(ADDS BJORN COMMENTS IN NEW 7TH GRAF)
The sports betting in the Grand Canyon State.
mobile wagering marketplace, had two open licenses among the 10 allocated to tribal gaming operators. Sporttrade is the designee for the Quechan Indian Tribe of the Fort Yuma Indian Reservation, while Plannatech is the designee for the San Carlos Apache Tribal Gaming Enterprise.
Sporttrade is currently accepting wagers in Ohio, but the Arizona Department of Gaming did not mention Prime Sportsbook in its release.
The sports betting revenue in its first four months.
Sporttrade Continues Expansion 366z1g
📢 TODAY: ADG has allocated an event wagering operator license to Plannatech as the designee for the San Carlos Apache Tribal Gaming Enterprise, and to Sporttrade as the designee for the Quechan Indian Tribe of the Fort Yuma Indian Reservation.
More here: https://t.co/8B7dwJOg22 pic.twitter.com/Tn9uHgIWRk
— Arizona Department of Gaming (@AzGaming) August 2, 2024
Handle and revenue figures for Sporttrade are somewhat scant as Colorado does not disclose operator figures in its monthly releases, and New Jersey provides only revenue totals. In its first two months in Iowa, Sporttrade generated $1.1 million in handle and posted a 9.7% hold in claiming close to $109,000.
The New Jersey Division of Gaming Enforcement began providing revenue figures by operator starting this year, and Sporttrade has accumulated $390,500 in the first six months of 2024. That includes combined losses totaling $601,800 in March.
Plannatech Chief Operating Officer Adam Bjorn noted in a direct message Twitter exchange that “this opportunity came around fast, and the approval even faster.” He added that the licensee does have “some options available,” and that Plannatech is “just keen to get everything together on the back end.”
The additions of Sporttrade and Plannatech, which should both launch before any other changes occur in the Arizona marketplace, would give Grand Canyon State bettors 18 mobile options. The state has reported more than $3.3 billion worth of accepted wagers the first five months of 2024, 99% of which originated via sports betting apps.
