The spate of sports betting ads hitting us in Arizona has a silver lining, at least I hoped so.
You’ve no doubt seen the ads from FanDuel, DraftKings, Caesars Sportsbook, and others. How can you avoid them, right? The companies want to capture the largest possible share of the new sports betting market in Arizona right from the start and attract new customers to their apps that bettors will probably use for years.
I’m not in love with any type of gambling as it tends to tax people’s weaknesses. But the silver lining is tax revenue.
That was, it turned out, the main objective in negotiating the new Tribal Gaming Compact, which also spawned sports betting in Arizona.
Kirk Adams, former Chief of Staff to Governor Doug Ducey and former Arizona House spokesman, said so in an in-depth Arizona Republic history of the origins of sports betting.
The governor’s goal “was revenue,” Adams said in the story.
As if that wasn’t clear enough, the Republic also reported that Damon Clarke, chairman of the Hualapai tribe, said Ducey wanted “revenue” from the updated gaming compacts.
“More income. Yes sir.”
So you’d think we’re going to get at least a huge stream of tax revenue to offset Arizona’s big new tax cut for the rich, right?