Payson is commonly referred to as the "Heart of Arizona" for its central location within the Arizona landscape. The charming city is almost entirely surrounded by the beautiful Tonto National Forest and is known for its unique temperate Mediterranean climate, which stands in direct contrast to most of the state's desert regions. Visitors can explore the city's lovely coldwater lakes, which serve as popular year-round recreation sites for fishing, horseback riding, and hiking, or view the stunning Mogollon Rim natural formation, one of the state's most renowned natural wonders. Other natural sites include the Tonto Natural Bridge, the world's largest natural bridge. Three championship golf courses offer opportunities to hit the links, while the Mazatzal Casino is home to a lively game floor and delicious restaurants. Since 1884, the city has been the home of the world's oldest continuous annual rodeo.