Arizona sportsbook operators ranked 6th amongst the 36 states and the District of Columbia in betting handle for December, according to Better Collective gaming reporter Chris Altruda.
FINAL Top 10 December 2022 #SportsBetting handles by state:
1 New York $1.63B
2 New Jersey $1.06B
3 Illinois $1.03B
4 Nevada $880.5M
5 Pennsylvania $754.8M
6 Arizona $572.5M
7 Colorado $518.1M
8 Virginia $503.1M
9 Maryland $497.1M
10 Michigan $494.8M#GamblingTwitter— Chris Altruda (@AlTruda73) March 11, 2023
Arizona Has Six Million in December 2022 Betting Handle
The December report wraps up the 2022 state-by-state sports betting reports, and Grand Canyon State bettors staked slightly over $6 million in betting handle in 2022.
FINAL 2022 State-by-State #SportsBetting handle (1/3)
1 New York $16.29B
2 New Jersey $10.94B
3 Illinois $9.75B
4 Nevada ~$8.7B
5 Pennsylvania $7.25B
6 Arizona $6.04B
7 Colorado $5.18B
8 Virginia $4.91B
9 Michigan $4.81B
10 Indiana $4.47B#GamblingTwitter— Chris Altruda (@AlTruda73) March 11, 2023
Arizona Nets $3.9 Million in Tax Revenue in 2022
The Grand Canyon State received $3.9 million in tax revenue from Arizona betting operators in 2022.
FanDuel Leads the Online Proprietors
New York-based sportsbook giant FanDuel led the state’s 17 licensed mobile sports betting operators with a $182 million mobile handle or amount of wagers accepted.
|
Operator |
Handle |
|---|---|
|
Fanduel |
$182 million |
|
DraftKings |
$171 million |
|
Caesars |
$94.2 million |
|
TwinSpires |
$64 million |
|
Barstool |
$20.1 million |
FanDuel Leads in December Mobile Revenue
The 17 Grand Canyon State sportsbook establishments’ December revenue was down slightly from the $38.8 million in November online revenue.
|
Operator |
Revenue |
|---|---|
|
Fanduel |
$20.7 million |
|
DraftKings |
$12.9 million |
|
BetMGM |
$11.3 million |
|
TwinSpires |
$5.1 million |
|
BetWay |
$1.2 million |
Promotional Betting Credits and Free Bets Down Slightly from November
The sportsbooks are allowed to offer AZ betting promos as a way to attract new Arizona sports bettors to their business–December saw the 17 operators shell out $54 million of these wagers, down from the $54.4 million November enticements.
It’s important to note that these free betting credits and bonuses are nontaxable and not included in the final monthly profit.
|
Operator |
Promotional Bets |
|---|---|
|
Caesars |
$6.3 million |
|
FanDuel |
$5.3 million |
|
DraftKings |
$3.3 million |
|
TwinSpires |
$950,156.18 |
|
Barstool |
$324,453.65 |
Retail Sportsbooks See a Rise in December Handle
Arizona’s three brick and mortar shops saw a slight rise from their November, $4.8 million handle, taking in a little over $5 million in total bets. Fanduel was tops in handle, but BetMGM earned the most revenue.
|
Operator |
Handle |
Revenue |
|---|---|---|
|
Fanduel |
$3.3 million |
$61,493.37 |
|
BetMGM |
$924,121.25 |
$110,381.35 |
|
Caesars |
$732,107.22 |
$39,592.80 |
Bright 2023 Ahead for Arizona Sportsbooks
The December 2022 report was a bit disappointing for the sportsbook owners. Still, Grand Canyon State sports bettors and operators alike could see an uptick in the December numbers due to the following past and future sporting events held in Arizona.
Past events that could raise the overall handle include;
- Waste Management Open (February 7-13)
- Super Bowl LVII (February 13)
- World Baseball Classic (March 7-21)
- Cactus League Baseball (February 25-March 29)
Future Events that could raise the Arizona sports betting handle;
- World Baseball Classic (March 7-21)
- NCAA March Madness– (March 14-April 3) Arizona has already punched its ticket to the big dance while Grand Canyon and Arizona State could all see postseason action.
- MLB Season Opener– (March 30) Arizona Diamondbacks open their 2023 campaign.
- NBA Playoffs– (April 11-June 18) Phoenix Suns expected to make a deep playoff run.
FINAL 2022 State-by-State #SportsBetting handle (1/3)
1 New York $16.29B
2 New Jersey $10.94B
3 Illinois $9.75B
4 Nevada ~$8.7B
5 Pennsylvania $7.25B
6 Arizona $6.04B
7 Colorado $5.18B
8 Virginia $4.91B
9 Michigan $4.81B
10 Indiana $4.47B#GamblingTwitter— Chris Altruda (@AlTruda73) March 11, 2023
