January 3, 2022

Arizona sports betting revenue off to soft start

Arizona’s general fund collected just over $1.3 million in taxes during the first two months of legalized sports betting.

sports betting hero Sports betting in Las Vegas.
Baishampayan Ghos via Wikimedia Commons

Arizona’s general fund collected just over $1.3 million in taxes during the first two months of legalized sports betting.

That's far below the high expectations set by Gov. Doug Ducey and other proponents of the new gambling law.

Fantasy sports betting also was a bust for state coffers, bringing in just $46,000 in September and October.

The low take is due to credits sports books get for free bets they give customers to lure them into gambling on sporting events.

And only eight of 20 sports betting licenses are now being used.

Gaming Department Assistant Director Aiden Fleming says Arizona's sports betting market is already No. 5 in the nation and the market is still immature.

MORE: AP, Economy, News, Sports
By posting comments, you agree to our
AZPM encourages comments, but comments that contain profanity, unrelated information, threats, libel, defamatory statements, obscenities, pornography or that violate the law are not allowed. Comments that promote commercial products or services are not allowed. Comments in violation of this policy will be removed. Continued posting of comments that violate this policy will result in the commenter being banned from the site.

By submitting your comments, you hereby give AZPM the right to post your comments and potentially use them in any other form of media operated by this institution.
Arizona Public Media is a service of the University of Arizona and our broadcast stations are licensed to the Arizona Board of Regents who hold the trademarks for Arizona Public Media and AZPM. We respectfully acknowledge the University of Arizona is on the land and territories of Indigenous peoples.
The University of Arizona