Arizona is known worldwide as the land of the Grand Canyons. But there’s a new sight in town that has captured the Arizona market by storm. We are talking about the legalization of sports betting in Arizona and the exceptional buzz it has created. Since the legalization of AZ sports betting in 2021, the best sportsbooks in the country, and certainly worldwide, have entered the Arizona market with different offers, promo codes, and deals.
If you want to explore AZ’s betting excitement, you have come to the right place. Our discussion covers everything you need to know about sports betting in Arizona! But first, let’s cover a little background on the history of sports betting in the Grand Canyon State.
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Arizona’s gambling history traces its roots from the various bills before the state legislature in 2019 to its current state as a multi-million dollar industry in 2023. While there have been numerous attempts over the years to legalize sports betting in Arizona, the most elaborate bills in the state were introduced by Sen. Sonny Borrelli and Rep. Steve Pierce in 2019. The laws proposed faced numerous impediments and resistance, but finally, Governor Ducey signed the law that made online sports betting legal in Arizona in April 2021. Interestingly, the signing of the sports betting bill coincided with the start of the NFL season in 2021.
Sports gambling in Arizona has become a highly lucrative activity for many gamblers in the state. It’s no surprise that the AZ sportsbooks reported over $1.75 billion in wagers and bets a paltry four months after the legalization of sports betting in the state.
Markets and Types of Bets in Arizona
The 2021 law in Arizona provided for different types of betting options for any interested punter. The betting options in Arizona start from the regular money line bets and props bets to the more sophisticated and elaborate parlay odds. Let’s start with money-line betting.
A money line bet allows you to wager a certain amount of money to predict the winner of the match. Generally, money line odds are listed using the American format. For instance, a bet that is listed as a negative (-150) for the favorites would mean that you would have to bet $150 for you to win a profit of $100. On the other hand, a positive (+)150 money line listing for the underdog gives a profit of $150 for every $100 you bet in favor of the underdog.
Another type of bet you can expect in Arizona is the point spreads option. The point spreads option allows you to stick a certain amount of money on the margin of victory or the difference between the points two Arizona pro sports teams score in a game. Point spread betting is ideal in all kinds of team sports, such as the NBA, the NFL, or the MLS.
If you are not sure about the outcome of the game but are interested in wagering on the totals of a game, then you can predict the combined score for the teams using a totals option. This type of bet is often called the Over/Under, where you predict whether the total score will go over or under a particular margin.
Seasoned Arizona sports bettors can also wager on proposition bets or props. A proposition bet allows you to wager on specific events in the game that are not dependent on the score. You can bet on a wide range of options, such as who will hit the number of home runs in an Arizona Diamondbacks baseball game and the first team to score a touchdown in a football game. Really, your options are limitless when it comes to props.
Aside from real-life games, Arizona betting options also provide for virtual betting over virtual games. All you would need to do is set up an account with a licensed betting platform, and you will be good to go.
Live In-Game Betting on Arizona Betting Apps
In-game wagering has become an increasingly popular option for people who enjoy sports betting. Generally, in-game or live betting involves making a wager as the game progresses. Live betting in Arizona allows you to wage on the different options we have discussed above, depending on the progress of the game. For most gamblers, live betting is a lucrative option since it allows you to make real-time bets based on the outcomes of the game as it progresses. Gone are the days when you would have to place a bet before the game and wait for the game to end so that you could know the outcome of your wager!
When placing a live bet, there are certain strategies you should explore. For starters, you should remember that live odds are always changing. The odds of any outcome of a bet will depend on the activities going on at that particular moment. That means you should be quick to place your bets the moment you realize there’s a chance of you winning. If you are too slow, the odds might reduce, and so will your possible win. You should also learn to make split-second decisions when it comes to in-game wagering. A small decision can be the difference between a plus and a minus on your bet! But don’t forget to enjoy yourself. Live betting is a great way to be part of the play-by-play action as it happens.
How to Deposit and Cash Out at Arizona Betting
The main reason you’re probably exploring sports betting in AZ is to make a buck or two. If you want to make some money in betting, then you need to first deposit your money into the platform, wager an amount on the outcome of the game, and then withdraw your winnings. Let’s first talk about how you can deposit money into Arizona betting platforms.
The deposit process for AZ sports betting is often straightforward. You will have chosen your preferred platform or sportsbook. Following their direction, you will need to deposit some funds before you can place a bet. Some common deposit options include bank transfers, PayPal accounts, or crypto accounts. The sportsbook you choose will have step-by-step instructions on how to transfer funds into your account.
The process of cashing out your winnings after a wager often depends on the betting platform you choose. However, most Arizona betting transactions follow the same format. You will first have to log into your betting account and navigate to the withdrawal page. Then, you need to select your preferred payment methods from the cashout options on the sportsbook platform. When you are sure that you have selected the right method, you should then enter the amount you want to withdraw from the betting platform and submit your withdrawal request.
If you want to have secure transactions when depositing or cashing out from AZ sportsbooks, you need to be careful about the entire transaction process. For starters, always use secure links when transferring funds from your account to the betting platform. A good way of identifying a secure link is by looking for the HTTPS tag. You should also consider using a secure and unique password for all your online payment platforms. Finally, only use legal online Arizona betting sites to avoid falling prey to unscrupulous people online.
Most Popular Sports to Wager on in Arizona Betting
Since its legalization in 2021, betting on popular sports in Arizona has increased immensely. Some of the Arizona sports betting favorites include:
As the Formula One season rages on, there are many types of bets you can explore to have fun when betting on races. In Formula One races, some of the best options to explore when betting include the money line for the winner of the race and the top six finishes. Remember to keep tabs on the races as they progress through the different Grand Prix every weekend.
Drifting spots such as the Formula Drift are exciting sports to bet on. In Formula Drift, you can consider betting on different Formula Drift events, including the winner of the competition, the winner of a head-to-head match-up, and more. You can even place a propositional bet on aspects such as style score, whether a driver will make contact with a competitor, or even the fastest lap times. Your options are limitless.
