By Christopher Boan | | 3 mins
February’s Arizona Sports Betting Handle, Taxes See Sizable Drops From January
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The second month of the year saw a sizable decline in Arizona sports betting revenues, with a handle of $491.6 million and $6.8 million in gross wagering receipts.
The former represents a 12.8% decrease from January’s record-breaking handle of $563.695 million, while February’s revenue figure decreased by more than 60% from January’s total of $19.622 million.
Ted Vogt, the Arizona Department of Gaming’s director, said in a department press release that February’s totals, while lower than January’s, still show how strong the market is.
“Event wagering levels continue to indicate a strong market in Arizona,” Vogt said in the press release. “While there was a small decline in wagering activity, the state maintained a strong national presence in a traditionally slower month of sports wagering.”
Arizona Sports Betting, February vs. January
FanDuel Takes No. 1 Spot in February
For the first time since September, an operator besides DraftKings Sportsbook Arizona took the No. 1 spot in terms of wagers handled.
FanDuel Sportsbook Arizona managed to one-up their digital sports betting rivals, raking in $142.445 million in handle during February, while DraftKings Sportsbook Arizona took in $131.653 million.
In total, DraftKings Sportsbook Arizona has now brought in $864.616 million in wagers since launching Sept. 9, which ranks No. 1 overall — ahead of FanDuel Sportsbook, which has seen $707.959 million in handle since September’s launch.
In February, the No. 3 operator was BetMGM Arizona, which saw $99.840 million in handle, followed by Caesars Sportsbook Arizona ($78.443 million), Barstool Sports ($17.916 million), WynnBET Arizona ($8.845 million), Rush Street Interactive ($4.570 million), and TwinSpires Arizona ($1.205 million).
The other operators were all below $1 million in handle, including Fubo Sportsbook ($895,231.94), and Unibet Arizona ($810,458.50).
In terms of retail sportsbook wagering, FanDuel Sportsbook’s Footprint Center location led the way at $2.774 million, followed by Caesars Sportsbook Arizona ($580,125.65). Caesars is expected to soon open its permanent location at Chase Field.
Arizona sports betting operators paid a total of $604,825.17 in taxes during the month of February, down 64.4% from January’s haul of $1.7 million.
Where Arizona’s February Sports Betting Ranks Nationally
Arizona’s February sports betting haul ranks sixth nationally, between Pennsylvania ($597 million) and Colorado ($440.5 million).
The Grand Canyon State finished February ahead of Michigan ($423.7 million), Indiana ($409.1 million) and Virginia ($401.8 million), but behind New York ($1.5 billion), New Jersey ($985.5 million), Nevada ($780.7 million), Illinois ($679.3 million), and Pennsylvania ($597 million).