Arizona sports betting launched at midnight on Sept. 9, 2021, and quickly became the fifth largest sports betting market for the final quarter of the year. In the first few months, Arizona reported $161 million in sports betting revenue with a handle of $1.74 billion.
The American Gaming Association’s State of the States’ Annual Analysis for 2021 was recently released and confirmed these numbers along with the rapid success of Arizona sports betting.
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The Rise Of Arizona Sports Betting
When the state’s sports betting law passed in April 2021, 20 sports betting licenses were allowed for betting platforms to partner with a professional sports team, professional sports facility, or a federally recognized Indian tribe to offer sports betting in Arizona. All online and retail sportsbooks are regulated by the Arizona Department of Gaming.
At the launch of Arizona sports betting in September 2021, only a handful of sports betting apps went live and there were even fewer retail sportsbooks. When sports betting launched, Arizona offered fewer than 10 sports betting apps.
Thanks to the success and growth of sports betting in the state, Arizona is now home to 18 sports betting mobile apps, and retail sportsbooks continue to open across the state.
Arizona sports betting started to set records just months after its launch. In January the Arizona sports betting handle posted a monthly record of $563.7 million. That was a 12.9% increase from the December 2021 handle, which also set a record for monthly record of $499.2 million.
January statistics made Arizona the ninth state to record a monthly sports betting handle of at least half-a-billion dollars. In the first six months of legalized Arizona sports betting, retail sportsbooks have generated $225 million, with $24 million in February alone.
What’s Next For Arizona Sports Betting
The good news for the state is that there is no sign of sports betting slowing down. Arizona has only seen one season of professional and collegiate football with legalized sports betting. If the state doesn’t see a big Q2, the numbers should rise again when football starts back up.
Plus, the Super Bowl will be held in Arizona in 2023 and it will take place at the same time the Waste Management Phoenix Open will be here. Arizona can expect a big jump in sports betting numbers around that time.
More sportsbooks are expected to open across the state, including a BetMGM sportsbook at State Farm Stadium, home of the Arizona Cardinals. The state-of-the-art sportsbook is on track to open just in time for the Cardinals’ home opener against the Kansas City Chiefs.
Chase Field, home of the Arizona Diamondbacks, will also have an upscale Caesars sportsbook that is in the works. A DraftKings sportsbook is currently being built at TPC Scottsdale and is expected to open in the fall of 2023.