After 25 months of offering legal sports betting, Arizona became the ninth US gambling state to surpass the $1 billion mark in sports betting revenue. Arizona is the fastest to reach that milestone, beating Illinois, which held the previous record at 27 months.
Moreover, the Arizona Department of Gaming (ADG) reported the state generated a staggering $59.65 million in revenue for September, resulting from a $610.72 million handle (total bets), the highest monthly total since March.
Arizona sports betting revenue nearly $60M in September
Out of the total bets collected throughout September, Arizona players gambled:
- $545.74 million using 17 online sportsbooks
- $3.56 million at three retail operators
The $610.72 million handle represents a 70.17% monthly increase from Arizona’s handle in August of $358.88 million. The number is also a 13.52% yearly growth compared to September 2022’s $537.97 million.
Arizona gaming revenue (calculated as total bets minus payouts and minus federal excise tax) also significantly improved. So, after paying players $550.60 million in winnings, Arizona sportsbooks made $59.65 million in revenue. The figure represents a 93.11% monthly increase and an 8.11% yearly rise.
The state collected nearly $3.24 million in privilege fees throughout the month, showing a 50.40% monthly growth and a 6.03% yearly increase.
DraftKings remains the top online sportsbook in AZ
DraftKings is once again the most successful online sportsbook operator in terms of a betting handle, generating $218.03 million in total bets and $20.36 million in revenue.
Despite having the best monthly revenue ($22.27 million), FanDuel is the second-best operating, generating $179.18 million in total bets.
BetMGM comes next with $89.94 million in betting handle and $9.66 million in revenue.
Of the 17 online sportsbook sites, 14 showed revenue profits during September, while all 17 reported increases in total bets.
Arizona sports betting handle ranks sixth in the US
Arizona sports betting handle has traditionally been among the country’s top 10, and September was no exception.
According to the ADG’s September 2023 revenue report, Arizona was the sixth best in total bets collected and here’s how it compared to the other successful states:
- New York: $1.77 billion
- New Jersey: $1.30 billion
- Nevada: $811.35 million
- Pennsylvania: $726.26 million
- Ohio: $685.67 million
- Arizona: $610.72 million
- Virginia: $520.30 million
- Massachusetts: $519.76 million
- Colorado: $512.79 million
- Michigan: $457.70 million