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Arizona Sports Bettors Wager Near-Record Amount In January

Written By Katarina Vojvodic on March 13, 2024
Arizona Cardinals Cornerback Does Flip

The latest report released by the Arizona Dept. of Gaming (ADG) reveals the monthly increase in sports betting activity. Arizona operators handled over $706.4 million in wagers during January. Of that total:

  • Retail locations collected: $6.3 million
  • Online sportsbooks produced: $698.0 million

That makes January the second-best month in terms of dollars wagered since sports betting launched in Arizona in September 2021. November 2023 still holds the title but only slightly with nearly $713.6 million.

The January 2024 figure is also nearly 1.9% increase from Arizona’s December sports betting handle of $693.3 million and a 19.5% rise from $591.2 million in January 2023.

AZ sportsbooks win $69 million with trio at the forefront

In January, Arizona’s sportsbooks generated $69.3 million in adjusted gross revenue, with online sports betting accounting for almost $69.0 million of that total. The remaining $230,662 came from bets placed at brick-and-mortar locations.

Arizona’s January sports betting revenue is almost 4.9% monthly increase from December 2023’s $66.1 million and a nearly 50% uptick from January 2023.

According to the ADG’s January 2024 report, FanDuel was once again the leading online operator in Arizona. Here’s how its revenue (before deductions) compared to the top performers during the month:

  1. FanDuel generated $31.3 million in AGR from $258.1 million in wagers
  2. DraftKings reported $22.5 million in revenue from $228.2 million in bets
  3. BetMGM‘s revenue nearly reached $9.7 million after taking $84.7 million in wagers
  4. Caesars made $3.4 million in revenue from $50.3 million in bets
  5. BetRivers reported $516,274 from $6.8 million in wagers
  6. Hard Rock Digital made $510,146 in revenue from $7.1 million in bets
  7. ESPN Bet generated $348,323 in revenue from $49.5 million in wagers

FanDuel, DraftKings and BetMGM were accountable for  91.5% of the online sports betting revenue in Arizona during January 2024.

Meanwhile, the DraftKings-branded physical sportsbook in Phoenix was the leading physical sportsbook in the Grand Canyon State in January for both dollars bet ($3.3 million) and revenue ($144,520).

In January, Arizona collected $4.6 million in privilege fees, with nearly $4.6 million coming from online sportsbooks. For the first eight months of the state’s current fiscal year 2024 (July 2023 – June 2024), tax revenue has amounted to $24.4 million.

Bet365 was the newest book to launch in Arizona on Feb. 5 through a partnership with the Ak-Chin Indian Community. Its first-month performance will be seen in the ADG’s February report.

Arizona allows up to 20 wagering licenses, so players could see new operators join the market to fill the remaining slots.

Arizona ranks sixth in the US for January betting activity

AZ sports betting handle usually makes it to the country’s top 10 selection, with January 2024 being no exception.

Arizona was the sixth-highest state in dollars wagered in January. Here’s how it compared to the other leading states:

  1. New York: $1,965,468,151
  2. New Jersey: $1,719,170,088
  3. Pennsylvania: $858,106,230
  4. Ohio: $806,149,042
  5. Nevada: $782,980,978
  6. Arizona: 706,382,861
  7. Virginia: $652,879,750
  8. Massachusetts: $650,279,922
  9. Michigan: $601,585,142
  10. Colorado: $596,685,968
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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 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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