For MotoGP betting, you can consider placing bets on a wide range of betting options. For instance, you can wager on who you think would be the winner of an event, the top three podium positions, or prop bets such as lap and pole positions. The same options can also be ideal when betting on Nitrocross competitions.
Professional bull riding, or PBR, is an exciting sport to watch and bet on. However, you should be familiar with the main terminology used in PBR for you to make well-reasoned bets. Some common bets you should consider when betting in PBR include ride score, bull score, or qualified ride for bull riders who stay on the bull without falling off.
Power Slap betting has grown in popularity just as the UFC sport has. You can place a wide range of bets when it comes to Power Slap. The most popular betting options include choosing the overall winner of the match and selecting the possible winner of a head-to-head match-up. You can also place proper bets on TKO and KO to enjoy an even more elaborate Power Slap betting experience.
Skateboarding competitions have become increasingly popular, especially after its inclusion in the Summer Olympics. Betting on action sports, such as skateboarding, differs from many other sports because final winners are not usually bet upon. The most common bets when it comes to skateboarding are prop bets on the performance of different skaters and the tricks they are likely to land. The same goes for other action sports like the SuperMotorcross.
With surfing competitions, the options for betting are often limited to the winner of the competition, the top three positions, and the performance of two surfers when compared to each other. Prop bets in surfing are not that common since the sport is not as widespread as most of the others. But these bets can be included as the sport continues to gain popularity.
Golf fans can bet on the World Long Drive on different levels, starting from the Open and Masters to the Women’s events. Golfing competitions often have their own special scoring systems. You can bet on options from who will win the whole competition to the fastest time for a particular golfer.
The Legal Landscape of Sports Betting in Arizona
Arizona Sports Betting Background and Legalization Timeline
The legalization of sports betting in Arizona was a long and winding process. It began with different bills brought before the state legislature and was signed into law in April 2021 by Governor Ducey. The law was to take effect in September of the same year when the NFL season began. The law legalized sports betting and created a licensing system where sportsbooks and betting platforms in the US had 20 licenses to compete for. Ten were up for grabs for regular companies, while ten were limited to tribal casinos. Of these 20 licenses, 17 have been issued to different betting companies. Three are still open for applications. However, only 16 licenses are operational after WynnBET recently decided to unwind betting in AZ.
In Arizona, you must be at least 21 to engage in legal sports betting. The state places restrictions against betting for people who are directly involved in sports. For instance, if you are a coach, manager, or player in a particular game, you are not allowed to place a bet in that sport. People who are also likely to get confidential information by virtue of their position in professional sports teams or leagues are prohibited from placing bets in those leagues.
What You Can Legally Bet on in Arizona
The Arizona sports betting law allows betting on all types of sports that are played within the state. That includes the most popular sports leagues like the NBA and the NFL to obscure sports like power slapping. However, for you to place a permitted bet in Arizona, you need to be within the state lines. Otherwise, your bet would not be covered under the laws that protect bettors within the region. Similarly, you should only place a bet with a licensed sportsbook.
What You Cannot Legally Bet on in Arizona
While the AZ sports betting laws allow for a wide range of betting activities, there are some off-limit bets in Arizona you should take note of. For starters, you cannot place a prop bet on college games that target the team or individual athletes. You are also not allowed to wager on high school games. Making illegal bets in Arizona attracts hefty fines and could even expose you to the likelihood of imprisonment. You should be careful when placing sports bets to avoid conflicts with the law.
Benefits of Legal Betting in Arizona
Legal betting benefits many people within Arizona. Some of the advantages of Arizona betting include:
You enjoy the peace of mind that comes with knowing that your gambling is protected by the law.
Legal betting guarantees that in case you have any conflict with your sportsbook, you can approach the courts for protection or the enforcement of your rights.
Watching a sports game live as you place a bet allows you to be an active participant in the game and have a lot of fun while at it.
Responsible Gambling and Betting
Gambling and betting on sports can be a very addictive activity. That is why you should develop safe betting practices to protect yourself from the likelihood of experiencing some problems with AZ sports betting.
Arizona’s gambling responsibility involves a collaborative effort between gamblers, sportsbooks, and the government. You are allowed to place yourself on a list that excludes you from gambling activity voluntarily. That means that betting companies are not allowed to advertise to you or grant you a betting account as long as you are on the list. If you realize that you have a problem with gambling addiction, then you should consider reaching out to a gambling therapist provider to help you overcome your challenges.
The Impact of Sports Betting on Arizona's Economy
The rise of sports betting in Arizona has had a significant economic impact on the state. Since its legalization in 2021, AZ sports betting has attracted over $11 billion in wagers, with over $3 billion being placed in the first six months of 2023. These financial benefits have increased job opportunities for Arizona locals in the three years since its legalization. The state also enjoys extensive tax revenue from bettors. For instance, online wagers are taxed at 10%, while retail wagers are taxed at 8%.
The state also generates high revenue from license applications. Any company looking to apply for a license for AZ sports betting has to pay $100,000. Once the company receives a license approval, it needs to pay $750,000 for the initial license and $150,000 every year for a license renewal.
The local communities in Arizona have also been included. As we had mentioned before, ten of the licenses for sports betting in Arizona were reserved for local tribal casinos. That generates high revenue for these local communities.
Betting Strategies and Tips for Arizona Punters
While betting can be a fun activity, you should also consider it as an investment. This mindset will help you approach your bets using the best strategies you can find.
Betting involves a combination of odds analysis for every game and bankroll management to know how you can save your money. But there are also some different types of tips you can explore to optimize the likelihood of you making some money as you bet.
Experts in AZ sports betting will advise you to always work within your strengths when it comes to betting. That means you should only bet on games you are well versed in or have researched in depth. If you enjoy Formula One races and are familiar with the track where the Grand Prix is happening, then you should bet on such races. Always avoid betting on games or sports you are unfamiliar with.
You should also explore different books to increase your likelihood of getting the best odds and taking advantage of betting promos and offers. Sports pundits often claim to have winning tips for every game. But that doesn’t mean that their betting advice is always accurate. You should learn to do your own research before placing a bet. After all, is it not your money?
