/ Modified oct 25, 2021 3:37 p.m.

Arizona collects over $1,500 in fantasy sports tax in August

The state is expected to make significantly more from sports betting, which became legal about two weeks after fantasy sports contests.

McKale Center Arizona Wildcats University of Arizona sports hero The scoreboard inside McKale Center.
AZPM Staff

Arizona collected just under $1,600 in tax revenue during the first four days of fantasy sports contests after they became legal in August.

The Arizona Department of Gaming on Monday reported the first revenue figures from sports gambling, which was authorized by the governor and Legislature earlier this year.

The state is expected to make significantly more from sports betting, which became legal about two weeks after fantasy sports contests.

The first revenue figures for sports betting are expected in late November.

Four fantasy sports companies reported a combined $175,000 in revenue and $32,000 in profits.

They pay the state 5% of their profits.

MORE: AP, News, Sports
By posting comments, you agree to our
AZPM encourages comments, but comments that contain profanity, unrelated information, threats, libel, defamatory statements, obscenities, pornography or that violate the law are not allowed. Comments that promote commercial products or services are not allowed. Comments in violation of this policy will be removed. Continued posting of comments that violate this policy will result in the commenter being banned from the site.

By submitting your comments, you hereby give AZPM the right to post your comments and potentially use them in any other form of media operated by this institution.
Arizona Public Media is a service of the University of Arizona and our broadcast stations are licensed to the Arizona Board of Regents who hold the trademarks for Arizona Public Media and AZPM. We respectfully acknowledge the University of Arizona is on the land and territories of Indigenous peoples.
The University of Arizona