Thanks to a new agreement between Andnbsp, Penn National Gaming, and the professional race circuits, the anticipated Phoenix Raceway casino is now more tangible.
The deal means Barstool Sportsbook is coming to the raceway. As a result, AZ bettors should have access to the online sports betting app under the same branding, pending regulatory approval. It also means the checkered flag has waved on another Arizona point of entry for sportsbooks.
What is known about the betting at Phoenix Raceway?
According to a NASCAR press release, Barstool will become the exclusive sportsbook of Phoenix Raceway. The app will feature unique promotions for NASCAR events. In return, as well as gaining market access, Barstool will get signage at the track and on NASCAR’s social and digital channels.
“Phoenix Raceway is a state-of-the-art entertainment destination that prides itself on delivering a best-in-class fan experience,” said Julie Giese, president of Phoenix Raceway. “Our partnership with Penn National Gaming and Barstool Sportsbook takes this to another level. It will help us continue our mission of redefining the way we engage fans and connect with new audiences.”
Of course, permit approval is necessary for the entire transaction. In Arizona, position law grants 10 sports betting permissions to sporting venues, like the racetrack. Each of those franchisees has the option of hiring a third party, such as PNG, to manage their sportsbooks’ day-to-day functions.
In Arizona, when did Barstool Sportsbook debut?
It isn’t clear exactly when the retail book at Phoenix Raceway could open to the public. The Arizona Department of Gamingmaintains Sept. 9 as its target date for the launch of sports betting in the state. That isn’t a guarantee that this specific brick-and-mortar site will be ready on that date, though.
If approved, the game will probably go live after this time. Where the racecourse intends to find the retail element is not yet known. Once all important regulatory approvals are in place, such plans might be made public. Arizona will be added to Barstool’s record of areas where it allows legal sports betting if it is approved. Illinois, Indiana, Michigan, and Pennsylvania are among those claims as of right now.
Some of the top sports betting companies now have access to Arizona’s market. Choices are beginning to become more constrained for those playing companies that are still on the outside looking in right now.
Also up for debate are Cardinals, Coyotes, and cultural casinos.
Out of the existing prominent sports properties in Arizona, only the Arizona Cardinals and Arizona Coyotes have yet to publicly announce gambling partnerships. The expectation is that they will do so at some point. Currently, the map of alliances It appears as follows:
- Caesars, with & nbsp, Arizona Diamondbacks
- Phoenix Mercury with Bally Bet
- Phoenix Suns, FanDuel Sportsbook, and with & nbsp
- DraftKings Sportsbook, TPC Scottsdale, and nbsp
Another 10 licenses are available for tribal casino operators in the state. Two of those groups, the San Carlos Apache Tribe (with WynnBet) and the Yavapai-Apache Nation (with PointsBet) have landed sports betting partners.
It appears that there are still opportunities for additional providers, like BetMGM. However, there is some risk involved in working with a cultural game. The state now has 16 tribes holding gaming compacts and only 10 licenses available.
It’s possible that a compact holder, even with a sports betting partner, could miss out on a license. Having a partner should aid in that endeavor according to the latest proposed regulations. It’s simply no guarantee.