Mar 23, 2024; Salt Lake City, UT, USA; Arizona Wildcats guard Kylan Boswell (4) reacts after defeating the Dayton Flyers in the second round of the 2024 NCAA Tournament at Vivint Smart Home Arena-Delta Center. Mandatory Credit: Gabriel Mayberry-USA TODAY Sports
- The Arizona Department of Gaming awarded two new sports betting licenses
- Plannatech, Sporttrade are the two new state license holders
- They’ve partnered with the San Carlos Apache Tribal Gaming Enterprise and the Quechan Indian Tribe of the Fort Yuma Indian Reservation, respectively
Arizona has filled two sports betting vacancies, but the department of gaming is still looking to fill several unoccupied licenses in the Grand Canyon State.
The Arizona Department of Gaming announced last week it awarded event wagering operator licenses to Plannatech as the designee for the San Carlos Tribal Gaming Enterprise and to Sporttrade as the designee for the Quechan Indian Tribe of the Fort Yuma Indian Reservation.
The department opened the application process on July 8 and closed on July 19.
Two New Licensing Partnerships for Tribes
This is the second sports betting partnership for both tribes. The Quechan Indian Tribe of the Fort Yuma Indian Reservation originally partnered with Unibet in the state, but the gaming operator ceased all North American operations this past December. The San Carlos Tribal Gaming Enterprise originally partnered with WynnBET, which has ceased operations in a majority of its licensed states.
Each Arizona sports betting license costs an initial $750,000 license cost, a $100,000 initial license fee, and a $150,000 license renewal fee each year.
Sporttrade is currently live in Iowa, New Jersey, and Colorado, while Plannatech is a B2B platform provider that supports Prime Sportsbook in New Jersey and Ohio.
Sporttrade’s CEO Alex Kane wrote on social media platform X that the company is “laser-focused on delivering a premium experience to folks in Arizona.”
Additional Licenses Also Available
While the department of gaming successfully filled two vacancies, Arizona suddenly has several other event wagering operator licenses that are also available.
SaharaBets, which had partnered with the NHL franchise Arizona Coyotes, recently announced it would be shutting down in the state after news of the Coyotes relocation to Salt Lake City, Utah. Users have until Aug. 8 to withdraw funds from their accounts, according to Sahara Bets owner Alex Meruelo.
Additionally, SuperBook, which is partnered with the Fort Mojave Indian Tribe, announced in July that it would closing operations in eight states, including Arizona. The sportsbook only remains online in Nevada.
Finally, Betway announced in July it would also be shutting down operations in eight states, including Arizona. Betway had originally partnered with the San Juan Southern Paiute Tribe.
Arizona law only allows 20 live sports betting licenses. The approved sports betting law allows for 10 tribes to have sports betting partnerships and 10 Arizona sports franchises to have sports betting partnership.
Rob covers all regulatory developments in online gambling. He specializes in US sports betting news along with casino regulation news as one of the most trusted sources in the country.
Two companies, Plannatech and Sporttrade, have recently been granted licenses to operate sports betting in the state of Arizona. This development comes as the state moves forward with its plans to legalize sports betting following the passage of legislation earlier this year.
Plannatech is a technology company that specializes in providing software solutions for the sports betting industry. The company’s platform is designed to streamline the betting process and provide users with a seamless experience. With their new license in Arizona, Plannatech will be able to offer their services to residents and visitors who are looking to place bets on their favorite sports teams.
Sporttrade, on the other hand, is a sports betting exchange that allows users to trade sports bets in a manner similar to how stocks are traded on a stock exchange. The company’s platform offers a unique way for bettors to interact with one another and potentially profit from their sports betting activities. With their new license in Arizona, Sporttrade will be able to bring their innovative approach to sports betting to the state’s residents.
The granting of licenses to Plannatech and Sporttrade is part of a larger effort by the state of Arizona to regulate and oversee the sports betting industry. By licensing these companies, the state can ensure that bettors have access to safe and secure platforms for placing their bets. Additionally, licensing these companies helps to generate revenue for the state through licensing fees and taxes on betting activity.
Overall, the licensing of Plannatech and Sporttrade in Arizona represents a significant step forward for the state’s sports betting industry. With these companies now able to operate legally in the state, residents and visitors alike will have more options for placing bets on their favorite sports teams. As the industry continues to grow and evolve, it will be interesting to see how these companies contribute to the overall landscape of sports betting in Arizona.
