Arizona Online Sports Betting Handles $611 Million In November 2022

The state of Arizona saw a massive boost from November of 2021 to that same month in 2022. Not only did the state of Arizona take over $611 million in online sports bets, but they also outpaced the year prior by a whopping 32.2%. This is the second consecutive month in which the state of Arizona eclipsed $600 million in online wagers.

“It is exciting to see a second consecutive month of over $600 million wagered on sports by patrons within the state,” said Ted Vogt, Director, Arizona Department of Gaming. “This milestone highlights Arizona’s strong sports betting market, which has already established itself as a top-ten market nationally.”

Before diving into the breakdown of what each sportsbook has contributed and the state wide statistics as they relate to online gaming, let us first outline the 18 sportsbooks operating in the state of Arizona and the three of those 18 which also have a retail sportsbook for betters to visit.

More on the money

Arizona sports betting grossed nearly $617 million in handle across its 18 licensed operators. Of that total, all but about $6 million came specifically from online sports wagering. That smaller amount came from daily fantasy sports players.

More than $560 million was paid out from operators to Arizona online sports bettors who placed winning bets. As a result, the 18 online sports betting platforms in the state of Arizona generated nearly $55 million in Adjusted Gross Event Wagering Receipts.

After nearly $16 million of bonus bets, and almost $3.9 million in privilege fees paid to the Grand Canyon State, operators made approximately $35 million in profits.

Key Arizona sports betting takeaways from November 2022

DraftKings owned the highest Arizona sports betting market share in November. Arizona bettors wagered more than $200 million via their online sportsbook. That’s more than 32% of the state’s monthly sports betting handle.

Close behind was FanDuel, which attracted more than $193 million in sports bets. FanDuel also led all operators in bonus bets and/or promotional credits offered to Arizona bettors. They offered nearly $5.5 million in November.

DraftKings and FanDuel combined to account for 64% of Arizona’s sports betting business. It was quite a distance back to the rest of the field. BetMGM did almost $94 million in handle, and Caesars was fourth with nearly $62 million.