Industry sources have revealed that FanDuel and Penn National Gaming have both received event gaming licenses from the Arizona Department of Gaming last week. Both gambling companies were licensed as designees while their partner sports franchise/organizations were licensed as operators.
FanDuel was the first sports betting company to partner with a pro sports team in Arizona when they cut a deal with the NBA’s Phoenix Suns last fall. Arizona intends to launch legal sports betting on September 9th when the NFL’s 2021 season opens. However, FanDuel and Penn National can begin marketing campaigns and customer sign-ups on Saturday.
FanDuel previously said it plans to launch online sports betting as soon as possible and then build a retain sportsbook at the Suns’ Footprint Center. Meanwhile, Penn National Gaming is also expected to launch the Barstool Sports App first before building a sports betting shop at the Phoenix Raceway.
A Total of 10 Sports Betting License Applications Received
The Arizona Department of Gaming previously said it received a total of 10 sports betting license applications including one which they announced as rejected last week.
The ADG has not officially named the applicants, although there have been a total of six gambling entities which have aligned themselves with a partner Arizona sports team/organization in recent months.
FanDuel and Penn Gaming are two of the six, pairing with the Suns and Phoenix Raceway, respectively. Meanwhile, the Arizona Cardinals teamed up with BetMGM while the Arizona Diamondbacks entered into a deal with Caesars Entertainment. Bally’s is a sports betting partner of the he WNBA’s Phoenix Mercury and DraftKings paired with the golf’s TPC Scottsdale.
The Coyotes Don’t Have a Sports Betting Partner Yet
With Arizona’s six professional sports teams and organizations already tied up with a sports betting partner, only the NHL’s Phoenix Coyotes have not named their official sports betting partner to date.
The franchise is still on the hunt for a new home after the city of Glendale said last Thursday that it won’t renew the team’s lease past the 2020-21 NHL season. One day later, the Coyotes sent a notice to their season ticket holders that they intend to stay in the metro Phoenix area.
Arizona’s sports betting law allows up to 20 retail sports betting licenses. 10 of the licenses will be allotted to the state’s professional teams and organizations while the other 10 are to be given to the Northern American tribes. In a recent announcement, the ADG said that it received a total of 16 applications from the tribes and that they are in the process of evaluating and selecting the 10 approved applicants.