Desert Diamond, an Arizona-based sports betting operator, handled $103.8 million online in the year’s first four months.
It is the fifth-highest total in the state and worth 4.4% of the AZ sports betting market. The local operator already surpassed its entire year-end handle figure from 2022 ($28.6 million) by 263%, passing more nationally recognized brands like Barstool Sportsbook and BetRivers.
Desert Diamond launched its online sportsbook in February last year. The online sportsbook, as well as its network of casinos, is operated by the Tohono Oʼodham Nation. Desert Diamond did not respond to a request for comment on its recent handle gains.
| Rank | Brand | Online handle | Market share |
|---|---|---|---|
| 1 | FanDuel | $882.2 million | 37% |
| 2 | DraftKings | $650.4 million | 28% |
| 3 | BetMGM | $330.5 million | 14% |
| 4 | Caesars | $218.2 million | 9.2% |
| 5 | Desert Diamond | $103.8 million | 4.4% |
| 6 | Barstool | $75.2 million | 3.2% |
| 7 | BetRivers | $24.1 million | 1% |
April increase in AZ handle, revenue
Overall, Arizona sports betting handle reached $535.7 million in April, a 4.5% increase over the $512.8 million bettors spent in April 2022.
Revenue saw an annual increase as well. Arizona sports betting operators kicked off the year’s second quarter with nearly $48 million in revenue, a 64% increase over the same month last year ($29.2 million.)
According to figures released Thursday by the Arizona Department of Gaming, the Grand Canyon State collected $3.4 million in April sports betting taxes.
AZ sports betting market leaders
In the last 12 months, FanDuel Sportsbook went from finishing about one percentage point behind DraftKings Sportsbook in handle share to now being the clear-cut leader.
FanDuel took in $149.8 million in bets during April 2022, good for 29% of all Arizona sports betting dollars. DraftKings handled 30.4% that month at $155.9 million. DraftKings outpaced its rival in handle between August and November last year, too, which it has not done yet this year.
FanDuel claimed 40% of the market, or $212.9 million, this past April. DraftKings was second with $148.6 million, good for 28% of overall handle.
Who brought in less?
BetMGM share declined 6% in the last year. It handled $73.2 million in April, good for 13.5% of the market. BetMGM had 19.6% of the market one year ago with $100.6 million in handle.
In April 2022, Caesars Sportsbook handled $62.3 million, or 12% of overall handle. This past April, Caesars handled $49.9 million, or 9% of all sports betting dollars in the state.
