In April, Arizona’s sports betting market demonstrated robust growth, recording a handle of $535 million, marking a notable 4.5% increase compared to the same period in 2022. This surge in sports wagering activity solidifies Arizona’s position as the fastest state to surpass $10 billion in sports betting handle.
Handle Breakdown:
Total Handle: The total sports betting handle in Arizona for April reached an impressive $535 million, reflecting the sustained enthusiasm and engagement of sports bettors in the state.
Year-on-Year Growth: The 4.5% year-on-year growth underscores the continuous expansion and popularity of sports betting in Arizona, contributing to the state’s dynamic and evolving gaming landscape.
Digital Dominance:
Online Dominance: A staggering 99% of all bets placed in April were made through online platforms, emphasizing the overwhelming preference for digital sports betting experiences among Arizona residents.
Retail Component: While online betting dominated, retail locations facilitated approximately $4.6 million in bets, highlighting a notable but secondary aspect of sports wagering in the state.
Operator Landscape:
Mobile Sports Betting Operators: Currently, Arizona boasts 17 mobile sports betting operators, offering a diverse range of options for sports enthusiasts to engage with.
Retail Sports Betting Locations: Complementing online offerings, there are 25 retail sports betting locations, providing a well-rounded and accessible sports betting experience for consumers.
Financial Performance:
Gross Revenue: Sportsbook operators reported a commendable $49.2 million in gross revenue before deductions, resulting in a statewide hold of 9.2% for the month of April.
Privilege Fees: The state collected privilege fees exceeding $3.4 million in April alone, contributing to a cumulative total of over $46 million in privilege fees collected since the inception of legal sports betting operations.
Arizona’s sports betting sector continues to thrive, with April’s results showcasing substantial growth in handle and revenue. The overwhelming preference for online sports betting platforms, coupled with a diverse operator landscape, positions Arizona as a key player in the evolving landscape of legal sports wagering. As the market matures, these trends underscore the significance of Arizona’s role in shaping the future of sports betting in the United States.