Arizona Coyotes' owner can retain their state sportsbook license thanks to an NHL accord.

Alex Meruelo, the owner of the Arizona Coyotes, still holds his NHL ownership title, allowing him to retain his state sportsbook license despite the team’s inactivity.

With the Coyotes players moved to Utah, can continue to profit from sports gambling in Arizona.

The NHL has given him five years to build a new arena and reactivate the team.