The Arizona Legislature has passed a bill to legalize online sports betting and daily fantasy sports within the state. The legislation sets forth a 10% tax rate on revenues generated from sports betting and establishes a comprehensive regulatory framework to govern the new market. It includes provisions for licensing operators, enforcing consumer protections, and ensuring responsible gambling practices. Following legislative approval, the bill now awaits the governor's signature to become law. Proponents of the legislation argue that it will capture consumer demand for regulated wagering options while generating additional tax revenue for the state treasury. The bill also aims to provide safeguards to protect players against problem gambling as the new market opens.