The Arizona Department of Gaming has released monthly revenue data for the first two months of sports betting in the state.
According to the data, September saw the state’s eight licensed sports betting operators accept $292.1 million in wagers during the first few weeks of operation. Operators reported 11% hold resulting in gross gaming revenue (GGR) of $32.2 million. Mobile sports betting accounted for 98% of all sports betting activity during the month with the vast majority of wagers being placed on the NFL.
October saw the approval of another license bringing the total to nine licensed operators in the state. October was also the first full calendar month of sports betting as operators reported accepting $486.1 million in wagers throughout the month. This was an increase of 66.4% on the previous month. GGR for the month totaled $37.5 million while mobile sports betting accounted for 98.5% of all activity during the month.
The reports also show that during September, operators returned 100% of GGR in bonuses and promotions. This dropped to around 70% in October.
Over the first two months of operation, DraftKings claimed 32.5% of the overall sports betting handle while FanDuel followed with a 22.7% market share. BetMGM reported a 19.7% share with Caesars following on 14.5%. Penn National’s Barstool sports claimed a 5.1% share of the market while WynnBet followed closely behind with 5%. TwinSpires, Rush Street, and Unibet reported less than 1% each of the overall sports betting handle.
September saw the state collect privilege fees of just $31,393.43 for the month. However, fewer bonuses and promotional credits saw fees rise to $1,022,841.29.
Image credit: Baishampayan Ghose / CC BY-SA 2.0
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.