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Arizona Sees July Sports Betting Revenue Rise Despite Lower Handle

Written By Katarina Vojvodic on September 27, 2023
Arizona Fan During NCAA College Football Game and Arizona sports betting July 2023

Arizona sports betting handle totaled $323.2 million for July, according to the data released by the Arizona Department of Gaming. Of this total, Arizonans gambled $320.2 million online, whereas the remaining $2.4 million was wagered at retail sportsbooks.

The total betting handle figure represents an 11.3% year-over-year increase from July 2022 but a monthly 17.8% decrease from $393.2 million generated in June.

Sports betting has surpassed $11 billion in total bets placed since the launch of sports betting in 2021.

Arizona sportsbooks collected $34.5M in revenue in July

Arizona sportsbook operators generated $34.5 million in adjusted gross revenue (AGR) before promotions and deductions. The number is a 24.5% monthly increase from June’s revenue of $27.7 million.

Throughout July, the state collected almost $2.7 million in privilege fees (taxes) at a 10% tax rate on AGR. The figure is a yearly increase of 79% compared to July 2022, showing a monthly rise of 68.8% from June.

Retail operators are taxed 8% and contributed $11,635 to the state in July.

FanDuel holds the top spot in July among Arizona operators

Breaking it down by Arizona’s online sports betting operators, FanDuel was the top performer in betting handle (total bets) and revenue generated.

Here’s a list of the top five Arizona online sportsbooks, according to the ADG’s July revenue report:

  1. FandDuel has been leading the market with $113.66 million in accepted wagers and gross revenue of $13.59 million
  2. DraftKings came in second with a handle of $102.36 million and gross revenue of $10.25 million
  3. BetMGM took the third place with a betting handle of $43.29 million and $5.91 million in adjusted gross revenue
  4. Caesars took the fourth spot with $32.61 million in the betting handle and $2.47 million in revenue
  5. Barstool followed with $8.95 million in total bets and $659,419 in gross revenue before deductions and promos

There are currently 17 online sportsbook apps available in Arizona, with the potential of 20.

Photo by Rick Scuteri / AP Photo
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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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