Arizona Governor Proposes Sports Betting Tax Increase in Latest Budget

Arizona proposes 35 percentage point increase in sports betting tax

Arizona is mulling increasing its tax rate on sports betting to as much as 45% for some operators, as revealed in the state’s proposed executive budget. The $17.7bn budget for full-year 2027, released by Governor Katie Hobbs last month, aims to account for the reduction in federal funding caused by President Trump’s One Big Beautiful Bill Act. Hobbs has proposed that one way to raise state revenue would be to significantly hike taxes on sports b…

Arizona Governor Proposes Sports Betting Tax Increase in Latest Budget

Arizona Gov. Katie Hobbs (D) has proposed a sports betting tax increase in her latest $17.7 billion budget Hobbs proposed raising the state’s tax rate to 45% for operators who bring in $75 million or more in revenue for a month Arizona’s tax rate is currently at 10%, the fifth lowest in the country Arizona Gov. Katie Hobbs (D) is proposing a 350% increase to the state’s sports betting tax rate for its most profitable operators. In her latest $17…

Arizona Governor Proposes Sports Betting Tax Increase to 45%

Arizona Governor Katie Hobbs proposed a sports betting tax rate increase from 10% to 45% in the state’s proposed budget for fiscal year 2027. Hobbs believes the increase will generate an additional $150 million annually. The tax hike impacts AZ sportsbook operators handling over $75 million monthly and would not affect smaller sportsbooks in the state. PHOENIX – Arizona wants a greater share of the state’s online sports betting revenue. In the s…