The PGA Tour and DraftKings are gearing up for the grand opening of the DraftKings Sportsbook at TPC Scottsdale, scheduled for October 20th. This exciting development in Phoenix, Arizona, is pending regulatory approvals and promises to provide sports enthusiasts with a top-notch experience.
DraftKings Sportsbook at TPC Scottsdale:
The eagerly anticipated DraftKings Sportsbook at TPC Scottsdale is set to open its doors to the public on October 20th. This sportsbook is poised to become a significant hub for sports betting in Arizona.
Ribbon-Cutting Ceremony:
The ribbon-cutting ceremony is scheduled for October 19th at 1 pm. It will feature prominent figures from both the PGA Tour and DraftKings, highlighting the significance of this partnership. Arizona Cardinals legend Larry Fitzgerald and Councilwoman Tammy Caputi will place the ceremonial first bets, adding a touch of prestige to the event.
Features of the Sportsbook:
The DraftKings Sportsbook at TPC Scottsdale spans an impressive 13,000 square feet and offers an array of features to enhance the sports betting experience. This includes 40 betting kiosks, seven ticket windows, and an astounding 3,400 square feet of video walls. The dining area is equipped with a central bar that opens onto a patio adorned with cabanas and firepits, creating a luxurious and engaging atmosphere for visitors.
The Partnership:
The collaboration between DraftKings and the PGA Tour has been in the works for a while. In 2021, DraftKings inked an agreement to become the first official betting operator for the World Golf Championship-FedEx St. Jude Invitational and the Northern Trust PGA Tour golf events, cementing their commitment to the world of professional golf.
Arizona’s Thriving Sports Betting Market:
Arizona’s sports betting market has been making waves. In July, the state reported a sports betting handle of $323.2 million, representing a decrease of 17.8% compared to June ($393.2 million). However, it showcased impressive year-on-year growth of 11.3%. The bulk of the wagers, $320.2 million, were placed online, while the remaining $2.4 million came from retail sportsbooks.
Financial Performance:
Sports bettors in Arizona had a winning month, accumulating $287.9 million. The adjusted gross event wagering revenue reached $34.6 million, marking a substantial 38.4% increase compared to July 2022 and a healthy 24.9% boost from June 2023. Online sports betting was the driving force behind this revenue, contributing $34.3 million, while the retail sector’s share amounted to $151,222.
The upcoming opening of the DraftKings Sportsbook at TPC Scottsdale is a significant development in Arizona’s sports betting landscape. It promises a premium experience for sports enthusiasts and aligns with the broader trend of sports betting’s growing popularity. With a thriving market and continued collaboration between sports organizations and betting operators, Arizona’s sports betting sector shows no signs of slowing down.