Understanding Odds and Betting Lines
Learning betting terminology is the best way to take advantage of any betting opportunity that comes your way.
Odds And Odds Calculations
The first concept you should know when it comes to AZ sports betting is odds and odds calculations. In ordinary English, odds are the likelihood of an event happening. In sports betting, odds are the likelihood of you winning a particular outcome in a game.
Most times, your sportsbook will determine for you what the odds are for a sporting event. Then, they will post them on their website if you are engaging in online betting. In AZ sports betting, the odds are either indicated using the American odds style or the decimal odds style.
In the American odds style, the odds are indicated as either positive or negative figures. If you see an odds listing for the Arizona Cardinals as +180, that means that for every stake of $100, you win $180. On the other hand, a listing of -210 means that you will have to stake $210 to win a profit of $100. This listing is common with moneyline bets, which we mentioned earlier.
Decimal odds work differently. When calculating your possible payout for a bet, you multiply the odds with your stake. For example, a bet of $20 that Lewis Hamilton will win the next tour of the Formula One Grand Prix at decimal odds of 4.0 will win a payout of $80 if Lewis Hamilton does win.
Over/Under
You should also learn about the Over/Under bet. In Over/Under, you stake a certain amount of money not on the outcome of the competition but on the points scored in a game. For instance, if you are wagering in a competition like Formula Drift, you can place a bet on the total style points won in the competition. In an Over/Under bet, you can stake $50 on an OVER 400.5 bet if you feel that the total points will exceed 400.5.
Points Spread
Another type of bet you should be familiar with is the points spread or the spread. This type of bet is often quite popular since many people consider it a safe type of bet to wager on. The points spread in any sporting event works with the assumption that in any competition, there is an underdog and a favorite. The underdog is the team with the least likelihood of success, while the favorite is the team with the highest chance of winning based on skills, experience, and the current performance of the team that season.
Points spread are always listed as positive numbers for the underdog and negative numbers for the favorite. In a power slap competition, if player X has an odds listing for +3 and Y at -8, it means that Y is the favorite and X is the underdog. If you bet on Y, you will win the bet if Y wins the game by over 8.5. That means that 9 points and above will generate a win. On the other hand, if you bet on X, then X can either win the game or lose by 2 points or less to get you a win. Otherwise, you lose the bet.
At times, the score might end at exactly 8-point win for Y. This is known as a push. Your bet will be refunded since the spread is equal to the margin of victory.
Line Movement
During a typical betting session, the odds of a bet are likely to change until they are closed. These changes are called line movements. Let’s use the example of X vs Y in the power slap competition once again. The listing for Y might have started at -5 when the match was first posted up and closed at -7 right before the game began, and the odds were closed. The changes in line movement can be very informative for a seasoned sports bettor.
When the spread increases for the favorite, it often means that many people are betting on the favorite. That means that the sportsbook has to increase the spread to manage risk and essentially make the bet difficult for these bettors. You can think of this to mean that a significant portion of the betting world is confident of the likelihood of Y winning. That can help you feel more confident in your betting decision.
The line movement can also occur because of significant news. For example, if it comes up that there are roster changes or injuries that can affect the likelihood of the underdog winning, the sportsbook can also increase the spread in favor of the favorite. That can help you decide when to place your bet.
Bankroll Management and Staking Plans
As you probably know, betting is a risky endeavor. When you bet on a sports game, there is a chance that you might lose the bet, regardless of how careful you were when placing your bet. You should manage your money to avoid making very high losses. That is where bankroll management comes into play.
Bankroll management is the strategy every bettor uses to ensure that they only lose the amount they are comfortable losing. In sports betting, money management is a critical component of responsible betting. The best way to think about managing your money when betting is by creating a betting budget. Generally, you should only spend on betting the amount of money you would ordinarily spend on any entertainment activity. When you exceed your budget, you should stop betting until you can replenish these funds.
You should also know how to manage your betting budget for every bet you make. You don’t want to blow your entire betting account on a single bet. The best way to look at it is placing a bet of around 2% for bets you are not confident with and only going up to 5% if you are completely confident in the possible outcome of the game.
Following these bankroll strategies is not just for saving money on betting. It also helps to create discipline in a way that will allow you to have fun while betting without having your betting escalate into a stressful experience!
Technological Advancements in Sports Betting
While sports betting is relatively new in Arizona, betting has been a common practice in the state for a long time. In the past, most betting happened in the physical location of the competition. This was common for card games and slot machines. As technology and innovations in the gambling industry have developed, they have led to enhanced technological advancement in the sports betting sector.
Technology in AZ sports betting works in numerous ways to enhance the user experience of any sports bettor. For example, you can use online betting options to place bets on games you are watching from home. There are two options when it comes to online betting: using the betting website or using the mobile apps offered by the betting site. Mobile sports betting platforms are often quite popular since you can use them to place a bet wherever you are as long as you have your phone and a steady internet connection. But you should remember that you have to be within Arizona state lines for you to make such a bet.
How to Pick the Best AZ Sports Betting Site
As the AZ sports betting world continues to grow, many betting sites have started to enter the market to capitalize on the growing business opportunity. You should know how to choose the best betting site to make the most out of your betting experience.
Most punters consider the following aspects when choosing a betting site:
The betting site should have a variety of sportsbooks to choose from. This increases the odds (pun intended) of you getting access to a wide range of quality betting products.
The betting site should consistently offer competitive odds when you compare it with others. Some betting sites tend to set lower odds to increase their commission and earning possibilities. You should avoid such betting sites.
You can consider betting sites that have the best campaigns, promos, and bonuses. These offers will give you a better chance of making money.
The best betting sites have a great reputation and user experience. That is why you should look at the mobile apps, websites, and betting platforms to be sure the site works for you.
Top 4 Betting Apps in Arizona that Partner with NXTBets
Choosing a betting app that matches your needs can feel like a difficult task, considering the large number of options at your disposal. We have narrowed these many options to the best four to help you in your search.
