Betfred to leave Arizona in early November

Sunday, September 22, 2024 5:37 PM
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  • Chris Altruda, Action Network

Betfred announced Thursday that it will leave Arizona’s mobile sports betting market effective Nov. 4, further reducing its footprint in the United States.

The U.K.-based operator stopped accepting bets in Colorado on Aug. 31, which came on the heels of it exiting Maryland and Ohio earlier this year. Betfred still has a mobile presence in Iowa, Virginia and Pennsylvania, as well as brick-and-mortar sportsbooks in Louisiana, Nevada and Washington State.

Despite Arizona being a top-seven market for sports betting handle nationally, Betfred is the fourth mobile sportsbook to leave the marketplace this year, joining WynnBET (February), Unibet (June) and Betway (June).

Betfred U.S. CEO Kresimir Spajcic had hinted at potential further downsizing earlier this summer when he told EGR that a full American exit was “on the table … if we don’t have enough value that we can create within the U.S.”