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Wells Gaming Research projected Arizona revenue based on numbers from the Nevada market that consider the state without Las Vegas tourists. The top-level study found previous projections have likely overstated how much money the state could bring in. If Arizona used the same tax rate as Nevada, the state could bring in between $486,000 and $2.3 million a year in tax revenue on sports betting wins, Wells said. Less than 20 sports books would open in the state, Wells Gaming Research predicts. “It’s not a big revenue producer for the state,” Wells said. “It’s also not a big job producer.” States and tribes are both looking at how to regulate sports betting to boost revenue and protect consumers, Stanley said. Looking at new technologies like mobile betting while preventing underage betting and data breaches are among the challenges, he said. For states, tax rates are integral in limiting the illegal market, Hart said. Tax rates of 7 to 10 percent make sense, while Pennsylvania’s 36 percent tax rate is too high, Hart said.
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But just imagine if you could make a live play-by-play wager in real time as the game is unfolding. BookMaker.eu has made that a reality, having announced the launch of its new live wagering platform, which allows users to gamble on the outcomes of play-by-play action. The live betting platform will begin with the 2018 NCAA college football season and NFL season. So, let’s say the defending Super Bowl champion Philadelphia Eagles have a first-and-goal situation against the Atlanta Falcons on Thursday Night Football tonight. Users would be able to place a play-by-play wager on whether a touchdown comes next.
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