1. Betfred
The first betting app you should consider among the best Arizona sports betting sites is the UK-based BetFred Sportsbook. The BetFred app was launched in Arizona around March 2022 and has been offering customers many exceptional features since then. As a new user, you can enjoy many offers from the BetFred mobile betting app, including bonuses of up to $1,111. The platform also offers a great app, which has been rated at 3.9 on the Apple App Store and 3.7 on the Android Play Store.
2. Unibet
You can also consider the Unibet Sportsbook App if you are interested in a little flair in your betting experience. The Unibet betting options at your disposal range from moneyline bets to the alluring live bet option for sporting activities. The platform offers you a $100 betting offer for your first bet, which increases your chances of having an excellent betting experience. While the iOS app is rated at 2.9, the Android app is at 3.7. That shows you that the app has promise for the future.
3. PointsBet
PointsBet is an Australian betting site that has recently become quite popular in the AZ sports betting world. One of the most interesting things when it comes to Pointsbet is the wide range of betting options you can stake on when using the Pointsbet mobile app. The platform offers many unique betting categories, including the points betting option. Points betting ideally involves staking a certain amount of money per point in a point spread wager. So, if you place a $100 bet for a -6 point spread, you win $100 for every point the bet goes in your favor up to the capped amount. This sports bet is highly rewarding and highly risky all the same. Be sure to check the Pointsbet betting guide to familiarize yourself with the betting world.
4. Draft Kings
The last betting app you can consider is DraftKings Sportsbook. If you are a regular bettor of fantasy sports, then you probably know about this platform. However, the site has recently transitioned into the booming world of AZ sports betting. The main thrill of betting with DraftsKing is their exciting mobile app, which is rated at 4.9 on the Apple Appstore and 4.7 on the Android Playstore. Even better, the platform offers up to $1,000 in sign-up bonuses and a regular bonus bet now and then. While some customers might state that the website might have an overwhelming interface, they have made up for it with excellent customer support and a mobile app.
What Makes Arizona Online Sports Betting Different From Other Markets?
Arizona online sports betting has experienced exceptional growth in the past few years since its legalization. This begs the question of why Arizona online sports betting has thrived as much as it has when compared to other betting markets.
For starters, Arizona online sportsbooks are engaging to the sports fans. The betting platforms give fans many options and sports to choose from. As a result, the fans feel invested in the outcomes of the games to the extent that they can devote their time to these competitions.
Bettors enjoy a lot of protection from the government in case they enter into a conflict with the Arizona sportsbooks. With this protection, any bettor can feel confident knowing that if any sportsbook tries to pull a fast one on them, they can enjoy the protection offered by regulatory authorities. This convenience has helped propel the sportsbook industry in Arizona even higher!
The tax revenue generated from sports betting in Arizona also makes the betting quite different from other states. Since betting was legalized, the state has generated a lot of income from gambling. That gives the market a win-win situation for all stakeholders, including the sportsbooks, bettors, and the government.
The Future of Arizona Sports Betting
Sports betting in Arizona has its whole future ahead of it. As sports bettors, you definitely enjoy predicting the future of any event. So, let’s break down the future trend and the growth potential sports betting in Arizona might have to offer.
The future of sports betting in Arizona can be characterized by an overlap between regulatory changes that can help the industry expand and a market evolution characterized by emerging technologies for companies that offer sports betting. These technologies and changes might create immense opportunities for sports bettors and investors in the sector altogether. However, they can also result in some challenges if not addressed effectively. Let’s first talk about these challenges.
Potential Challenges and Regulatory Updates
While it is certainly an exciting thing, the legalization of sports betting in Arizona has created a new platform for competition among sportsbooks. There are only 20 licenses up for grabs, with an unlimited number of licensees competing for them. Since 17 have already been issued, only three are available for application. That means that entrepreneurs need to up their game to get a sports betting license. Will the state update legislation to expand the number of licenses due to growing demand? We will have to wait for any sports betting legislation updates.
Sports betting and gambling, in general, have been subjected to numerous criticisms from a moral standpoint. As a result, investors and entrepreneurs need to figure out a way of exploring these industry hurdles in a way that balances the interests of pundits and society at large.
The interests of consumers and bettors have also attracted the attention of regulators. As time goes by, the state may have to put in stricter government oversight to protect the public and maintain fair practices. The state might put up stricter age verification protocols and betting restrictions to reduce illegal betting in the state. That might mean an increase in the likelihood of sportsbooks getting fined for compliance issues.
Opportunities for Investors and Entrepreneurs
The challenges we have pointed out might feel a little hectic for investors and entrepreneurs, but there is still a silver lining for businesses looking for investment prospects. One possible opportunity for startups is the area of e-sports betting and virtual sports. You can leverage technology to create the best online betting platform, provided you have solid market entry strategies. Remember, you have many competitors on your side. Another platform for great business opportunities in sports betting is affiliate marketing for betting platforms. You can set yourself up to become a marketer and help sportsbooks spread the word about the offers they provide and the excitement of sports betting in Arizona.
Conclusion
Sports betting in Arizona is still in its early stages. There are still numerous opportunities for growth and opportunities to make money, whether you are an investor, sportsbook, or punter. The Arizona gambling outlook shows some promise for all stakeholders as the future of AZ sports betting continues to take shape. So, what are you waiting for? Now is the best time to get on sports betting!
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Sports betting in Arizona is limited to people over 21 years old. Sportsbooks should put up measures to ensure that all the bettors on their platforms meet this minimum age requirement.
While the laws in Arizona allow for a wide range of options when it comes to sports betting, there are still some restrictions you should take note of. For instance, people who work in different teams or have access to privileged information on team performance are prohibited from betting. Otherwise, you can place a sports bet on whichever sport you are interested in exploring.
The IRS tax winnings for sports bets in Arizona depends on the type of bet made. If you place a mobile or online bet, the tax will be 10% of your winnings. Retail sports betting, on the other hand, is taxed at 8%. You should be careful to pay your betting taxes to avoid conflicts with the law.
