It’s Super Bowl week! And while the game won’t be in Arizona this year, a good share of the betting will be.
Last year, Arizonans spent more than $8 billion on sports gambling and as the business continues to grow, state leaders want a bigger piece of that growing pie to fill major budget gaps.
Right now, the state gets only about 10% of taxable revenue from those popular sports betting sites, which make up the majority of Arizona’s gambling action.
In Gov. Katie Hobbs’ proposed budget, she’s calling for that rate to be raised to 45% in order to add another $150 million to the state coffers. But is that realistic?
