While Arizona sports betting handle slid a bit in its third month, sportsbook revenue increased.
In November 2021, Arizona sportsbooks handled $466.7 million in bets, according to a report from the Arizona Department of Gaming. The figure comes after a $291.2 million handle in its debut month of September and $486.1 million in October.
“Arizona has exceeded expectations and is already a top ten market nationally,” ADG Director Ted Vogt said in a statement. “Revenue from these new games is strong and will only get stronger as the market develops.”
Arizona sports betting taxes still suffer promo bite
Arizona sportsbooks generated $51.4 million in gross revenue, an 11% hold. Operators dished out $18.4 million in free bets and promo credits during the month, bringing the adjusted revenue to $31.9 million after allowable deductions.
The state collected $3.2 million in taxes. While low, the tax total is a marked improvement from the roughly $1 million collected in total from the first two months.
Operators generated $31.2 million and $36.3 million in sports betting revenue in September and October, respectively, but deducted more than $57 million in promotional spending.
DraftKings stays ahead in AZ
Online sports betting accounted for 98.4% of overall handle, or $459.3 million. DraftKings Sportsbook commanded 32.6% of the online market, handling $148.7 million in wagers.
FanDuel Sportsbook was a distant second with $113.3 million in online bets, or 24.7% of the online market share. FanDuel also took $4.7 million in retail bets at its sportsbook attached to the Footprint Center in downtown Phoenix.
BetMGM was third in the online market with $93.2 million in bets. Caesars Sportsbook was a solid fourth in the market with $63.5 million in online bets, while also taking $2.8 million at its retail sportsbook at Chase Field — one of two commercial retail books open.
|Sportsbook||Handle||Revenue||Hold||Online Market Share|
|DraftKings||$148.7 million||$12.9 million||8.7%||32.4%|
|FanDuel||$118.0 million||$16.3 million||13.8%||24.7%|
|BetMGM||$93.2 million||$9.7 million||10.4%||20.3%|
|Caesars||$66.2 million||$7.6 million||11.4%||13.9%|
|Barstool||$17.8 million||$2.2 million||12.4%||3.9%|
|WynnBet||$17.8 million||$2.1 million||11.8%||3.9%|
Operators still coming online
Four new AZ sportsbooks have debuted their apps in Arizona in the past two months.