Arizona Department of Gaming

Esports Betting Industry On PC-Based Games Is On The Upswing

Thursday, October 14, 2021 - 1:55pm

A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming.

Key Points: 
  • A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming.
  • Most of the money is still in traditional esports played on PCs, and the industry has not adapted tournaments on a massive scale to mobile."
  • The esports betting industry on PC-based games is on the upswing, and sportsbooks need to capitalize on that while keeping an eye on the future.
  • In addition to Esports Technologies, sports betting industry leaders Draft Kings and Penn National as well as top retail and technology companies will be participating in the conference.

Esports Betting Industry On PC-Based Games Is On The Upswing

Thursday, October 14, 2021 - 1:55pm

PALM BEACH,  Fla., Oct. 14, 2021 /PRNewswire/ -- For a long time, the conversation in the gaming world was focused on mobile being the future of the industry. Now, in 2021, the future has officially arrived.  Our society is becoming more dependent on smartphones, with more than 90% of Americans owning a smartphone, and the rest of the developed world is only slightly behind the United States' pace. It is not a surprise that revenue from mobile gaming is rising, but the growth rate is something sportsbooks need to keep an eye on in the future. The more the common gamers pour their money into mobile gaming, the more sportsbooks will need to be ready to pounce. Already more than 40% of smartphone owners are paying at least $50 per month on games, which translates to $600 per year. That isn't a small sum for most people, and a quarter of the users are up to at least $1,000 per year on mobile gaming. Simply put, the future used to be mobile gaming, but it is becoming increasingly apparent that the future is here and the switch from PC gaming to mobile gaming is vital.   A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming. While most users are starting to use mobile gaming more than PC or consoles, the competitive gaming world has not made the switch yet. Most of the money is still in traditional esports played on PCs, and the industry has not adapted tournaments on a massive scale to mobile." Active gaming and tech companies in the markets today include:  Esports Technologies (NASDAQ: EBET), Skillz (NYSE: SKLZ), Super League Gaming (NASDAQ: SLGG), Elys Game Technology, Corp. (NASDAQ: ELYS), Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG).

Key Points: 
  • A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming.
  • Most of the money is still in traditional esports played on PCs, and the industry has not adapted tournaments on a massive scale to mobile."
  • The esports betting industry on PC-based games is on the upswing, and sportsbooks need to capitalize on that while keeping an eye on the future.
  • In addition to Esports Technologies, sports betting industry leaders Draft Kings and Penn National as well as top retail and technology companies will be participating in the conference.

PayNearMe Approved to Process Online Sports Betting and iGaming Payments in Arizona

Tuesday, September 21, 2021 - 2:00pm

As more states legalize online sports betting, PayNearMes technology and electronic cash network make it possible for operators to get up and running quickly in each new state.

Key Points: 
  • As more states legalize online sports betting, PayNearMes technology and electronic cash network make it possible for operators to get up and running quickly in each new state.
  • Managing deposits and payouts is a complex process that requires technology designed specifically for the iGaming industry.
  • PayNearMe now operates and processes payments for licensed online sports betting and iGaming operators in 14 U.S. states and is expanding its gaming footprint as new states legalize online sports betting and iGaming.
  • PayNearMe provides a complete payment solution for online sports betting and iGaming, with a focus on removing friction to enable operators to deliver a best-in-class player journey.

Esports Betting On Pace To Reach Up To $8 Billion In Total Wagers This Year

Monday, September 20, 2021 - 3:45pm

According to an article by Venture Beat, one of the fastest growing categories in online gambling, esports betting is on pace to reach up to $ 8 billion USD in total wagers this year, equating to $560 million in revenue at an industry average margin of 7%.

Key Points: 
  • According to an article by Venture Beat, one of the fastest growing categories in online gambling, esports betting is on pace to reach up to $ 8 billion USD in total wagers this year, equating to $560 million in revenue at an industry average margin of 7%.
  • It continued: "Now in 2019 esports betting is one of the most exciting categories in the regulated gambling industry.
  • Even more so when combined with a U.S. sports betting market opening up state by state.
  • With new game titles constantly being released, and an ever-increasing population of esports fans, the trend is clear."

Esports Betting On Pace To Reach Up To $8 Billion In Total Wagers This Year

Monday, September 20, 2021 - 3:45pm

According to an article by Venture Beat, one of the fastest growing categories in online gambling, esports betting is on pace to reach up to $ 8 billion USD in total wagers this year, equating to $560 million in revenue at an industry average margin of 7%.

Key Points: 
  • According to an article by Venture Beat, one of the fastest growing categories in online gambling, esports betting is on pace to reach up to $ 8 billion USD in total wagers this year, equating to $560 million in revenue at an industry average margin of 7%.
  • It continued: "Now in 2019 esports betting is one of the most exciting categories in the regulated gambling industry.
  • Even more so when combined with a U.S. sports betting market opening up state by state.
  • With new game titles constantly being released, and an ever-increasing population of esports fans, the trend is clear."

