Quote:
Originally Posted by Strange Brew
What's the valuation of the license?
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I'm not sure.
This site tracks the revenue generated by legal sports gambling in each state:
https://www.legalsportsreport.com/sp...tting/revenue/
The sites in Arizona only launched in September and it takes a few months for the numbers to be updated, so they don't have a lot of info for now.
From September to February, there was $2,798,609,786 wagered in Arizona, but of course, most of that is returned to the gamblers, so the revenue from this was $226,323,970, or 8.1%. Plus, $8,578,941 was paid to the state in taxes. Also, if you look at other states with longer-term data, those are generally the biggest months for sports gambling. There's typically a dip between the end of March Madness and the start of the NFL season.
Under Arizona law, a maximum of 20 operators will be licensed -- 10 to the existing casino operators, and 10 to "top level" professional sports organizations that operate in the state. So far, only 8 pro sports organizations have been licensed: the Cardinals, Suns, D-Backs, Coyotes, Rattlers (AFL), Mercury (WNBA), NASCAR, and TPC Scottsdale (PGA/Phoenix Open).