Sports betting platform, Sporttrade, granted authorization to operate in Arizona
XXX's Guide to Betting in the Grand Canyon State
The Arizona Department of Gaming has recently added two new players to the table: Sporttrade and Plannatech. These fresh faces are gearin' up to join the hot sports betting scene in Arizona, the state that's been outdoin' its neighbor, Nevada, since April and May. With two open licenses among the 10 tribal gaming operator licenses, the Quechan Indian Tribe and the San Carlos Apache Tribal Gaming Enterprise have chosen Sporttrade and Plannatech as their designees.
If you're wonderin' where these cats are from, Sporttrade is a familiar face in the New Jersey, Colorado, and Iowa sports betting market, while Plannatech first ventured into the States back in 2015. The Arizona Department of Gaming hasn't shared any details about Plannatech's specific plans, but Sporttrade's already causin' a stir in the Hawkeye State, with $1.1 million in handle and a 9.7% hold in its first two months.
The bandwagon's been pushin' off since June 7, when the licensin' process opened. It took a year for the last event sports wagering operator license to be awarded to bet365, but Sporttrade and Plannatech managed to fast-track their way in. According to Adam Bjorn, Plannatech's COO, things are movin' quick, and they're just hungry to get their ducks in a row.
With the addition of Sporttrade and Plannatech, the Grand Canyon State's bettors will have 18 mobile betting options to choose from. So far, the state has seen more than $3.3 billion worth of wagers in the first five months of the year, with close to 99% of those bets placed via mobile apps.
Now, some quick facts ya might find interestin': Sports betting is legal for adults aged 21 and over, with the Arizona Department of Gaming regulin' both online and retail sportsbooks, as well as off-track betting facilities. The market's known for its constant flux, with habit of sittin' new operators, like Unibet, Betway, SuperBook, and SaharaBets, hoppin' in and out. And don't forget the cease-and-desist orders issued to unlicensed operators to protect consumers and shore up market integrity.
So, grab your smartphone, find a comfy spot, and get ready to place your bets, Arizona sports enthusiasts!
In the rapidly evolving sports-betting market of Arizona, the newly added companies, Sporttrade and Plannatech, are eagerly preparing to participate, following in the footsteps of their successful ventures in states like New Jersey, Colorado, and Iowa. With 18 mobile betting options available to bettors in the Grand Canyon State, these newcomers are poised to provide an additional layer of competition in the spirited sports-betting scene.
