November 22, 2024 12:30 am
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Experts project $252M sports betting market in AZ

(Disclosure: Rose Law Group represents PGA TOUR.)

By AZ Business Magazine | AZ Big Media

Following the passage of Arizona’s sports betting bill (House Bill 2772), ArizonaCasinos.com projects that the state at full maturity could produce $252 million in annual revenue. Using the minimum tax rate of 8% outlined in Arizona’s bill, that projection would yield $20,160,000 in yearly tax revenue for the state General Fund.

Under Arizona’s landmark sports betting bill, up to 20 different sports betting operators could offer betting platforms in the Grand Canyon State. Tribal casinos, sports franchises, and sporting venues in the state will all be eligible to apply for operating licenses.

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