{"id":6954,"date":"2024-09-24T11:03:53","date_gmt":"2024-09-24T10:03:53","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=6954"},"modified":"2024-09-24T11:03:59","modified_gmt":"2024-09-24T10:03:59","slug":"betfred-to-exit-arizona-market","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/09\/24\/betfred-to-exit-arizona-market\/","title":{"rendered":"Betfred to Exit Arizona Market"},"content":{"rendered":"\n<p>British bookmaker <strong>Betfred<\/strong> has announced the closure of its online betting platform in <strong>Arizona<\/strong>, joining eight other bookmakers that have already exited the state.<\/p>\n\n\n\n<p>The operator continued accepting new players until <strong>September 19<\/strong>, with a full shutdown scheduled for <strong>November<\/strong> <strong>4.<\/strong><\/p>\n\n\n\n<p>Betfred\u2019s departure from Arizona is attributed to difficulties in growing market share and profitability. In June, the company reported <strong>$2 million<\/strong> in revenue, with <strong>$1.8 million <\/strong>paid out to players. In comparison, June 2023 saw <strong>$2.2 million<\/strong> in revenue and <strong>$2.1 million <\/strong>in payouts.<\/p>\n\n\n\n<p>In June 2024, Betfred ranked 10th out of 17 licensed operators in Arizona. The company had also shuttered its <strong>Maryland<\/strong> operations in late July after a two-year partnership with off-track betting venue <strong>Long Shot&#8217;s<\/strong>, facing similar competition challenges. In May 2024, Betfred&#8217;s turnover in Maryland was <strong>$496,979,<\/strong> placing it 10th in the state\u2019s rankings.<\/p>\n\n\n\n<p>As of September 2024, Maryland hosts 12 licensed online sportsbooks.<\/p>\n\n\n\n<p>In July, <strong>SaharaBets<\/strong> also announced its exit from Arizona, following the relocation of its partner, the <strong>Arizona Coyotes<\/strong>, to Utah next season. That same month, SuperBook Sports informed customers it was halting operations in eight states, including Arizona, to focus on its Nevada business.<\/p>\n\n\n\n<p>Over the past two years, Arizona has seen several operators, including Betway, <strong>Fubo Sportsbook, WynnBet, TwinSpires, and Unibet<\/strong>, shut down their online sports betting services. In response, the <strong>Arizona Department of Gaming (ADG)<\/strong> has reopened its licensing process for new operators. The state&#8217;s gambling laws allow for up to 20 sportsbook licenses.<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British bookmaker Betfred has announced the closure of its online betting platform in Arizona, joining eight other bookmakers that have already exited the state. The operator continued accepting new players until September 19, with a full shutdown scheduled for November 4. Betfred\u2019s departure from Arizona is attributed to difficulties in growing market share and profitability. [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":6955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[4,7,1,564],"tags":[9896,9901,9897,2678,9667,5975,9898,9899,9900,2680,4350],"class_list":["post-6954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-betting","category-igaming","category-news","category-slider","tag-adg","tag-arizona","tag-arizona-department-of-gaming","tag-betfred","tag-fubo-sportsbook","tag-maryland","tag-saharabets","tag-superbook-sports","tag-twinspires","tag-unibet","tag-wynnbet"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Betfred to Exit Arizona Market - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2024\/09\/24\/betfred-to-exit-arizona-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Betfred to Exit Arizona Market - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"British bookmaker Betfred has announced the closure of its online betting platform in Arizona, joining eight other bookmakers that have already exited the state. The operator continued accepting new players until September 19, with a full shutdown scheduled for November 4. Betfred\u2019s departure from Arizona is attributed to difficulties in growing market share and profitability. 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