pretty crazy IMO
https://www.thelines.com/stadium-sportsbook-arizona-fanduel-phoenix-suns/
In other places, running a retail sportsbook inside of a sports stadium gets you “air superiority.” For stadium sportsbook operators in Arizona, however, inside those venues and the immediate area surrounding them will be wide, open spaces.
The new law in AZ allows for in-stadium sportsbooks but doesn’t give them “exclusivity zones” for online wagering like the statutes in other jurisdictions do. Thus, for the likes of DraftKings Sportsbook and FanDuel Sportsbook, it’s a little less appealing.
[h=2]WHAT AZ LAW DOES – AND DOESN’T – HOLD FOR STADIUM SPORTSBOOK OPERATORS[/h]The state’s new gambling expansion law installs a cap of 20 sports betting licenses. Half of those are for tribal casino operators. The other half is for professional sports teams and the owners of venues where such events happen.
We’ve already seen two potential licensees announce their intentions. TPC Scottsdale, the annual host of the PGA TOUR’s Waste Management Phoenix Open, has partnered with DraftKings. The Phoenix Suns have similarly teamed up with FanDuel for a sportsbook at Talking Stick Arena. The Arizona Diamondbacks plan to partner with Caesars.
Those contracts get DraftKings and FanDuel into those venues on a brick-and-mortar basis. It also gets both gambling companies access to Arizona online bettingon a statewide basis. However, there’s one thing missing here.
In other jurisdictions with legal sports betting like Illinois and Washington, D.C., owners of such venues and teams can apply for sportsbook licenses as well. They can also contract with gambling companies to handle the daily operation of the books on their behalf.
However, in those places, those sportsbooks get an “exclusivity zone.” In IL, it’s a five-block radius. That applies to not only retail betting but online wagering as well.
For example, the Chicago Cubs have a deal with DraftKings to place a sportsbook in or near Wrigley Field. Thus, when launched, none of the other IL sportsbooks will be able to accept wagers within that radius of Wrigley, even online. DraftKings essentially owns some of the best real estate in the state when it comes to betting on sports.
Barring future amendments, AZ law doesn’t include any such provisions. That doesn’t mean getting into Chase Field or State Farm Stadium has no value for gambling companies, though. Those are still prime territories. I
https://www.thelines.com/stadium-sportsbook-arizona-fanduel-phoenix-suns/
In other places, running a retail sportsbook inside of a sports stadium gets you “air superiority.” For stadium sportsbook operators in Arizona, however, inside those venues and the immediate area surrounding them will be wide, open spaces.
The new law in AZ allows for in-stadium sportsbooks but doesn’t give them “exclusivity zones” for online wagering like the statutes in other jurisdictions do. Thus, for the likes of DraftKings Sportsbook and FanDuel Sportsbook, it’s a little less appealing.
[h=2]WHAT AZ LAW DOES – AND DOESN’T – HOLD FOR STADIUM SPORTSBOOK OPERATORS[/h]The state’s new gambling expansion law installs a cap of 20 sports betting licenses. Half of those are for tribal casino operators. The other half is for professional sports teams and the owners of venues where such events happen.
We’ve already seen two potential licensees announce their intentions. TPC Scottsdale, the annual host of the PGA TOUR’s Waste Management Phoenix Open, has partnered with DraftKings. The Phoenix Suns have similarly teamed up with FanDuel for a sportsbook at Talking Stick Arena. The Arizona Diamondbacks plan to partner with Caesars.
Those contracts get DraftKings and FanDuel into those venues on a brick-and-mortar basis. It also gets both gambling companies access to Arizona online bettingon a statewide basis. However, there’s one thing missing here.
In other jurisdictions with legal sports betting like Illinois and Washington, D.C., owners of such venues and teams can apply for sportsbook licenses as well. They can also contract with gambling companies to handle the daily operation of the books on their behalf.
However, in those places, those sportsbooks get an “exclusivity zone.” In IL, it’s a five-block radius. That applies to not only retail betting but online wagering as well.
For example, the Chicago Cubs have a deal with DraftKings to place a sportsbook in or near Wrigley Field. Thus, when launched, none of the other IL sportsbooks will be able to accept wagers within that radius of Wrigley, even online. DraftKings essentially owns some of the best real estate in the state when it comes to betting on sports.
Barring future amendments, AZ law doesn’t include any such provisions. That doesn’t mean getting into Chase Field or State Farm Stadium has no value for gambling companies, though. Those are still prime territories. I
