Arizona sports betting handle reaches $693.3m in December

Arizona sports betting handle reaches $693.3m in December

The handle was up by 21 per cent compared to December 2022.

US.- Arizona’s sports betting handle was a record $693.3m in December, up 21.1 per cent year-on-year, but down 2.8 per cent compared to November’s handle ($713m). Online spend amounted to $685.1m, while retail sportsbooks took $6.4m and limited event wagering (LEW) operators $1.8m.

The Arizona Department of Gaming said operators made $66.1m in gross revenue, a new record for the state. This was up 22.1 per cent from $54.4m in the previous year and up 62.4 per cent from November. Of the total, $65.2m came from online betting and $625,986 from retail sportsbooks. A further $240,604 was generated by limited event wagering (LEW) operators.

Some $17.8m in free bets and promotional credits were noted in December. Almost all of this came from online betting. Adjusted gross sports betting revenue for the month amounted to $48.3m, another record. This was 30.3 per cent higher than December 2022 and 139.4 per cent more than November.

See also: bet365 launches in Arizona

FanDuel brought in the most mobile bets in Arizona in December at $236.3m. It posted $23.7m in adjusted revenue. DraftKings and Crown Gaming took $13.8m from $228.5m and BetMGM $6.1m from a $82.7m handle. Tax amounted to $4.8m: $4.7m from online activity, $49,703 from retail and $19,248 from LEW.

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