Arizona has moved a bit closer to legalizing online gambling. The Ministry of Gaming published its draft report of guidelines, including tax rates and license fees, on Friday. So, what does the future of online gambling in Arizona look like?
“I’ve been very impressed with the Department of Gaming. They’re being very transparent but also being very efficient,” said Chandler state Rep. Jeff Weninger, a Democrat. Weninger co-sponsored the measure and is enthusiastic about its impact on the overall economy.
According to the recently disclosed figures, organizations or communities would spend $100,000 to accelerate, a $750,000 licensing charge, and a $150,000 yearly renewal price. They will be charged 8% on all in-person betting and 10% on all digital betting.
These new regulations were announced on the same day as the very first clan entered the fray. WynnBET, a sports gambling software, established a partnership with the San Carlos Apache Tribe to obtain an internet gambling license in the state. Bally’s teamed with the WNBA’s Phoenix Mercury to get a license previously this week.
With the Arizona Diamondbacks, Phoenix Suns, and Waste Management Phoenix Open currently partnering with sports gambling software for sportsbooks, many are anticipating the Arizona Cardinals, Arizona Coyotes, and Phoenix International Raceway to collaborate with businesses for licenses as well.
Weninger anticipates that this will not only help Arizona’s economy but will also draw additional social activities to the state.
I think different tournaments being scheduled, different conferences being scheduled because it’s going to put us higher on the list because we have this also.Weninger
The Ministry of Gaming is also accepting public opinions on the proposed guidelines until July 7, following which they will have three different session discussions. Sports gambling is still scheduled to go online on September 9.