Sports betting legalisation bill signed in Arizona

Sports betting legalisation bill signed in Arizona

Sports betting legalisation bill signed in Arizona

Doug Ducey, Governor of Arizona, has officially signed a bill that will permit sports betting to become legal in the state of Arizona. House Bill 2772 was initially set forth in February, and it will give all gamblers in the state the opportunity to bet on sports at all tribal casinos and venues which are owned by major sports teams.

DraftKings has signed a deal for the launch of a retail sportsbook, as FanDuel also revealed a similar project soon to come.

Mike Raffensperger, chief marketing officer at FanDuel, said:

“As we gear up to bring our best-in-class online and retail offerings to the state of Arizona, this is a momentous time for FanDuel, the Suns, and Suns fans alike. We’re excited to open a luxury sportsbook within Phoenix Suns Arena, as the beginning of a long-term and innovative collaboration that will have a lasting impact on the state.”

The state’s governor further explained:

“This is a once-in-a-generation milestone for tribal nations, their communities, and the entire state of Arizona — and I’m proud to sign a gaming compact amendment and associated legislation that will benefit people in every corner of our state. I can’t overstate the impact the tribal-state gaming compact amendment and its associated legislation will have on our state. Today’s signing is a culmination of years of partnership and engagement among many diverse stakeholders — and we did it by bringing everyone to the table, pushing individual agendas aside, and putting Arizona first.”

Through this deal, all gaming establishments will be able to offer funding to tribes for an offering of tribal gaming revenue in order to pay for the regulatory spendings. Aside from that, the amount of devices that tribes are allowed to operate is set to increase, but still stays limited. The system permitting tribes to transfer device issuing to other tribes will still remain functional and set up.

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