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Sports Betting Fee Cap, Tax System Fund Sent to Arizona Governor

June 24, 2022, 12:04 AM

Arizona would cap how much revenue the state can take from sports betting operators and create a new fund to modernize the state’s tax system, under budget bills lawmakers passed Thursday.

Gov. Doug Ducey (R) is expected to sign both bills, which came as part of a bipartisan agreement. The sports betting bill (H.B. 2855) would cap the fees on fantasy sports contest operators at 10% of their adjusted revenues.

The measure, which the House of Representatives approved 41 to 18 and the Senate 18 to 10, would cap fees to operate event ...