Fanatics Betting & Gaming has been granted an Arizona wagering license by the Arizona Department of Gaming (ADOG) on March 15.
The only major US operator not yet in the market, Fanatics will partner with the Tonto Apache Tribe.
An application window was opened by ADOG in February, offering one tribal and at least one professional sports franchise license.
The law allows for 20 licenses, ten of each tethered to tribal casinos and professional sports venues or franchises.
The announcement from the ADOG did not mention if it had issued a license to an entity partnering with a professional sports franchise. It did however confirm that no applications of that nature were received
No professional franchises applied in an earlier round of licensing, either. To date, there are eight franchise licenses, leaving space for two more teams to claim licenses.
With it now being two and a half years since sports betting was legalised in the state, it seems there aren’t any other professional sports franchises left to qualify for an Arizona wagering license.
Arizona Wagering Licenses Still Shutting Out Some Tribes
As for the tribal half of the state’s licenses, all ten have now been claimed. This leaves at least six tribes without access to an Arizona wagering license or the sports betting market.
In August, Bet365 was awarded a license in partnership with the Ak-Chin Indian community. Its previous partner, Fubo Sportsbook, shuttered in 2022, with Bet365 launching in February.
This time last year, Fanatics’ digital program was available to just a small number of states. But since taking over PointsBet’s operations in North America, Fanatics has launched or rebranded across the nation and is now available in 16 states.
These include Michigan, New York, North Carolina, Ohio and Pennsylvania, which are five of the seven biggest states in the US with legal sports betting.
Fanatics Sportsbook must launch its platform within 180 days. The ADOG has however said that it can launch as soon as all required information is submitted and the regulator has given approval.
In January, Arizona set a record for handle. The 16 operators received $706.4million in wagers, and generated $46.2m in adjusted gross revenue. They also paid $4.6m in taxes to the state.
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