Yes, there are many bonuses you can explore as a new bettor in Arizona. These bonuses depend on the sportsbook you are interested in and are regularly updated. You should always research the bonuses and promotions provided by betting platforms to get the best deals.
Please refer to Affiliated Operators’ T&C. Void where prohibited. Gambling problem? Call 1-800-GAMBLER.
Unlocking the Excitement of Arizona Sports Betting
Table of Contents
Arizona is known worldwide as the land of the Grand Canyons. But there’s a new sight in town that has captured the Arizona market by storm. We are talking about the legalization of sports betting in Arizona and the exceptional buzz it has created. Since the legalization of AZ sports betting in 2021, the best sportsbooks in the country, and certainly worldwide, have entered the Arizona market with different offers, promo codes, and deals.
If you want to explore AZ’s betting excitement, you have come to the right place. Our discussion covers everything you need to know about sports betting in Arizona! But first, let’s cover a little background on the history of sports betting in the Grand Canyon State.
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History of Sports Betting in Arizona
Arizona’s gambling history traces its roots from the various bills before the state legislature in 2019 to its current state as a multi-million dollar industry in 2023. While there have been numerous attempts over the years to legalize sports betting in Arizona, the most elaborate bills in the state were introduced by Sen. Sonny Borrelli and Rep. Steve Pierce in 2019. The laws proposed faced numerous impediments and resistance, but finally, Governor Ducey signed the law that made online sports betting legal in Arizona in April 2021. Interestingly, the signing of the sports betting bill coincided with the start of the NFL season in 2021.
Sports gambling in Arizona has become a highly lucrative activity for many gamblers in the state. It’s no surprise that the AZ sportsbooks reported over $1.75 billion in wagers and bets a paltry four months after the legalization of sports betting in the state.
Markets and Types of Bets in Arizona
The 2021 law in Arizona provided for different types of betting options for any interested punter. The betting options in Arizona start from the regular money line bets and props bets to the more sophisticated and elaborate parlay odds. Let’s start with money-line betting.
A money line bet allows you to wager a certain amount of money to predict the winner of the match. Generally, money line odds are listed using the American format. For instance, a bet that is listed as a negative (-150) for the favorites would mean that you would have to bet $150 for you to win a profit of $100. On the other hand, a positive (+)150 money line listing for the underdog gives a profit of $150 for every $100 you bet in favor of the underdog.
Another type of bet you can expect in Arizona is the point spreads option. The point spreads option allows you to stick a certain amount of money on the margin of victory or the difference between the points two Arizona pro sports teams score in a game. Point spread betting is ideal in all kinds of team sports, such as the NBA, the NFL, or the MLS.
If you are not sure about the outcome of the game but are interested in wagering on the totals of a game, then you can predict the combined score for the teams using a totals option. This type of bet is often called the Over/Under, where you predict whether the total score will go over or under a particular margin.
Seasoned Arizona sports bettors can also wager on proposition bets or props. A proposition bet allows you to wager on specific events in the game that are not dependent on the score. You can bet on a wide range of options, such as who will hit the number of home runs in an Arizona Diamondbacks baseball game and the first team to score a touchdown in a football game. Really, your options are limitless when it comes to props.
Aside from real-life games, Arizona betting options also provide for virtual betting over virtual games. All you would need to do is set up an account with a licensed betting platform, and you will be good to go.
Live In-Game Betting on Arizona Betting Apps
In-game wagering has become an increasingly popular option for people who enjoy sports betting. Generally, in-game or live betting involves making a wager as the game progresses. Live betting in Arizona allows you to wage on the different options we have discussed above, depending on the progress of the game. For most gamblers, live betting is a lucrative option since it allows you to make real-time bets based on the outcomes of the game as it progresses. Gone are the days when you would have to place a bet before the game and wait for the game to end so that you could know the outcome of your wager!
When placing a live bet, there are certain strategies you should explore. For starters, you should remember that live odds are always changing. The odds of any outcome of a bet will depend on the activities going on at that particular moment. That means you should be quick to place your bets the moment you realize there’s a chance of you winning. If you are too slow, the odds might reduce, and so will your possible win. You should also learn to make split-second decisions when it comes to in-game wagering. A small decision can be the difference between a plus and a minus on your bet! But don’t forget to enjoy yourself. Live betting is a great way to be part of the play-by-play action as it happens.
How to Deposit and Cash Out at Arizona Betting
The main reason you’re probably exploring sports betting in AZ is to make a buck or two. If you want to make some money in betting, then you need to first deposit your money into the platform, wager an amount on the outcome of the game, and then withdraw your winnings. Let’s first talk about how you can deposit money into Arizona betting platforms.
The deposit process for AZ sports betting is often straightforward. You will have chosen your preferred platform or sportsbook. Following their direction, you will need to deposit some funds before you can place a bet. Some common deposit options include bank transfers, PayPal accounts, or crypto accounts. The sportsbook you choose will have step-by-step instructions on how to transfer funds into your account.
The process of cashing out your winnings after a wager often depends on the betting platform you choose. However, most Arizona betting transactions follow the same format. You will first have to log into your betting account and navigate to the withdrawal page. Then, you need to select your preferred payment methods from the cashout options on the sportsbook platform. When you are sure that you have selected the right method, you should then enter the amount you want to withdraw from the betting platform and submit your withdrawal request.
If you want to have secure transactions when depositing or cashing out from AZ sportsbooks, you need to be careful about the entire transaction process. For starters, always use secure links when transferring funds from your account to the betting platform. A good way of identifying a secure link is by looking for the HTTPS tag. You should also consider using a secure and unique password for all your online payment platforms. Finally, only use legal online Arizona betting sites to avoid falling prey to unscrupulous people online.
Most Popular Sports to Wager on in Arizona Betting
Since its legalization in 2021, betting on popular sports in Arizona has increased immensely. Some of the Arizona sports betting favorites include:
As the Formula One season rages on, there are many types of bets you can explore to have fun when betting on races. In Formula One races, some of the best options to explore when betting include the money line for the winner of the race and the top six finishes. Remember to keep tabs on the races as they progress through the different Grand Prix every weekend.
