By Christopher Boan | | 4 mins
Arizona Sports Betting Handle Tops Half-A-Billion Dollars in January
The first month of the year was a record-breaking one for Arizona sports betting with a new record for total handle and mobile handle in the state.
The state raked in $563.694 million in sports betting handle, alsmost all of it ($558.7 million) coming from mobile wagers, according to numbers released Friday by the Arizona Department of Gaming.
The handle figure represents a 12.9% increase from December’s total of $499.2 million. The mobile handle rose 13.0%.
The state had $19.622 million in revenue for January, up 13.5% from the $17.2 million in December.
January’s sums represented a second consecutive month of growth in wagers, after falling from $486.1 million in October to $466.7 million in November.
As far as taxes, the state raked in $1.953 million during January, 13.3% higher than December ($1.724 million).
Arizona Department of Gaming Director Ted Vogt called the state’s jump in revenue during January a sign of progress for the state’s fledgling sports betting marketplace, pointing to bigger and better things with revenues from the Super Bowl and March Madness still to be reported.
“With over half a billion dollars wagered in January, it is clear that Arizona has become a top ten event wagering market nationally,” Vogt said in the department’s press release. “A big thank you to Arizona Department of Gaming Staff and event wagering & fantasy sports stakeholders, whose work has contributed to the strong start in the state.”
Arizona Sports Betting, January vs. December
|Total Handle||Mobile Handle||Revenue|
|Change||Up 12.9%||Up 13.0%||Up 13.5%|
DraftKings Once Again Leads the Pack
In what’s becoming a monthly trend, DraftKings Sportsbook led the state in sports betting handle during January, raking in $173.086 million during the month.
The Boston-based operator has been the leading revenue generator among the 18 operators that have launched in the state, raking in $732.963 million during their first five months of operation.
The folks at FanDuel Sportsbook Arizona finished January with the second-highest handle, at $149.903 million (mobile only), followed by BetMGM Arizona ($120.046 million), Caesars Sportsbook Arizona ($72.415 million in mobile), and Barstool Sports ($21.415 million).
Rounding out the list in the Grand Canyon state were WynnBET Arizona ($12.784 million), TwinSpires Arizona ($2.145 million), SuperBook Arizona ($1.015 million), Unibet Arizona ($529,019.66), Fubo Sportsbook Arizona ($453,211.49) and SaharaBets ($62,805.97).
What to Watch For in Arizona Moving Forward
It’ll be interesting to keep an eye on the 48th State in the months ahead, with the results of Super Bowl LVII and March Madness still to come.
Whether Arizona can match Big Game betting levels in other markets, such as Illinois ($60 million), will be an interesting development to watch. Despite the impact of the Super Bowl, February has been a down month in handle across the country so far, with states like New York, Nevada and Michigan dropping 20% or more from January. Will Arizona follow suit?
But having the University of Arizona in the men's and women's NCAA Basketball Tournaments and the Phoenix Suns leading the NBA should bolster returns when March numbers are released.
For now, Arizona can hang its hat on a historic start to 2022, setting the bar for the Grand Canyon State in its first full year of sports betting.