AZ Sports Betting On The Horizon: Timeline And Regulations Set

• HB 2772 will allow for 20 sports betting licenses.
• Licenses will be awarded to both tribal casinos and state-regulated operators.

PHOENIX— Arizona sports bettors might not have to wait much longer as the process to allow for sports betting in the state has been taken up a notch in an effort to have it launched prior to the NFL season.

The process began on April 15 when Arizona Governor, Doug Ducey, signed HB 2772 into action which allowed for both tribal casinos and state-regulated operators to begin setting rules and regulations for Arizona sports betting.

Following the governor’s signing, the tribal casinos have a 45-day period to approve and send it on to the Federal Register who then have 90 days to publish them. As for the Arizona Department of Gaming, they have a 60-day period to set rules and regulations.

Although there have not yet been any licensing fees or tax rates set or announced just yet, the number of licenses has been. The state will grant 20 sports betting licenses with 10 of them going to the tribal casinos and the remaining 10 will go to the sports teams in the state.

Big named operators have already reached out to inquire about licenses with legal sports betting sites like DraftKings partnering up with The Players Championship Scottsdale and FanDuel signing with the Phoenix Suns.

Also with the bill’s approval, Arizona now allows for Daily Fantasy Sports games and contests and also approved for four new casinos to be built in the Phoenix area as well.

News tags: Arizona Department of Gaming | Arizona sports betting | Doug Ducey | DraftKings | FanDuel | HB 2772