| Updated:2024-03-21 17:34 Views:173 |
One of the biggest sports betting markets in the country is about to welcome a new sportsbook to the family.
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The Arizona Department of Gaming announced it awarded an event wagering operator (sports betting) license to Fanatics, the upstart sportsbook that will enter the Arizona market through a partnership with the Tonto Apache Tribe.
The license costs a total of $850,000 upfront and has an annual renewal fee of $150,000.
Fanatics is the leader in sports memorabilia for professional American sports leagues. However, it’s a relatively small player in the sports betting world.
The sportsbook will be live in 17 states once it launches in Arizona.
