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FanDuel Leads Arizona Sports Betting’s 6.2% Rise In October

Arizona sports betting handle reached a record $650 million in October, resulting in revenue ranking second in the state’s records.

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Katarina Vojvodic Avatar
2 mins read

Arizona’s legal sports betting market is continuing to show success. In October, Arizona players gambled over $648 million on sports, according to the latest report from the Arizona Department of Gaming (ADG).

The figure represents a nearly 4.8% annual increase compared to October last year. The number is also a 6.2% monthly rise from the $610 million gambled in September.

During October 2023, the state generated nearly $55.59 million in revenue and $3.29 million in privilege fees.

7th time since September 2021 that Arizona handle topped $600M

From the $648.21 million betting handle, almost all of the bets in Arizona came from online sportsbooks. To be more precise:

  • $641.02 million came through 17 AZ online sportsbooks
  • $5.4 million came from AZ retail locations

In the last 26 months of Arizona sports betting being live, October was the seventh time with total bets topping $600 million.

Arizona sports betting handle in October is the highest in 2023, and here’s how it compares to the rest of the year:

  1. January: $591.22 million
  2. February: 609.28 million
  3. March:  $644.76 million
  4. April: $535.71 million
  5. May: $451.72 million
  6. June: $393.20 million
  7. July: $323.21 million
  8. August: $358.88 million
  9. September: $610.72
  10. October: $648.21 million

Arizona’s October revenue figures rank second in the state’s records

Arizona sports betting operators claimed $56.87 million in gross revenue in October, ranking second in the state’s records, only after the $60.12 million generated in September.

With players’ winnings totaling $591.34 million in October, operators brought in $55.59 million adjusted gross event wagering receipts. That was a decrease from the $59.7 million gaming revenue Arizona generated in September.

Arizona October sports betting by the numbers

For the first time in a while, DraftKings took the No.1 spot for both handle and gross revenue. According to the ADG’s October 2023 revenue report, these are the top online sportsbooks in Arizona during the month:

  1. DraftKings: $220.62 million handle and $12.75 million in revenue
  2. FanDuel: $220.30 million online handle and $11.59 million in revenue
  3. BetMGM: $90.50 million in online sports bets and $5.38 million in revenue
  4. Caesars Sportsbook: $59.10 million handle and $1.82 million in revenue
  5. Penn Sports (Barstool Sportsbook): $13.87 million handle and $376,462.21 in revenue

Meanwhile, FanDuel was the best-performing Arizona retail operator in October, with revenue of $2.13 million.

With a 10% tax rate on AGR, Arizona sports betting operators spent almost $3.29 million on privilege fees.

Katarina Vojvodic Avatar
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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.

View all posts by 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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