Tag: arizona sports betting

July 25, 2024

Arizona reports yearly sports betting revenue and handle growth in May 

Sports betting revenue and handle in Arizona increased year-on-year during May as FanDuel remained the state’s leading operator by some distance.
Total spending on sports betting in May hit $568.5m (£441.3m/€523.8m), according to the Arizona Department of Gaming report. This is 25.9% more than in the state in May 2023, but 13.4% behind April’s total this year.

Of all wagers placed in Arizona, $563.2m was bet online and $4.1m with retail sportsbooks. The remaining $1.2m was wagered through limited event wagering operators during May.

Players won a total of $506.0m from sports betting in May, resulting in $61.1m adjusted gross receipts (AGR) prior to promotional deductions. This figure is 25.7% higher than last year and only marginally behind $63.3m in April despite the lower handle.

After accounting for $17.2m in free-bet and promotional deductions, AGR amounted to $43.2m. This amended figure is 27.4% ahead of last year and 0.5% behind April.

May’s $42.7m AGR came from online bet..

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June 26, 2024

Coyotes owner to unwind team; SaharaBets likely to exit Arizona

Arizona Coyotes owner Alex Meruelo has given up hanging onto what remains of his NHL team, and will dissolve the team. Muruelo had been planning to build a new Phoenix-area arena and the NHL gave him five years to recreate his team.

But days after a land deal fell through, Meruelo decided to move on, PHNX Sports reported Tuesday (25 June). And with that decision, it seems clear that SaharaBets will also exit Arizona. The digital sports betting platform is tethered to the franchise, as required by Arizona law. It launched in January 2022.

In April Meruelo sold the players and game operations to a Utah-based group. He retains the rights to the name, team IP, records and the AHL (American Hockey League) Roadrunners affiliate franchise. At that time, the NHL classified the Coyotes as an “inactive” team. Meruelo now says he will unwind team operations within 30 days.

More on Meruelo and his NHL ownership demise!
NHL Faces a Reset After Meruelo’s Missteps and Coyotes Collapse ⁦⁦@Arizo..

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June 25, 2024

Arizona Coyotes lose chance at new arena site. Does this affect wagering licence?

The Arizona Coyotes – currently an NHL team in name only – announced late on Friday that the state cancelled a land auction on property targeted for a new arena. Without players or a place to play, can the Coyotes keep their event wagering licence?

There does not currently appear to be a clear answer to that question. The Coyotes are among eight professional sports franchises that are licensed to offer legal digital event wagering in Arizona.

Owner Alex Meruelo in April sold the players and game operations to a Utah-based group. He retains the rights to the name, team IP, records and the AHL (American Hockey League) Roadrunners affiliate franchise. At that time, the NHL classified the Coyotes as an “inactive” team.

That designation does not appear to have changed. But the Coyotes’ plans to acquire new land on which to build a new arena have been stymied.

“Today, after a year of planning and meeting every obligation required under Arizona law, the Arizona State Land Department un..

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