Arizona Sports Betting Handle Falls Slightly in November to $466.7M
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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.
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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.
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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.
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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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