Impressive range of bonuses
1 of the world's top sportsbooks
Promo Code WSN365
$1,000 Safety Net Bet OR $150 in Bonus Bets
21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER
The sports betting market in Arizona is almost four months old now and judging by the reported $1.2 billion handles that has been generated there already, Grand Canyon State bettors are enjoying their new access to legal sports gambling.
In an attempt to widen the state’s tribal influence on that growing market, Arizona Senator Sally Ann Gonzales has filed SB 1674, a piece of legislation that would allow the Copper State’s 23 federally recognized tribes to apply for a sports betting license and operate off-reservation retail and mobile sportsbooks.
Part of SB 1674 reads:
The event wagering facility may be located in retail or commercial space on land that is not identified as Indian land pursuant to the Indian Gaming Regulatory Act (IGRA).
It’s no surprise that this tribal expansion issue is important to Sen. Gonzales who is currently a member of Arizona’s Pascua Yaqui Tribe as well a past member of the Pascua Yaqui Tribal Council, though that tribe is not one of the ten licensed by the state to operate online sports betting.
This off-reservation expansion is a big deal considering right now tribes must keep their sportsbooks on-reservation, and that prevents them from competing in the areas in the state where gambling is most prevalent.
If SB 1674 were to pass through Arizona’s congress and Governor Ducey signed it into law, a shift in the sports betting market dynamic would most likely take place given that the tribes would then be permitted to compete where they couldn’t before in Arizona’s gambling hotspots.
Those would be in its biggest cities – Phoenix, Scottsdale, and Glendale – close to where most of the state’s professional sports teams play, where gamblers are often placing in-person wagers on the live games that are happening in those stadiums and arenas.
If the tribes were allowed to set up in those areas, bettors would benefit from the competitive odds those new sportsbooks would be forced to offer, and that could help the state of Arizona and its residents by increasing the total handle and therefore the amount of tax revenue generated.
And from the looks of things so far, Arizona’s new sports betting market is a cash cow that will just keep on growing.
From the amount of money Arizona’s sports betting market has already generated, it is a surprise to learn that it has only been up and running since September 2021, its $1.2 billion handle a sign that resident bettors that will take full advantage of that now legal activity.
With an 8% tax rate on sportsbooks in play, Arizona is expected to take in an estimated $15 million each year, though that estimate could be low once all the sportsbooks’ freebies and discounts end and those customer-hunting tactics are no longer tax deductible.
We will keep an eye on how SB 1674 progresses in the upcoming weeks, so keep checking back for the latest news and updates on this ongoing story.
Impressive range of bonuses
1 of the world's top sportsbooks
Promo Code WSN365
$1,000 Safety Net Bet OR $150 in Bonus Bets
21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER
bet365 Approved for Sports Betting License in Illinois
1 day ago | Michael SavioNew Jersey Considering Bill to Lower Penalties for Underage Gambling
2 days ago | Michael SavioKansas Reports Record-Setting Sports Betting Handle in November
3 days ago | Michael Savio
We support responsible gambling. Gambling can be addictive, please play responsibly. If you need help, call
1-800-Gambler.
WSN.com is managed by Gentoo Media. Unless declared otherwise, all of the visible content on this site, such
as texts and images, including the brand name and logo, belongs to Innovation Labs Limited (a Gentoo Media
company) - Company Registration Number C44130, VAT ID: MT18874732, @GIG Beach Triq id-Dragunara, St.
Julians, STJ3148, Malta.
Advertising Disclosure: WSN.com contains links to partner websites. When a visitor to our website clicks on
one of these links and makes a purchase at a partner site, World Sports Network is paid a commission.
Copyright © 2024