Arizona Sports Betting Handle nears $500 Million in December, Sets State Record
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The final month of 2021 was a record one for the Arizona sports betting community, with a handle of $499.2 million.
The December handle broke the previous record of $486.1 million in October and dwarfed the $466.7 million in wagers from November.
Arizona’s sports betting network raked $38.596 million in revenue during December, though after factoring in promotional credits the adjusted revenue was $17.282 million. Taxes fell month-over-month, from $3.2 million in November to $1.7 million.
Arizona Department of Gaming Director Ted Vogt said December’s numbers illustrate the state’s strong sports betting market, giving operators a taste of what’s to come in the new year.
“With a new record for total wagers and payouts this December, I am excited to see the continued strong start to the state’s event wagering & fantasy sports market,” Vogt said in a department press release. “I look forward to seeing the benefits to Arizona as the market further develops.”
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Arizona Sports Betting, December vs. November
| Total Handle | Mobile Handle | Revenue | |
|---|---|---|---|
| December | $499.214M | $494.488M | $17.282M |
| November | $466.726M | $459.299M | $31.899M |
| Change | Up 7.0% | Up 7.7% | Down 45.8% |
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Where Arizona Ranked Nationally in December
Arizona’s $499.2 million handle in December ranked sixth nationally, behind New Jersey ($1.23 billion), Nevada ($1.1 billion), Illinois ($789.6 million), Pennsylvania ($750 million) and Michigan ($514.6 million).
The Grand Canyon State ranked ahead of Indiana ($463 million), Colorado ($461 million), and Virginia ($426.6 million), which were the only other states to exceed $400 million in handle during the month.
When January numbers are reported, Arizona will slip at least one spot, as New York did $1.686 billion in handle for the month — its first with mobile sports betting.
To date, Arizona’s sports betting marketplace has raked in north of $1.7 billion in wagers since launching Sept. 9. Big events like the NFL playoffs/Super Bowl and March Madness are expected to help drive the market’s revenue totals in 2022.
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