Arizona punters might be able to start their engines as soon as this drop, and NASCAR drivers might follow suit.
The anticipated Phoenix Raceway casino is now closer to becoming a reality, thanks to a new agreement between Andnbsp, Penn National Gaming, and professional race circuits.
This deal signifies the arrival of Barstool Sportsbook at the raceway. Hence, AZ gamblers should be able to access the online sports betting app with the same branding, subject to regulatory approval. It also indicates another entry point for sportsbooks in Arizona, symbolized by the waving of the checkered flag.
What information is there about the betting at Phoenix Raceway?
A NASCAR press release has announced that Barstool is set to become the exclusive sportsbook of Phoenix Raceway. The app will offer distinctive promotions for NASCAR events. In exchange, Barstool will not only gain market access but also receive signage at the track and on NASCAR’s social and digital platforms.
“Phoenix Raceway is a cutting-edge entertainment venue that takes pride in providing top-notch fan experiences,” Julie Giese, president of Phoenix Raceway, stated. “Our alliance with Penn National Gaming and Barstool Sportsbook elevates this even further. It aids us in persisting with our goal of transforming how we engage fans and reach new demographics.”
Naturally, approval of permits is vital for the entire transaction. In Arizona, legal provisions allocate 10 sports betting licenses to sporting venues such as the racetrack. Each franchise holder has the opportunity to engage a third party, like PNG, to oversee their sportsbooks’ daily operations.
When did Barstool Sportsbook debut in Arizona?
The exact opening date for the retail book at Phoenix Raceway to the public is uncertain. The Arizona Department of Gaming has set September 9 as its tentative date for initiating sports betting across the state. However, it does not assure that this particular physical location will be operational by that date.
If given approval, the game is likely to go live after the given time. It is still unknown where the racecourse plans to locate the retail aspect. Once all necessary regulatory approvals are secured, these plans may be disclosed to the public. If approved, Arizona will join the list of locations where Barstool legally permits sports betting, a list that currently includes Illinois, Indiana, Michigan, and Pennsylvania.
Several leading sports betting companies now have access to the market in Arizona. Meanwhile, options are becoming more limited for those companies that are yet to penetrate the market.
Cardinals, Coyotes, and cultural casinos are also subjects for debate.
Only the Arizona Cardinals and Arizona Coyotes, among the prominent sports properties in Arizona, have not yet publicly announced gambling partnerships. It’s anticipated that they will do so eventually. At present, the layout of alliances is as follows:
- Caesars, with & nbsp, Arizona Diamondbacks
- Bally Bet with Phoenix Mercury
- FanDuel Sportsbook and Phoenix Suns with & nbsp.
- DraftKings Sportsbook and TPC Scottsdale.
There are 10 more licenses available for tribal casino operators in the state. The San Carlos Apache Tribe, in partnership with WynnBet, and the Yavapai-Apache Nation, in partnership with PointsBet, are two of the groups that have secured sports betting partners.
It seems that there are still chances for more providers such as BetMGM. Nonetheless, there are risks associated with engaging in a cultural game. Currently, 16 tribes hold gaming compacts in the state, but only 10 licenses are available.
According to the latest proposed regulations, having a sports betting partner should assist a compact holder in obtaining a license. However, it’s not a guaranteed success. Even with a partner, a compact holder could potentially fail to secure a license.
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