Arizona is making less from sports betting than expected

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Arizona is making less from sports betting than expected
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In all of 2022, nearly $6 billion was wagered. Arizona collected only about $28.5 million in fees for the general fund.

"You can’t just look at the numbers it brings in tax revenues. You have to look at the totality of everything, that includes economic development, bringing in new conferences., and frankly, if you think about it, probably in this broadcast you’ll see an advertisement for one of these platforms," Weninger told FOX 10 in October 2021.

Betting on the Super Bowl? Arizona makes history for being the first host with legalized sports gambling "The vast majority of wagers are placed online. Well over 99 percent," he said. "For example, I believe in the most recent release we had for July of 2023, we had over $323 million wagered in the state and $320 million dollars of that was wagered from an online format."says they don't have enough data to show that online sports betting has contributed to an increase in hotline calls.

"I think we’ll see a world where just about everywhere in the United States has legalized sports gambling here the next five years," he said. "It certainly has expanded far faster than things like casinos or lotteries ever did."

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