Drifting spots such as the Formula Drift are exciting sports to bet on. In Formula Drift, you can consider betting on different Formula Drift events, including the winner of the competition, the winner of a head-to-head match-up, and more. You can even place a propositional bet on aspects such as style score, whether a driver will make contact with a competitor, or even the fastest lap times. Your options are limitless.
For MotoGP betting, you can consider placing bets on a wide range of betting options. For instance, you can wager on who you think would be the winner of an event, the top three podium positions, or prop bets such as lap and pole positions. The same options can also be ideal when betting on Nitrocross competitions.
Professional bull riding, or PBR, is an exciting sport to watch and bet on. However, you should be familiar with the main terminology used in PBR for you to make well-reasoned bets. Some common bets you should consider when betting in PBR include ride score, bull score, or qualified ride for bull riders who stay on the bull without falling off.
Power Slap betting has grown in popularity just as the UFC sport has. You can place a wide range of bets when it comes to Power Slap. The most popular betting options include choosing the overall winner of the match and selecting the possible winner of a head-to-head match-up. You can also place proper bets on TKO and KO to enjoy an even more elaborate Power Slap betting experience.
Skateboarding competitions have become increasingly popular, especially after its inclusion in the Summer Olympics. Betting on action sports, such as skateboarding, differs from many other sports because final winners are not usually bet upon. The most common bets when it comes to skateboarding are prop bets on the performance of different skaters and the tricks they are likely to land. The same goes for other action sports like the SuperMotorcross.
With surfing competitions, the options for betting are often limited to the winner of the competition, the top three positions, and the performance of two surfers when compared to each other. Prop bets in surfing are not that common since the sport is not as widespread as most of the others. But these bets can be included as the sport continues to gain popularity.
Golf fans can bet on the World Long Drive on different levels, starting from the Open and Masters to the Women’s events. Golfing competitions often have their own special scoring systems. You can bet on options from who will win the whole competition to the fastest time for a particular golfer.
The Legal Landscape of Sports Betting in Arizona
Arizona Sports Betting Background and Legalization Timeline
The legalization of sports betting in Arizona was a long and winding process. It began with different bills brought before the state legislature and was signed into law in April 2021 by Governor Ducey. The law was to take effect in September of the same year when the NFL season began. The law legalized sports betting and created a licensing system where sportsbooks and betting platforms in the US had 20 licenses to compete for. Ten were up for grabs for regular companies, while ten were limited to tribal casinos. Of these 20 licenses, 17 have been issued to different betting companies. Three are still open for applications. However, only 16 licenses are operational after WynnBET recently decided to unwind betting in AZ.
In Arizona, you must be at least 21 to engage in legal sports betting. The state places restrictions against betting for people who are directly involved in sports. For instance, if you are a coach, manager, or player in a particular game, you are not allowed to place a bet in that sport. People who are also likely to get confidential information by virtue of their position in professional sports teams or leagues are prohibited from placing bets in those leagues.
What You Can Legally Bet on in Arizona
The Arizona sports betting law allows betting on all types of sports that are played within the state. That includes the most popular sports leagues like the NBA and the NFL to obscure sports like power slapping. However, for you to place a permitted bet in Arizona, you need to be within the state lines. Otherwise, your bet would not be covered under the laws that protect bettors within the region. Similarly, you should only place a bet with a licensed sportsbook.
What You Cannot Legally Bet on in Arizona
While the AZ sports betting laws allow for a wide range of betting activities, there are some off-limit bets in Arizona you should take note of. For starters, you cannot place a prop bet on college games that target the team or individual athletes. You are also not allowed to wager on high school games. Making illegal bets in Arizona attracts hefty fines and could even expose you to the likelihood of imprisonment. You should be careful when placing sports bets to avoid conflicts with the law.
Benefits of Legal Betting in Arizona
Legal betting benefits many people within Arizona. Some of the advantages of Arizona betting include:
Responsible Gambling and Betting
Gambling and betting on sports can be a very addictive activity. That is why you should develop safe betting practices to protect yourself from the likelihood of experiencing some problems with AZ sports betting.
Arizona’s gambling responsibility involves a collaborative effort between gamblers, sportsbooks, and the government. You are allowed to place yourself on a list that excludes you from gambling activity voluntarily. That means that betting companies are not allowed to advertise to you or grant you a betting account as long as you are on the list. If you realize that you have a problem with gambling addiction, then you should consider reaching out to a gambling therapist provider to help you overcome your challenges.
The Impact of Sports Betting on Arizona's Economy
The rise of sports betting in Arizona has had a significant economic impact on the state. Since its legalization in 2021, AZ sports betting has attracted over $11 billion in wagers, with over $3 billion being placed in the first six months of 2023. These financial benefits have increased job opportunities for Arizona locals in the three years since its legalization. The state also enjoys extensive tax revenue from bettors. For instance, online wagers are taxed at 10%, while retail wagers are taxed at 8%.
The state also generates high revenue from license applications. Any company looking to apply for a license for AZ sports betting has to pay $100,000. Once the company receives a license approval, it needs to pay $750,000 for the initial license and $150,000 every year for a license renewal.
The local communities in Arizona have also been included. As we had mentioned before, ten of the licenses for sports betting in Arizona were reserved for local tribal casinos. That generates high revenue for these local communities.
Betting Strategies and Tips for Arizona Punters
While betting can be a fun activity, you should also consider it as an investment. This mindset will help you approach your bets using the best strategies you can find.
Betting involves a combination of odds analysis for every game and bankroll management to know how you can save your money. But there are also some different types of tips you can explore to optimize the likelihood of you making some money as you bet.
Experts in AZ sports betting will advise you to always work within your strengths when it comes to betting. That means you should only bet on games you are well versed in or have researched in depth. If you enjoy Formula One races and are familiar with the track where the Grand Prix is happening, then you should bet on such races. Always avoid betting on games or sports you are unfamiliar with.
