On-line bookmaker Betfred introduced yesterday that it was closing registrations for brand new account within the state of Arizona with quick impact.
The information follows shortly after the corporate exited the state of Colorado in August and each Ohio and Maryland earlier in 2024. In keeping with the message displayed on the Arizona web site, the sportsbook will probably be totally closed within the state by November 4th, 2024.
Betfred has lowered its US operations to its cell sportsbook in Iowa, Virginia, and Pennsylvania. It additionally operates retails sportsbooks in Washington State and Nevada however has closed its Louisiana sportsbook.
Talking earlier this summer season, Betfred U.S. CEO Kresimir Spajcic urged {that a} full American exit was “on the desk … if we don’t have sufficient worth that we are able to create throughout the U.S.”
BetFred launched in Arizona in March of 2022 when it partnered with Fort McDowell Yavapai Nation and its We-Ko-Pa On line casino Resort to turn out to be the state’s eleventh cell sports activities betting operator.
However 2024 noticed the corporate battle to enhance its place within the state with out relying closely on promotions and bonuses. The primary six months of 2024 noticed the sportsbook absorb a complete of $14 million in wagers considerably lower than the height of $5 million in September of 2023.
Following its exit, the Fort McDowell Yavapai Nation can now associate with one other sports activities betting operator.
Arizona Exits Proceed
Arizona ranks among the many high seven sports activities betting markets in the US. Nonetheless, regardless of this, Betfred is now the fourth sportsbook operator to exit the state in 2024.
WynnBET closed its sports activities betting operations in Arizona in February with Unibet and Betway following in June.
Regardless of sportsbooks exiting the state, Arizona has awarded two tribal-based sports activities betting licenses to Sporttrade and Plannatech by way of the Quechan Indian Tribe and San Carlos Apache Tribe, respectively.
