February’s Arizona sports betting report shows a decrease in taxes collected, with FanDuel leading in betting handle.
Arizona’s sports betting revenue in February saw a notable drop from the previous month, following a similar pattern seen in betting activities nationwide.
In February, the handle totaled $491.7 million, marking a 12.8% decrease from the previous record of $563.694 million in January. Revenue also saw a significant drop of over 60%, falling from $19.622 million in January to an undisclosed amount in February.
In September, Arizona collected just $31,393 in taxes, marking the second lowest monthly total since the start of betting. The state has collected a total of $670,685 in taxes overall.
According to Director Ted Vogt of the Arizona Department of Gaming, while February’s numbers were lower than January’s, they still show the market’s resilience.
“In Arizona, event wagering levels continue to be robust,” said Vogt in the press release. “Despite a slight dip in wagering activity, the state maintained a strong national presence during a traditionally quieter month for sports betting.”
Comparing Arizona Sports Betting in February to January
FanDuel has displaced another popular mobile app from its top position.
The biggest surprise in the ADG’s sports betting report for February was the person who gathered the largest sum of bets.
FanDuel Sportsbook Arizona has taken the lead in terms of the highest handle in Arizona sports betting, becoming the first operator other than DraftKings Sportsbook Arizona to achieve this since the launch on Sept. 9.
In February, FanDuel Sportsbook Arizona had a total handle of $142.4 million, while DraftKings Sportsbook Arizona had a total handle of $131.6 million.
DraftKings Sportsbook Arizona has taken the lead in total wagers since its launch on September 9, with $864.616 million in handle, surpassing FanDuel Sportsbook’s $707.959 million.
In February, BetMGM Arizona ranked third in terms of revenue, generating a handle of $99.840 million. The following operators were Caesars Sportsbook Arizona with $78.443 million, Barstool Sports with $17.916 million, WynnBET Arizona with $8.845 million, Rush Street Interactive with $4.570 million, and TwinSpires Arizona with $1.205 million.
Currently, BetMGM Arizona has accumulated $467.97 million in bets since September, ranking them third overall. In comparison, Caesars Sportsbook has reported a handle of $399.559 million since Sept. 9.
Fubo Sportsbook and Unibet Arizona both had handles just under $1 million, with Fubo Sportsbook at $895,231.94 and Unibet Arizona at $810,458.50.
The top retail sportsbook location was FanDuel Sportsbook at the Footprint Center, which generated $2.774 million in wagers. Following closely behind was Caesars temporary sportsbook at Chase Field, with $580,125.65 in wagers.
The national ranking of Arizona’s February placement.
Arizona betting apps ranked sixth nationally in February for handle, coming in between Pennsylvania with $597 million and Colorado with $440.5 million.
Arizona exceeded the revenues of Michigan, Indiana, and Virginia, but did not reach the levels of New York, New Jersey, Nevada, Illinois, and Pennsylvania.
The Arizona Wildcats reaching the Sweet 16 in March is likely to lead to a notable surge in betting activity in the state, following the pattern seen in other states that have already reported increased betting totals for the month.
Arizona’s sports betting market remains a significant force in the industry, showing impressive performance eight months after its launch.
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Author
Peterson Christopher, who has spent more than seven years reporting on sports and sports betting in Arizona for various publications including ArizonaSports.com, the Tucson Weekly, and the Green Valley News, is now the head writer at yengols.com.
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