WynnBET Seeks Arizona Sports Betting Access Via San Carlos Apache Tribe
According to a news release provided by WynnBET – a digital arm of Nevada-based hotel and casino company Wynn Resorts – will be the 16th state where the online sportsbook will launch.
Arizona sports betting is expected to go live on Sept. 9 as the regulators are currently preparing the regulation, following the comment period on the rules draft closed on June 21.
Earlier in April, Arizona Gov. Doug Ducey signed a sports betting bill into law that would allow sports betting first time in the state through tribes and professional sports teams.
Key Details of the Partnership
WynnBET will work directly with the San Carlos Apache Tribal Gaming Enterprise, which operates the Apache Gold Casino and Apache Sky Casino. San Carlos Apache Tribe is a potential candidate to win a sports betting license. The law allocates 10 licenses meant for the state’s 22 gaming tribes. There are 10 more for professional sports teams. Each license can have one mobile skin.
The Arizona law also allows a tribe with multiple casinos to have multiple retail sportsbooks.
WynnBET’s market access to Arizona sports betting will depend on the partnering tribe securing a license, and other eligibility criteria.
WynnBET’s Enters 16th Market
Arizona would be the 16th jurisdiction where WynnBET plans to launch, and covers approximately 53% of the US population, with plans to expand further in more states, resulting in almost 77% of the population.
In May, Wynn Resorts spun off Wynn Interactive to create an independent public company. The SPAC merger was worth $3.2 billion with the Austerlitz Acquisition Corp. I allowed the combined company to retain Wynn Interactive, with Wynn Resorts maintaining a 58% ownership stake in the company.
Operators Rushing to Arizona Sports Betting
Operators are rushing to the Copper State to grab their piece of the pie before sports betting launches in the fall. WynnBET is the second company in a week to announce a market access deal for Arizona sports betting.
On Tuesday, Bally’s Corporation announced a similar deal to catapult its Bally Bet app to the Arizona market via a deal with Women’s National Basketball Association’s Phoenix Mercury. The professional basketball team Phoenix Suns, which shares an owner with the Mercury, forged an alliance with FanDuel.
Meanwhile, the Arizona Diamondbacks – a Phoenix-based professional baseball team – partnered with Caesars Sportsbook. Another industry giant, DraftKings, forged an alliance with the PGA Tour’s Phoenix Waste Management at TPC Scottsdale to enter the Arizona market.
Currently, Arizona is awaiting an updated set of rules by the Arizona Department of Gaming (ADG) for the operators seeking to launch in the Copper State. Arizona plans to launch sports betting on Sept. 9, coinciding with the kick-off day of the 2021 NFL season.