Arizona sports betting to further enhance US wagering market

Friday, September 10, 2021 - 10:17am

To date the Arizona Department of Gaming have announced 18 of 20 sports betting licenses, having initially received 26 applications.

Key Points: 
  • To date the Arizona Department of Gaming have announced 18 of 20 sports betting licenses, having initially received 26 applications.
  • In addition to today's news, Daily Fantasy Sports is already well under way in Arizona having hit the market on August 27.
  • Commenting on the Arizona market, PlayUp USA CEO, Dr. Laila Mintas said: "After months of buildup, we are excited that the launch of Arizona's sports betting is now here and congratulate all those involved.
  • There is significant opportunity in the Arizona market and PlayUp remain optimistic of receiving a license within due course.

DraftKings Launches Online Sports Betting in Arizona

Thursday, September 9, 2021 - 12:30pm

BOSTON, Sept. 09, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) announced today the launch of DraftKings online Sportsbook in Arizona, marking the 14th state in which the top-rated mobile sportsbook is available.

Key Points: 
  • BOSTON, Sept. 09, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) announced today the launch of DraftKings online Sportsbook in Arizona, marking the 14th state in which the top-rated mobile sportsbook is available.
  • Arizona sports fans age 21 and over are now able to place wagers on a variety of betting markets across professional, collegiate and other sports leagues via the DraftKings Sportsbook app.
  • With plenty of in-state teams, Arizona is well-equipped to offer year-round betting opportunities to the states skin-in-the-game sports fans.
  • Additionally, as part of DraftKings commitment to environmental initiatives, and in collaboration with the Arbor Day Foundation, DraftKings Sportsbook is hosting an earth-themed $500 free-to-play Pool open to all Arizona customers.

Arizona Grants Genius Sports Temporary Sports Betting License

Wednesday, September 8, 2021 - 12:00pm

Genius Sports Limited (NYSE: GENI) (Genius Sports), the official data, technology and commercial partner that powers the ecosystem connecting sports, betting and media, announced today that it has been granted a Temporary Event Wagering Supplier license by the Arizona Department of Gaming.

Key Points: 
  • Genius Sports Limited (NYSE: GENI) (Genius Sports), the official data, technology and commercial partner that powers the ecosystem connecting sports, betting and media, announced today that it has been granted a Temporary Event Wagering Supplier license by the Arizona Department of Gaming.
  • Genius Arizona licensure follows quickly on its announcement of certification in Wyoming late last week.
  • Arizona, one of 23 U.S. states to legalize sports betting, authorized betting in April and is expected to launch gaming in the state this week, on Thursday, September 9.
  • Genius partners BetMGM, DraftKings, and FanDuel have also received licenses to begin operating in Arizona upon the launch.

Tonto Apache and Quechan Tribes Prepare to Launch Sports Betting in Arizona While Fighting Legal Effort to Stop It

Saturday, September 4, 2021 - 1:03am

The Tonto Apache and Quechan Tribes are represented by Rosette, LLP.

Key Points: 
  • The Tonto Apache and Quechan Tribes are represented by Rosette, LLP.
  • Doug Ducey and 20 of Arizona's 22 federally recognized Indian tribes, including the rural Tonto Apache and Quechan tribes.
  • Both were among the ten tribes that applied for and were awarded sports betting licenses under the new law.
  • The Tonto and Quechan tribes have filed a notice of intent to intervene in the legal action, and will also pursue a motion to dismiss as needed.

Fubo Gaming Receives License to Offer Mobile Event Wagering From the Arizona Department of Gaming

Thursday, September 2, 2021 - 9:37pm

Fubo Gaming , a subsidiary of leading sports-first live TV streaming platform fuboTV Inc. (NYSE: FUBO), today announced that it has been granted a Manage Service Provider Certification from the Arizona Department of Gaming (ADG), which subject to certain additional regulatory approvals, will allow Fubo Gaming to offer mobile event wagering within the state of Arizona through a market access agreement with the Ak-Chin Indian Community.

Key Points: 
  • Fubo Gaming , a subsidiary of leading sports-first live TV streaming platform fuboTV Inc. (NYSE: FUBO), today announced that it has been granted a Manage Service Provider Certification from the Arizona Department of Gaming (ADG), which subject to certain additional regulatory approvals, will allow Fubo Gaming to offer mobile event wagering within the state of Arizona through a market access agreement with the Ak-Chin Indian Community.
  • Designed as a holistic, hyper-personalized betting experience reflecting what users are watching on fuboTV, Fubo Sportsbook intends to combine data from both the betting and streaming platforms.
  • The license award in Arizona is an important strategic step as we aim to bring our integrated Fubo Sportsbook to the passionate sports fans of Arizona, said Scott Butera, president, Fubo Gaming.
  • Id like to thank our partners at the Ak-Chin Indian Community, who are leaders in the Arizona gaming community, for helping us achieve this milestone today.