Arizona Sports Betting Turns In Top Revenue Figures During May

Written By Pat Evans on July 26, 2022
Arizona sports betting

Arizona turned in record sports betting revenue numbers in May, as the jurisdiction continues its late reporting behind other states.

Arizona sportsbooks generated a state record $55.2 million in sports betting revenue during May, according to an Arizona Department of Gaming report released Friday. That revenue came from a total handle of $461.5 million during the month.

Arizona’s record handle was the nearly $691 million bet during March.

Big month for Arizona sportsbooks

The $55.2 million in sports betting revenue is a 11.9% hold. The previous record revenue was $51.4 million in November 2021, an 11% hold on that month’s $466.7 million handle.

Arizona operators were able to deduct $13.8 million in promotional credits, bringing the taxable revenue to $41.4 million.

The state collected a record $4.1 million in taxes.

FanDuel tops Arizona sports betting chart

Online sports betting accounted for 99% of the overall market with $456.7 million in wagers.

FanDuel Sportsbook claimed the top spot in the market again from DraftKings Sportsbook. DraftKings has led the market in most months since the state launched in September 2021.

FanDuel took $148.7 million in online bets, holding an impressive 16.1% for nearly $24 million in revenue. Meanwhile, DraftKings handled $141.1 million in online bets.

BetMGM, Caesars clear Arizona second tier

Arizona bettors wagered $84.2 million on the online BetMGM Sportsbook, while Caesars Sportsbook took $47.5 million in online wagers.

Barstool Sportsbook was a distant fifth at $14.6 million in online bets.

No other operators cleared the $10 million mark.

OperatorOnline HandleOnline RevenueHoldMarket Share
FanDuel$148.7 million$24 million16.1%32.6%
DraftKings$141.1 million$14.3 million10.1%30.9%
BetMGM$84.2 million$10 million11.9%18.4%
Caesars$47.5 million$3.5 million7.4%10.4%
Barstool$14.6 million$880,3816.0%3.2%
WynnBet$8.9 million$815,9699.2%1.9%
BetRivers$4.2 million$375,8388.9%1%
SuperBook$2.4 million$133,8055.6%<1%
Betfred$1.2 million$123,87510.3%<1%
UniBet$933,691$42,0714.5%<1%
Hard Rock$797,244$30,5823.8%<1%
TwinSpires$647,980$32,4234.9%<1%
Desert Diamond$507,57549,9689.8%<1%
Fubo$449,999$58,85213.1%<1%
Golden Nugget$269,157----<1%
BallyBet$167,362$33,29619.9%<1%
Sahara Bets$72,227$5,3537.4%<1%
Betway$53,525$7,84514.6%<1%

Retail sportsbooks still coming on board

The FanDuel Sportsbook at the Footprint Center handled an additional $3.6 million in bets.

The Caesars Sportsbook at Chase Field opened its permanent location in June. It took $940,588 in its last month at the temporary site.

At SBC Summit North America this month, a NASCAR executive said a Barstool Sportsbook at Phoenix Raceway is still planned. This fall, BetMGM expects to open a retail sportsbook at State Farm Stadium, while DraftKings is planning a sportsbook at TPC Scottsdale next fall.

Arizona climbs national sports betting ladder

Arizona was the last US sports betting market to report its May numbers. With that in mind, it was the fourth consecutive month Arizona landed just outside the top five in handle nationwide.

The top five are as follows:

No other state turned in handle of more than $400 million during May.

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Pat Evans

Pat Evans is a Grand Rapids, Michigan-based reporter covering sports business. Evans previously worked at Front Office Sports and the Grand Rapids Business Journal. He has authored two books: Grand Rapids Beer and Nevada Beer.

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