Finance & Revenue
What’s happening? Arizona authorized fantasy sports earlier this year. The 1st 4 days of fantasy sports generated just under $1,600 in tax revenue. The fantasy sports operators pay 5% of their profits as revenue.
Why is this important? State regulators anticipate sports betting will be a much stronger revenue source.
How will this be important? States are still considering fantasy sports and sports betting. States still like revenue sources.
Fox 10 | Arizona collects over $1,500 in fantasy sports tax during first 4 days in August
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