Arizona Sports Betting Takes Significant Dip In June

Written By Pat Evans on August 31, 2022
Arizona sports betting revenue

Arizona sports betting turned in an underwhelming month with sports scheduled slogging through June.

Arizona sportsbooks reported $319 million in June wagers, according to an Arizona Department of Gaming release Tuesday. Similar to much of the rest of the year, Arizona sports betting handle stayed sixth among US sports betting markets.

While it stayed in a similar national position, it was a 31% drop from its May handle. The national trend was approximately an 18% month-over-month dip.

“Despite June being a historically slower month for sports betting, Arizona figures were strong nationally,” ADG Director Ted Vogt said in the release. “Arizona operators contributed over $750,000 in privilege fees during June, resulting in nearly $17 million in privilege fees since the start of legal operations in September 2021.”

AZ sports betting revenue struggles

Arizona sportsbooks generated $12.6 million in sports betting revenue during June, a 4% hold.

It is the lowest revenue since Arizona sports betting launched in September 2021. The next lowest was $29.2 million in April, a 5.7% hold.

The state collected $761,801 in taxes.

FanDuel dominates online AZ sports betting

Online betting made up 99% of the overall handle, or nearly $316 millionFanDuel Sportsbook was the only operator to take more than $100 million in online bets, with nearly $104 million, or 32.9% of the market.

DraftKings Sportsbook was the No. 2 sportsbook in June, taking $92.8 million in wagers. FanDuel held 7.3% for $7.6 million in sports betting revenue, while DraftKings reported a $3.2 million loss.

BetMGM was a distant third in the market, taking $59.7 million in bets and generating $5.4 million in revenue, a 9% hold.

Major retail sportsbooks opening

FanDuel’s sportsbook at the Footprint Center continues to pace the state’s retail sportsbooks, taking $2.3 million in wagers. That sportsbook has been open since the market debuted last September.

The permanent Caesars Sportsbook at Chase Field opened in late June. It took $331,583 in bets.

This NFL season, the BetMGM Sportsbook at State Farm Stadium is slated to open.

Limited retail Arizona sportsbooks coming online

There were ten active limited event wagering operators during June as nine new retail sportsbooks launched. The limited event wagering can partner with the 20 main licenses to offer retail sports betting.

Turf Paradise led the way with $123,122 in wagers during June, its second month of operation.

The other nine facilities all took $20,000 or less in bets. The 10 altogether took $177,722.

Photo by Godofredo A. Vásquez / The Associated Press
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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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