During October, Arizona sportsbooks recorded the second-highest handle in state history.
Arizona sportsbooks had a successful month in October, with the second-highest handle in state history.
The state’s 18 mobile sportsbooks and 13 retail locations raked in a total of $618.57 million in wagers for the month, demonstrating a 15% rise from the previous month’s revenue of $537.99 million. This also represented a 27.3% increase from October 2021’s revenue of $486.097 million.
Revenue and taxes for Arizona betting apps experienced a slight decline in October compared to September, with figures dropping from $30.718 million and $3.058 million to $29.708 million and $2.963 million, respectively.
A decrease in net revenue led to a decline in revenue and taxes from betting, with October’s total dropping to $48.094 million from $44.178 million in September.
October had the state’s second highest handle in history, only slightly behind March’s total of $690.979 million.
Ted Vogt, the director of the Arizona Department of Gaming, announced in a press release that the state’s sports betting industry is experiencing steady growth. In October 2022 alone, there was a substantial increase of over $132 million in wagers compared to the previous year. Vogt is looking forward to the potential impact of upcoming major sports events such as Super Bowl LVII and the Phoenix Waste Management Open on Arizona’s sports betting industry in the coming months.
Comparison between Arizona sports betting in October and September.
Looking for the best Arizona sports betting promo codes? Make sure to regularly visit yengols.com for the most current deals.
Key points from Arizona’s October report
October was a successful month for the top sportsbooks in Arizona, as DraftKings Sportsbook Arizona, FanDuel Sportsbook Arizona, BetMGM Arizona, and Caesars Sportsbook Arizona all experienced growth in their monthly handle.
In October, DraftKings continued its dominance in Arizona by securing the top position on the leaderboard for the 10th time in the last 14 months. The company reported a handle of $214.693 million for the month.
In October, FanDuel Sportsbook Arizona dominated with $194.157 million in wagers, followed by BetMGM Sportsbook Arizona at $93.974 million and Caesars Sportsbook at $57.158 million.
After Arizona’s leading sportsbooks, Barstool Sportsbook came in fifth with $17.534 million in revenue, followed by WynnBET with $8.368 million, Hard Rock Interactive with $6.148 million, and Rush Street Interactive with $6.034 million.
The Arizona sportsbooks included Desert Diamond Arizona, which made $4.99 million, SuperBook Sports Arizona, which made $3.385 million, and BetFred Arizona, which brought in $2.455 million.
The list for October was finalized by Digital Gaming Arizona leading with $780,437, followed by Unibet with $730,382, Fubo Sportsbook with $320,948, BallyBet Arizona with $255,861, SaharaBets with $155,556, Golden Nugget Arizona with $150,767, and TwinSpires Arizona with $87,485.
In mid-October, Fubo Sportsbook ceased its operations.
How does Arizona’s October betting performance compare to the rest of the nation?
In October, Arizona placed sixth nationwide in total handle, sandwiched between Pennsylvania with $797,124,732 and Virginia with $528,029,938.
During the month of October, New York, New Jersey, and Illinois all saw their handle exceed $1 billion.
In the period from January 2022 to October, Arizona’s sports betting handle reached $5.339 billion, bringing the state’s total wagering amount to $6.589 billion since its launch in September.
SHARE THIS ARTICLE
Author
Peterson Christopher has over seven years of experience covering sports and sports betting in Arizona, with previous roles at ArizonaSports.com, the Tucson Weekly, and the Green Valley News. He currently holds the position of lead writer at yengols.com.
As stated by leading media sources such as: