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Arizona’s December Sports Gambling Handle Drops But Revenue Up Nearly 62%

Written By Katarina Vojvodic on February 27, 2024
Arizona Waves Flag Before NCAA Basketball Game

Arizona sportsbooks hit a new monthly high in revenue in December despite reporting a month-over-month decline in sports betting handle (total bets).

In December, the Arizona gaming regulator reported that gross sports betting receipts reached $693.31 million. Of that total:

  • Retail locations collected: $6.45 million
  • Online sportsbooks generated: $685.10 million

The amount of money gambled represents a 2.81% monthly drop from the previous record of $713.59 million that Arizona put down on sports bets during November 2023. December handle is also a 21.10% annual increase.

Arizona is the last state to report sports gambling figures. While Arizona just released December retail and online gambling figures, several other states are about to reveal February numbers.

Arizona sports betting sets a new revenue record in December

According to the Arizona Dept. of Gaming’s December 2023 report, gross revenue in the state hit $66.11 million. Of that number:

  • $65.25 million came through online betting
  • $625,986 came from retail locations

An additional $240,604 came from limited event wagering in the state.

The December total also represents a 61.83% improvement over the gross receipts coming from Arizona’s licensed sportsbooks in November. Arizona’s December 2023 revenue is also a 21.44% year-over-year increase.

The Grand Canyon State was eligible to tax $48.35 million in adjusted gross revenue (AGR), another record set by Arizona sportsbooks. It’s also a 23.56% annual increase and a whopping 137.85% monthly rise.

Throughout December, the state collected nearly $4.82 million in privilege fees (taxes) at a 10% tax rate on adjusted gross revenue. Most of the money ($4.75 million, to be exact) came from online sports betting. The total figure is a yearly progress of 29.35% and a staggering 138% monthly rise.

FanDuel leads Arizona’s December sports betting market

Looking at individual operators, FanDuel was the online market leader throughout December in both revenue and betting handle:

  1. FanDuel generated $23.71 million in AGR from $236.28 million in total bets
  2. DraftKings and Crown Gaming made $13.81 million in revenue resulting from $228.46 million in total wagers
  3. BetMGM generated $6.11 million off an $82.67 million handle
  4. Penn Sports (Barstool Sports) generated $2.87 million in revenue resulting from a $52.96 million handle
  5. Caesars (American Wagering) made $2.81 million in revenue from a $56.80 million handle

Bet365 entered Arizona in early February

Announcing its presence on X, Bet365 launched in Arizona on Feb. 5, just in time for the Super Bowl. Bet365 secured the sports betting license in August 2023 and joined the market six months later as the 17th operator.

To enter Arizona, Bet365 partnered with the Ak-Chin Indian community.

Bet365 players in Arizona can place pre-event and in-game bets on various sports. Additional options include same-game parlay, cash out, and edit bet.

The Arizona Department of Gaming is in the process of accepting applications for event wagering licenses. The application window for event wagering licenses runs through Mar. 4.

Online casinos in Arizona remain illegal. To follow the progress and legalization of online casinos in other states, check our online casino bill tracker to stay up to date.

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Katarina Vojvodic

Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for PlayCanada.com. Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

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