The April figures represent a 16.8% decrease from March’s handle of $645 million, but it is still the third-highest monthly handle in Arizona’s history.
In terms of revenue, Arizona sportsbooks generated $30.4 million in adjusted revenue for April. This is the second-highest monthly revenue total in Arizona history, behind only March’s revenue of $42.8 million.
The April revenue was driven by strong performances from several of the state’s top sportsbooks. FanDuel Arizona led the way with $14.4 million in taxable revenue, followed by DraftKings Arizona ($10.3 million) and BetMGM Arizona ($4.3 million).
With the April numbers, Arizona sportsbooks have now generated over $10.1 billion in handle since the state launched legalized sports wagering in September 2021. The state has also generated over $46.5 million in tax revenue during that time.
The Arizona Department of Gaming expects sports betting in AZ to grow in the coming years. The state just reached $10 billion dollars in its first 20 months, and as more and more people become interested in sports betting, Arizona is likely to see even more growth in its sports betting market.
Here are some additional details about the April sports betting numbers in Arizona:
The top five mobile sportsbooks by handle in April were:
- FanDuel Sportsbook: $212.9 million
- DraftKings: $148.6 million
- BetMGM: $72.3 million
- Caesars Sportsbook: $49.9 million
- Barstool Sportsbook: $12.4 million
The top five mobile sportsbooks by adjusted revenue in April were:
- FanDuel Sportsbook: $16.4 million
- BetMGM: $4.3 million
- DraftKings: $10.3 million
- Caesars Sportsbook: $1.3 million
- Desert Diamond Mobile: $ 684,443.19
The top five mobile sportsbooks offering free promotions in April were:
- FanDuel Sportsbook: $4.8 million
- DraftKings: $3.15 million
- BetMGM: $3.14 million
- Caesars: $967,752.48
- Desert Diamond Mobile: $639,390.03
BetFred, Golden Nugget, and Rush Street Interactive (RSI) were the only online sportsbooks operating in the red.
The three retail betting shops reported April’s $3.6 million betting handle. FanDuel topped the state with $1.8 million, down 21.7% from a month ago. Caesars accepted $940,756.68 in wagers, and BetMGM took in $885,388.25 worth of bets from Arizonans during April.
Finally, when all was said and done, the 17 online and retail sportsbook operators paid $3.4 million in gambling taxes. Arizona has earned an additional $46.5 million in revenue since sports betting became legal in September 2021.