When signing up, consumers should be ready to provide the following information:
- full title or constitutional
- Date of birth
- Username
- a home address
- e-mail target
After agreeing to the terms and conditions of the DFS operator, users in the Grand Canyon State will have the ability to fund their accounts and participate in fantasy sports.
The state permits programs, which enable users to deposit into their accounts, to accept various forms of payment. These include:
- Transfer of funds electronically
- a debit card
- bank cards
- Check
- line transmission
DFS in Arizona is associated with sporting wagering
According to an estimate, DFS & rsquo’s annual revenue for 2019, which was the last normal year, is $2.9 billion. Both FanDuel and DraftKings are worth several billion dollars.
As previously stated, the two business leaders, and Yahoo’s three players, have all been given the green light to distribute DFS items to residents of Arizona. There should be a significant amount of cross-promotion and enticing offers on FanDuel and DraftKings, aimed at DFS users who may also be interested in sports betting.
The DFS industry officially launched on Aug. 28, which coincided with the pre-launch of mobile betting apps in Arizona permitting users to register and fund their online sportsbook accounts. Nevertheless, the first lawful bets were not made until Sept. 9. Notably, DFS was up and running a few days before September began, allowing operators to receive paid entries for NFL fantasy contests in ample time.
How do narrative sports operate on a daily basis?
Daily fantasy sports greatly broadens the concept of traditional fantasy sport by allowing participants to join competitions and formulate novel fantasy lineups for various sports on a daily and intra-day basis. Paid-entry daily fantasy sports were first introduced by the website, Daily Fantasy Sports Live, in 2007.
The industry experienced exponential growth following the introduction of major platforms like FanDuel and DraftKings in 2009 and 2012. Initial challenges included navigating the legality of the industry across various jurisdictions in the country. This was followed by an aggressive campaign advocating for it state by state. The repeal of the Professional and Amateur Sports Protection Act (PASPA) eventually allowed Daily Fantasy Sports (DFS) to establish a stronger legal foothold. This attracted significant attention from state politicians, many of whom focused on the question of whether or not to permit sports betting.
DFS competitions of various kinds
In the absence of a more suitable term, traditional DFS events are typically mirrored by platforms like DraftKings, FanDuel, and Yahoo. These contests function on a system that is based on a salary cap, where participants can choose a premier group of real-world athletes from a pre-selected list of games, while managing their budgets. Each athlete is allocated a fixed income by the DFS organizer.
Individuals in a competition vie against other participants based on the collective scores their teams achieve in one-on-one contests. Each competition comes with a pre-established award structure and pool.
FanDuel, DraftKings, and Yahoo provide the following most popular DFS battle categories:
Trophy pool guarantees: These events, often known as tournaments, usually draw large participant numbers and allow multiple entries. A portion of the prize pool, which is typically less than 50%, is distributed on a sliding scale of cash prizes depending on the final position, irrespective of whether the tournaments are fully subscribed.
Income games refer to DFS contests where approximately half or a portion of the area is granted as a reward. These games include one-on-one DFS competitions against other players, 50/50 contests where the top half of the participants receive payment, and multiplier games, where each participant earns an amount equivalent to a set multiplier of their entry fee.
Teams usually involve smaller-field contests with participant numbers varying from three to 200. They commonly distribute prizes to 30 to 35% of the field. These teams are essentially a blend of GPPs and cash games.
Other daily fantasy choices
It’s interesting to note that several other DFS operators have recently decided to diverge slightly from traditional salary-cap-based contest offerings. Instead, they’re focusing on contest formats that heavily draw from traditional sports prop betting, in addition to the “Big Three” of DK, FD, and Yahoo. Two popular examples of such operators are Monkey Knife Fight (MKF) and PrizePicks.
Both companies require contest participants to predict if a real-world athlete will surpass or fail to meet certain analytical benchmarks in that day’s lineup of games. PrizePicks emphasizes its story point system, which sets the statistical goals for its members’ selections. On the other hand, MKF utilizes precise statistical groups from each sporting event for their contests and also provides a fantasy-point scoring system as the norm.