A whole year of legalized sports betting is officially in the books for Arizona. The Arizona Department of Gaming recently released official numbers from December 2022, with the Arizona sports betting handle for the month coming to a total of $572.5 million.
The final month of 2022 ended up being the fourth-highest total in the state since sports betting became legal in September 2021, down from November & rsquo’s$ 616.9 million handle. Arizona experienced a GGR of 54.4 % in December.
Sports Betting Handle For Arizona in December
As far as top sportsbooks in the states go, it comes as no surprise that FanDuel Sportsbook was the leading operator in Arizona with a GGR of $21.2 million, coming to a total of $180.4 million for 2022.
The second top operator went to BetMGM with a GGR of $11.6 million, which happens to be a monthly high for the sportsbook. The sportsbook’s GGR for 2022 came to over $108.3 million. It is also worth noting that the sportsbook reported a 10 percent or higher for each month in the last six months.
Caesars SportsbookFor the second month in a row, GGR generated over$ 5 million. However, Desert Diamond saw over$ 1 million in revenue in the final month of 2022, with a win rate of 23.5 %, so it wasn’t just the large sportsbooks that were successful.
Arizona Sports Betting Handle 2022
With the ADG reporting December’s numbers, it gives us the final numbers for 2022. Arizona reached $6 billion in total sports betting handle for the year, and operators generated $471.1 million in sports betting revenue prior to any losses and federal excise tax. A total of $28.9 million in tax receipts were generated from Arizona sports betting in 2022.
Sports betting has reportedly cost approximately$ 7.8 billion since it first became legal in the Grand Canyon state.
Credit: Matt York / AP Photo