Arizona Sports Betting Continues Maturing With $500M April Handle

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Arizona sports betting

Arizona sports betting continues to establish itself as a top legal US market.

Arizona sportsbooks handled nearly $512.9 million in wagers during April, according to an Arizona Department of Gaming report released Tuesday. The April total was a decrease of 25.8% from March’s record of $691 million.

With every legal US sports betting market reporting for April, Arizona turned in the sixth-largest handle during the month. Arizona is still a young market, as it launched in September 2021.

“Event wagering levels continue to look strong in Arizona, with over half a billion dollars wagered during April,” ADG Director Ted Vogt said in a release. “I am excited to see how the state closes out its first year of legal event wagering in the coming months.”

Arizona sports betting revenue stays steady

Sportsbooks held 5.7% for $29.2 million in adjusted gross sports betting revenue in April. That is a 21.5% decrease from the $37.2 million in March sports betting revenue and 43.2% down from the revenue record of $51.4 million in November 2021.

Operators deducted $12.7 million in promotions, leading to a taxable revenue of $16.5 million. With promotional deductions, just seven of the 18 sportsbooks in Arizona turned in taxable revenue totals. Four operators saw losses before any deductions.

The state collected $1.6 million in taxes.

DraftKings tops Arizona sports betting handle

Mobile sports betting accounted for $509.5 million, or 99.3% of the overall handle. DraftKings continues to pace Arizona sportsbooks, taking $155.9 million in wagers during April.

FanDuel was a close second, handling $149.8 million in online bets. FanDuel led the way in revenue, accounting for 55% of mobile revenue by generating $16.5 million, an 11% hold.

BetMGM was the only other operator to hit nine figures, taking $100.6 million in bets.

OperatorOnline HandleOnline RevenueHoldMarket Share
DraftKings$155.9 million$1.9 million1.2%31%
FanDuel$149.8 million$16.5 million11%29%
BetMGM$100.6 million$8.0 million7.9%20%
Caesars$62.3 million$1.8 million3%12%
Barstool$16.8 million$586,2123.5%3%
WynnBet$9.9 million$603,8246.1%2%
BetRivers$6.2 million$308,1795%1%
SuperBook$1.9 million$147,3247.6%<1%
Betfred$1.8 million$240,56613.6%<1%
Desert Diamond$1.1 million(-$42,064)<1%
Hard Rock$876,932$12,3971.4%<1%
Golden Nugget$47,364(-$130)<1%
Bally Bet$19,422(-$10,757)<1%

Arizona retail sportsbooks opening

FanDuel also continues to lead the way among retail sportsbooks in Arizona. The retail sportsbook at the Footprint Center took $2.7 million in wagers during April.

The Caesars Sportsbook at Chase Field handled $668,366 during April. Caesars opened its permanent retail sportsbook at Chase Field in June.

April was also the first month to report numbers for limited event wagering operators, which are retail sportsbooks at racetracks and off-track betting facilities. Turf Paradise turned in $26,046 in bets during April at its Unibet sportsbook.

Arizona cementing top status

Not even a year into its sports betting journey and Arizona has regularly surpassed multiple mature markets in monthly handle. In April, Arizona turned in the sixth-highest handle among US sports betting markets.

The market was No. 6 in February and March, as well.

The top 10 US sports betting markets by handle in April 2022 are:

  1. New York$1.4 billion
  2. New Jersey$926.9 million
  3. Illinois $839.4 million
  4. Nevada$589.4 million
  5. Pennsylvania$572.8 million
  6. Arizona – $512.9 million
  7. Virginia$399.5 million
  8. Michigan $396.0 million
  9. Colorado$392.3 million
  10. Indiana $360.0 million