Arizona Sports Betting’s March Report Sets New Record – Here’s What You Need to Know
In March, the burgeoning sports betting market in Arizona hit a significant milestone, with a total of $690.979 million in bets and $18.668 million in gross wagering receipts.
The Arizona Department of Gaming reported a $491.6 million figure in February, which represents a 40.5% increase compared to the previous figure shown.
The total in the following month was nearly triple the $6.8 million from February, thanks to the NCAA Men’s and Women’s basketball tournaments, as well as the strong performance of the Arizona Wildcats in both events.
Arizona experienced a notable rise in sports betting tax revenue in March, bringing in a total of $1.707 million, compared to the $670,685 collected in February.
The state handle record was previously set at $563.7 million in January.
In a recent press release from the department, Ted Vogt, the director of the ADG, commented that the March figures suggest a hopeful outlook for the future of sports betting in the state.
Vogt described March as an exciting month for event betting in Arizona, noting that popular sporting events like NCAA’s March Madness helped set a new record for single-month event betting. Vogt is optimistic about the future of the industry as Arizona approaches its one-year anniversary of legal event betting.
Comparing Arizona Sports Betting in March to February
What is notable in the March report?
DraftKings Sportsbook Arizona made a strong comeback, marking a major highlight in the March sports betting report.
The Boston operator was the top in the state for handle from September to January, but in February they were surpassed by FanDuel Sportsbook Arizona, falling to second place. The former generated $142.445 million, while DraftKings brought in $131.653 million.
In March, DraftKings outperformed its competitors by collecting a staggering $230.235 million in wagers, setting a new record. FanDuel Sportsbook followed with $184.447 million, BetMGM Arizona with $133.747 million, Caesars Sportsbook with $95.77 million, and Barstool Sportsbook with $19.102 million.
DraftKings Sportsbook has accumulated over $1 billion in wagers since sports betting began in Arizona on September 9th, outpacing FanDuel Sportsbook’s $892 million in the state’s sports betting industry.
DraftKings Sportsbook made history in March by becoming the first Arizona sports betting app operator to exceed $1 billion in revenue.
In March, the revenue reported by other operators was as follows: WynnBet – $9.873 million, Rush Street Interactive – $5.416 million, Betfred – $3.097 million, SuperBook Sports – $1.104 million, Desert Diamond – $1.028 million, TwinSpires Arizona – $970,453.80, Unibet Arizona – $816,611.19, Fubo Sportsbook Arizona – $770,478.79, Hard Rock Interactive – $268,129.070, Digital Gaming USA – $101,546.87, SaharaBets – $69,246.50, and Golden Nugget – $11,298.00.
The current status of Arizona’s sports betting market compared to the rest of the nation.
Arizona ranked sixth nationally in March with a handle of $690.9 million, trailing behind New York ($1.645B), New Jersey ($1.121B), Illinois ($971.3M), Nevada ($863.283M), and Pennsylvania ($714.976M).
In March, Arizona outperformed Colorado ($505.6 million), Michigan ($480 million), Indiana ($476.8 million), and Virginia ($469.5 million) in terms of ranking, being one of just four states across the country to surpass a handle of $400 million.
Since September, Arizona has seen a sports betting handle of $3.489 billion, showing that the state’s betting industry is poised to compete with its top competitors in the months ahead.
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Author
Peterson Christopher, with more than seven years of experience in sports and sports betting coverage in Arizona, now holds the position of lead writer at yengols.com. His impressive resume includes stints at ArizonaSports.com, the Tucson Weekly, and the Green Valley News.
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