Sports Betting Market in Arizona
The sports betting market in Arizona is set to be one of the largest in the country, with up to 20 licenses available for sportsbooks to operate within the state. The licenses are split between professional sports teams, tribal casinos, and off-track betting facilities.
Under the new law, professional sports teams that have a physical presence in the state are eligible to apply for a license to operate a sportsbook. These teams include the Arizona Cardinals (NFL), Arizona Diamondbacks (MLB), Phoenix Suns (NBA), and Phoenix Mercury (WNBA).
Tribal casinos in the state are also eligible to apply for sports betting licenses, with 10 licenses available for them. The licenses are allocated through a competitive bidding process, with tribes submitting proposals to the Arizona Department of Gaming.
Off-track betting facilities, which allow customers to place bets on horse and dog racing, are also eligible to apply for a sports betting license.
How to get started with Sports betting in Arizona
Step 1: Select a sportsbook
The first step to getting started with sports betting in Arizona is to choose the sportsbook(s) that best suits your betting needs. When making your selection, consider factors such as registration bonuses, the range of betting lines offered, and how easy it is to deposit and withdraw your money. Be sure to also read and fully understand the terms and conditions associated with each sportsbook.
Step 2: Register online
To bet on sports in Arizona, you will need to register with a sportsbook. The online registration process is typically straightforward, and you will be required to enter some personal information and confirm your identity.
Step 3: Claim a bonus
Most sportsbooks in Arizona offer attractive promotions to new customers. These may include risk-free bets, deposit matches, or no-deposit bonuses. Be sure to take advantage of any such promotions.
Step 4: Deposit funds
Once you have registered with a sportsbook, you will need to deposit funds into your account. Sportsbooks in Arizona accept various payment methods, including PayPal, credit/debit cards, bank transfers, and PayNearMe. Be aware of any transaction fees associated with each payment method.
Step 5: Choose your bet types
Arizona sports betting includes all of the most popular bet types. You can play the moneyline, place an over/under bet, or try to beat the spread. Other types of wagers, such as parlays, teasers, and live bets, are also available.
Step 6: Start betting
With sports betting in full swing in Arizona, it is recommended that you become familiar with the most popular bet types and shop around at several sportsbooks for the most favorable odds. Keep in mind that sportsbooks in Arizona do not offer identical odds, so it is important not to jump at the first betting line you encounter.
Step 7: Withdraw funds
If you have won money betting on sports, you will need to withdraw your funds from your sportsbook account. While deposits are typically available immediately, it may take a bit longer to receive the cash withdrawn from a sportsbook account. It is recommended that you identify any fees that accompany a withdrawal from an online sportsbook.
In summary, getting started with sports betting in Arizona is a simple process that requires selecting a sportsbook, registering online, claiming a bonus, depositing funds, choosing your bet types, placing your bets, and withdrawing any winnings. Be sure to read the terms and conditions associated with each sportsbook, shop around for the best odds, and always gamble responsibly.