Fund hurts and helps the tribes without sports-betting licenses

By Evan Oscherwitz  | Arizona Capitol Times  

The legalization of sports betting means the Arizona’s Indian tribes will lose their monopoly on the state’s gambling industry, but they still stand to gain considerable benefits from the new legislation.  

Signed by Gov. Doug Ducey on Apr. 15, the legislation makes several amendments to Arizona’s existing gaming compact, and most notably allows up to 10 professional sports franchises and up to 10 Indigenous nations to operate their own sportsbooks.   

While the finite number of licenses means that more than half of Arizona’s native peoples will be excluded from conducting their own event-wagering operations, measures have been taken to ensure that everyone gets a piece of th One such “ingenious” measure is the establishment of a trust fund for small rural communities whose geographic isolation prevents them from running large-scale gambling operations. Under the conditions of the bill, Indigenous nations located within the Phoenix and Tucson metropolitan areas will be required to deposit a portion of their annual revenues into the fund. 

READ ON:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

August 2021
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031