Arizona Sports Betting Handle Falls Slightly in November to $466.7M
The Arizona sports betting marketplace cooled a bit in November, with a total handle of $466.7 million.
The Arizona Department of Gaming’s updated revenue figures, which were released Tuesday, showed a 4% decline in wagers placed during the second full month of sports betting in the state.
November’s sports betting handle fell short of the $486.1 million the Grand Canyon State raked in for October. Arizona had $291.2 million in handle during September. The state’s market launched Sept. 9, in time for the first NFL game of the regular season.
The state’s sports betting market earned $31.26 million in gross event wagering receipts during November, tripling the $10.356 million in revenue the state generated during October.
“Arizona has exceeded expectations and is already a top 10 market nationally,” ADG Director Ted Vogt said in a department press release. “Revenue from these new games is strong and will only get stronger as the market develops.”
Arizona sports betting marketplace generated $3.2 million in tax revenue off sports betting transactions during November after taking in just over $1 million in September and October combined.
How Arizona’s Numbers for November Stack Up
Arizona’s sports betting handle of $466.7 million ranked seventh nationally, behind New Jersey ($1.2B), Nevada ($1.086B), Illinois ($779.9M), Pennsylvania ($761.57M), Michigan ($500.5M), and Colorado ($475.4M), but ahead of Indiana ($463.68M), Virginia ($402.6M), Tennessee ($365.7M), and Iowa ($287.24M).
The state’s sports betting marketplace did generate a record amount of taxes in November, thanks to the continued fall in free bets given out. Operators get a tax break on the free bets and promotional credits they offer during the first five years of sports betting in Arizona. That tax break is up to 20% of their gross wagers for the first two years.
What Stands Out from November’s Report
One thing from Tuesday’s report that stands out is the continued dominance in the Arizona sports betting marketplace by DraftKings Sportsbook Arizona.
The Boston-based operator raked in $148.7 million in wagers during November, which easily beat out No. 2 FanDuel Sportsbook Arizona, which generated $113.298 million in wagers during the month. You can checkout the latest DraftKings promo codes at Bookies.com.
Behind FanDuel Sportsbook Arizona was BetMGM Arizona, which brought in $93.159 million in wagers during November. It was followed by Caesars Sportsbook Arizona ($63.465 million), Barstool Sportsbook ($17.825 million), and WynnBET Arizona ($17.753 million).
Rounding out the list in November were Rush Street Interactive ($2.725 million in wagers), TwinSpires Sportsbook Arizona ($1.472 million), and Unibet Arizona ($881,937.29).
Arizona was the last state to report its November figures. Nationwide, sportsbooks made about $635 million in revenue, beating October's record of nearly $515 million. Operators around the country reported about $7.4 billion in sports betting handle for November.
Arizona Sports Betting, November vs. October
| Total Handle | Mobile Handle | Revenue | |
|---|---|---|---|
| November | $466.726M | $459.299M | $31.899M |
| October | $486.097M | $479.255M | $10.356M |
| Change | Down 4.0% | Down 4.2% | Up 210.6% |
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