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.
|Operator||Online Handle||Online Revenue||Hold||Market Share|
|FanDuel||$148.7 million||$24 million||16.1%||32.6%|
|DraftKings||$141.1 million||$14.3 million||10.1%||30.9%|
|BetMGM||$84.2 million||$10 million||11.9%||18.4%|
|Caesars||$47.5 million||$3.5 million||7.4%||10.4%|
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:
- New York sports betting: $1.3 billion
- New Jersey sports betting: $766.4 million
- Illinois sports betting: $764.6 million
- Nevada sports betting: $561.3 million
- Pennsylvania sports betting: $493.4 million
No other state turned in handle of more than $400 million during May.