You should also explore different books to increase your likelihood of getting the best odds and taking advantage of betting promos and offers. Sports pundits often claim to have winning tips for every game. But that doesn’t mean that their betting advice is always accurate. You should learn to do your own research before placing a bet. After all, is it not your money?
Understanding Odds and Betting Lines
Learning betting terminology is the best way to take advantage of any betting opportunity that comes your way.
Odds And Odds Calculations
The first concept you should know when it comes to AZ sports betting is odds and odds calculations. In ordinary English, odds are the likelihood of an event happening. In sports betting, odds are the likelihood of you winning a particular outcome in a game.
Most times, your sportsbook will determine for you what the odds are for a sporting event. Then, they will post them on their website if you are engaging in online betting. In AZ sports betting, the odds are either indicated using the American odds style or the decimal odds style.
In the American odds style, the odds are indicated as either positive or negative figures. If you see an odds listing for the Arizona Cardinals as +180, that means that for every stake of $100, you win $180. On the other hand, a listing of -210 means that you will have to stake $210 to win a profit of $100. This listing is common with moneyline bets, which we mentioned earlier.
Decimal odds work differently. When calculating your possible payout for a bet, you multiply the odds with your stake. For example, a bet of $20 that Lewis Hamilton will win the next tour of the Formula One Grand Prix at decimal odds of 4.0 will win a payout of $80 if Lewis Hamilton does win.
Over/Under
You should also learn about the Over/Under bet. In Over/Under, you stake a certain amount of money not on the outcome of the competition but on the points scored in a game. For instance, if you are wagering in a competition like Formula Drift, you can place a bet on the total style points won in the competition. In an Over/Under bet, you can stake $50 on an OVER 400.5 bet if you feel that the total points will exceed 400.5.
Points Spread
Another type of bet you should be familiar with is the points spread or the spread. This type of bet is often quite popular since many people consider it a safe type of bet to wager on. The points spread in any sporting event works with the assumption that in any competition, there is an underdog and a favorite. The underdog is the team with the least likelihood of success, while the favorite is the team with the highest chance of winning based on skills, experience, and the current performance of the team that season.
Points spread are always listed as positive numbers for the underdog and negative numbers for the favorite. In a power slap competition, if player X has an odds listing for +3 and Y at -8, it means that Y is the favorite and X is the underdog. If you bet on Y, you will win the bet if Y wins the game by over 8.5. That means that 9 points and above will generate a win. On the other hand, if you bet on X, then X can either win the game or lose by 2 points or less to get you a win. Otherwise, you lose the bet.
At times, the score might end at exactly 8-point win for Y. This is known as a push. Your bet will be refunded since the spread is equal to the margin of victory.
Line Movement
During a typical betting session, the odds of a bet are likely to change until they are closed. These changes are called line movements. Let’s use the example of X vs Y in the power slap competition once again. The listing for Y might have started at -5 when the match was first posted up and closed at -7 right before the game began, and the odds were closed. The changes in line movement can be very informative for a seasoned sports bettor.
When the spread increases for the favorite, it often means that many people are betting on the favorite. That means that the sportsbook has to increase the spread to manage risk and essentially make the bet difficult for these bettors. You can think of this to mean that a significant portion of the betting world is confident of the likelihood of Y winning. That can help you feel more confident in your betting decision.
The line movement can also occur because of significant news. For example, if it comes up that there are roster changes or injuries that can affect the likelihood of the underdog winning, the sportsbook can also increase the spread in favor of the favorite. That can help you decide when to place your bet.
Bankroll Management and Staking Plans
As you probably know, betting is a risky endeavor. When you bet on a sports game, there is a chance that you might lose the bet, regardless of how careful you were when placing your bet. You should manage your money to avoid making very high losses. That is where bankroll management comes into play.
Bankroll management is the strategy every bettor uses to ensure that they only lose the amount they are comfortable losing. In sports betting, money management is a critical component of responsible betting. The best way to think about managing your money when betting is by creating a betting budget. Generally, you should only spend on betting the amount of money you would ordinarily spend on any entertainment activity. When you exceed your budget, you should stop betting until you can replenish these funds.
You should also know how to manage your betting budget for every bet you make. You don’t want to blow your entire betting account on a single bet. The best way to look at it is placing a bet of around 2% for bets you are not confident with and only going up to 5% if you are completely confident in the possible outcome of the game.
Following these bankroll strategies is not just for saving money on betting. It also helps to create discipline in a way that will allow you to have fun while betting without having your betting escalate into a stressful experience!
Technological Advancements in Sports Betting
While sports betting is relatively new in Arizona, betting has been a common practice in the state for a long time. In the past, most betting happened in the physical location of the competition. This was common for card games and slot machines. As technology and innovations in the gambling industry have developed, they have led to enhanced technological advancement in the sports betting sector.
Technology in AZ sports betting works in numerous ways to enhance the user experience of any sports bettor. For example, you can use online betting options to place bets on games you are watching from home. There are two options when it comes to online betting: using the betting website or using the mobile apps offered by the betting site. Mobile sports betting platforms are often quite popular since you can use them to place a bet wherever you are as long as you have your phone and a steady internet connection. But you should remember that you have to be within Arizona state lines for you to make such a bet.
How to Pick the Best AZ Sports Betting Site
As the AZ sports betting world continues to grow, many betting sites have started to enter the market to capitalize on the growing business opportunity. You should know how to choose the best betting site to make the most out of your betting experience.
Most punters consider the following aspects when choosing a betting site:
Top 4 Betting Apps in Arizona that Partner with NXTBets
Choosing a betting app that matches your needs can feel like a difficult task, considering the large number of options at your disposal. We have narrowed these many options to the best four to help you in your search.
1. Betfred
The first betting app you should consider among the best Arizona sports betting sites is the UK-based BetFred Sportsbook. The BetFred app was launched in Arizona around March 2022 and has been offering customers many exceptional features since then. As a new user, you can enjoy many offers from the BetFred mobile betting app, including bonuses of up to $1,111. The platform also offers a great app, which has been rated at 3.9 on the Apple App Store and 3.7 on the Android Play Store.
