Event Wagering & Fantasy Sports Inquiry Letter is a legal document that was released by the Arizona Department of Gaming - a government authority operating within Arizona.
Q: What is event wagering?
A: Event wagering refers to the act of placing bets on the outcome of a sporting event or other types of competitions.
Q: What are fantasy sports?
A: Fantasy sports are virtual games where participants create imaginary teams of real athletes and earn points based on their performance in real-world sports events.
Q: Is event wagering legal in Arizona?
A: No, currently event wagering is not legal in Arizona.
Q: Are fantasy sports legal in Arizona?
A: Yes, fantasy sports are legal and regulated in Arizona.
Q: Are there any restrictions on participating in fantasy sports in Arizona?
A: Yes, participants must be at least 18 years old to participate in fantasy sports contests in Arizona.
Q: Are there any taxes associated with event wagering or fantasy sports in Arizona?
A: Yes, event wagering and fantasy sports are subject to state and federal taxes in Arizona. Participants may need to report their winnings and pay taxes on them.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Arizona Department of Gaming.