From November 2021 to November 2022, Arizona experienced a substantial surge. The state recorded over $611 million in online sports bets, exceeding its previous year’s numbers by a staggering 32.2%. This marks the second month in a row that Arizona has surpassed the $600 million mark in online sports betting.
“Seeing a second straight month of sports bets exceeding $600 million within the state is thrilling,” stated Ted Vogt, Director of the Arizona Department of Gaming. “This accomplishment underscores the strength of Arizona’s sports betting market, which has already secured a spot in the top ten markets nationwide."
Let’s initially provide an overview of the 18 sportsbooks functioning in Arizona, including the three out of these 18 that also offer a retail sportsbook for betters to visit. After this, we can delve into the detailed analysis of each sportsbook’s contribution and the statewide statistics related to online gaming.
Additional information on the finances
Across its 18 licensed operators, Arizona sports betting generated almost $617 million in total handle. The vast majority of this, all except around $6 million, came specifically from online sports betting. The remainder was contributed by daily fantasy sports enthusiasts.
Operators paid out over $560 million to Arizona online sports bettors who placed successful bets. Consequently, the 18 online sports betting platforms in Arizona produced almost $55 million in Adjusted Gross Event Wagering Receipts.
Operators made approximately $35 million in profits after nearly $16 million of bonus bets and almost $3.9 million in privilege fees were paid to the Grand Canyon State.
November 2022: Important Insights from Arizona’s Sports Betting Sector
In November, DraftKings held the largest market share in Arizona’s sports betting industry. Over $200 million was bet by Arizona gamblers through their online sportsbook, accounting for over 32% of the state’s monthly sports betting total.
FanDuel followed closely, drawing over $193 million in sports bets. Leading all operators in bonus bets and/or promotional credits offered to Arizona bettors, FanDuel provided nearly $5.5 million in November.
DraftKings and FanDuel collectively made up 64% of Arizona’s sports betting industry. The remaining competitors lagged significantly behind. BetMGM managed almost $94 million in handle, while Caesars came fourth, handling close to $62 million.
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