2. Unibet
You can also consider the Unibet Sportsbook App if you are interested in a little flair in your betting experience. The Unibet betting options at your disposal range from moneyline bets to the alluring live bet option for sporting activities. The platform offers you a $100 betting offer for your first bet, which increases your chances of having an excellent betting experience. While the iOS app is rated at 2.9, the Android app is at 3.7. That shows you that the app has promise for the future.
3. PointsBet
PointsBet is an Australian betting site that has recently become quite popular in the AZ sports betting world. One of the most interesting things when it comes to Pointsbet is the wide range of betting options you can stake on when using the Pointsbet mobile app. The platform offers many unique betting categories, including the points betting option. Points betting ideally involves staking a certain amount of money per point in a point spread wager. So, if you place a $100 bet for a -6 point spread, you win $100 for every point the bet goes in your favor up to the capped amount. This sports bet is highly rewarding and highly risky all the same. Be sure to check the Pointsbet betting guide to familiarize yourself with the betting world.
4. Draft Kings
The last betting app you can consider is DraftKings Sportsbook. If you are a regular bettor of fantasy sports, then you probably know about this platform. However, the site has recently transitioned into the booming world of AZ sports betting. The main thrill of betting with DraftsKing is their exciting mobile app, which is rated at 4.9 on the Apple Appstore and 4.7 on the Android Playstore. Even better, the platform offers up to $1,000 in sign-up bonuses and a regular bonus bet now and then. While some customers might state that the website might have an overwhelming interface, they have made up for it with excellent customer support and a mobile app.
What Makes Arizona Online Sports Betting Different From Other Markets?
Arizona online sports betting has experienced exceptional growth in the past few years since its legalization. This begs the question of why Arizona online sports betting has thrived as much as it has when compared to other betting markets.
For starters, Arizona online sportsbooks are engaging to the sports fans. The betting platforms give fans many options and sports to choose from. As a result, the fans feel invested in the outcomes of the games to the extent that they can devote their time to these competitions.
Bettors enjoy a lot of protection from the government in case they enter into a conflict with the Arizona sportsbooks. With this protection, any bettor can feel confident knowing that if any sportsbook tries to pull a fast one on them, they can enjoy the protection offered by regulatory authorities. This convenience has helped propel the sportsbook industry in Arizona even higher!
The tax revenue generated from sports betting in Arizona also makes the betting quite different from other states. Since betting was legalized, the state has generated a lot of income from gambling. That gives the market a win-win situation for all stakeholders, including the sportsbooks, bettors, and the government.
The Future of Arizona Sports Betting
Sports betting in Arizona has its whole future ahead of it. As sports bettors, you definitely enjoy predicting the future of any event. So, let’s break down the future trend and the growth potential sports betting in Arizona might have to offer.
The future of sports betting in Arizona can be characterized by an overlap between regulatory changes that can help the industry expand and a market evolution characterized by emerging technologies for companies that offer sports betting. These technologies and changes might create immense opportunities for sports bettors and investors in the sector altogether. However, they can also result in some challenges if not addressed effectively. Let’s first talk about these challenges.
Potential Challenges and Regulatory Updates
While it is certainly an exciting thing, the legalization of sports betting in Arizona has created a new platform for competition among sportsbooks. There are only 20 licenses up for grabs, with an unlimited number of licensees competing for them. Since 17 have already been issued, only three are available for application. That means that entrepreneurs need to up their game to get a sports betting license. Will the state update legislation to expand the number of licenses due to growing demand? We will have to wait for any sports betting legislation updates.
Sports betting and gambling, in general, have been subjected to numerous criticisms from a moral standpoint. As a result, investors and entrepreneurs need to figure out a way of exploring these industry hurdles in a way that balances the interests of pundits and society at large.
The interests of consumers and bettors have also attracted the attention of regulators. As time goes by, the state may have to put in stricter government oversight to protect the public and maintain fair practices. The state might put up stricter age verification protocols and betting restrictions to reduce illegal betting in the state. That might mean an increase in the likelihood of sportsbooks getting fined for compliance issues.
Opportunities for Investors and Entrepreneurs
The challenges we have pointed out might feel a little hectic for investors and entrepreneurs, but there is still a silver lining for businesses looking for investment prospects. One possible opportunity for startups is the area of e-sports betting and virtual sports. You can leverage technology to create the best online betting platform, provided you have solid market entry strategies. Remember, you have many competitors on your side. Another platform for great business opportunities in sports betting is affiliate marketing for betting platforms. You can set yourself up to become a marketer and help sportsbooks spread the word about the offers they provide and the excitement of sports betting in Arizona.
Conclusion
Sports betting in Arizona is still in its early stages. There are still numerous opportunities for growth and opportunities to make money, whether you are an investor, sportsbook, or punter. The Arizona gambling outlook shows some promise for all stakeholders as the future of AZ sports betting continues to take shape. So, what are you waiting for? Now is the best time to get on sports betting!
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Frequently Asked Questions
Sports betting in Arizona is limited to people over 21 years old. Sportsbooks should put up measures to ensure that all the bettors on their platforms meet this minimum age requirement.
While the laws in Arizona allow for a wide range of options when it comes to sports betting, there are still some restrictions you should take note of. For instance, people who work in different teams or have access to privileged information on team performance are prohibited from betting. Otherwise, you can place a sports bet on whichever sport you are interested in exploring.
Yes, you can bet on college sports in Arizona. However, you can’t place prop bets on individual players in college sports.
The IRS tax winnings for sports bets in Arizona depends on the type of bet made. If you place a mobile or online bet, the tax will be 10% of your winnings. Retail sports betting, on the other hand, is taxed at 8%. You should be careful to pay your betting taxes to avoid conflicts with the law.
Yes, there are many bonuses you can explore as a new bettor in Arizona. These bonuses depend on the sportsbook you are interested in and are regularly updated. You should always research the bonuses and promotions provided by betting platforms to get the best deals.
Please refer to Affiliated Operators’ T&C. Void where prohibited. Gambling problem? Call 1-800-GAMBLER.