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Opinion

Something very positive is happening in Greater Phoenix

Such progress will enhance the entire Arizona economy, converting us from a state that depends on the cycles of hospitality, tourism, construction and growth to an economy with multiple foundations, including one for 21st century expansion built around science and technology, a sector that is now and will continue to drive expansion and opportunity for everyone.

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New sports betting law means increased revenue for state, tribes

Sports betting’s popularity has grown exponentially through the 2010s and now represents a $20 billion industry nationwide. State legislative analysts and industry experts predict that sports betting has the potential to generate over $427 million in revenue across the state. Although a highly speculative figure, this revenue would be taxed at a minimum rate of 8% as set by the Arizona Department of Gaming and could increase the state General Fund by $34.2 million annually.

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