Arizona sports betting has been a huge success. During the opening weekend of legal Arizona sports betting, the state ranked fourth in the country in transaction volume and saw more than 270,000 new accounts created. Then, it took just three months for total wagers to eclipse the $1 billion mark. Six months after the launch, Arizona bettors wagered nearly $691 million in March 2022, a state record.
The combination of a great sports state and key partnerships between major online sportsbooks and professional organizations ensures growth and success moving forward.
ArizonaCasinos.com projects that at full maturity, mobile sports betting could produce $252 million in annual revenue. Using the minimum tax rate of 8% outlined in the Arizona sports betting bill, that projection would yield $20,160,000 in yearly tax revenue for the state General Fund.
Arizona Sports Betting Revenue Reports
Arizona currently has 17 mobile sports betting apps available, with the potential for 20, giving bettors a selection of online sportsbooks that rivals any other US state. The 20 sports betting licenses awarded by the Arizona Department of Gaming are evenly split between tribal and non-tribal entities, 10 and 10.
The licenses and partnerships allow for both mobile and retail sports betting. FanDuel, for example, offers Arizona bettors its sportsbook app as well as a retail location at the Footprint Center thanks to its partnership with the Phoenix Suns.
Current Arizona Sports Betting Revenue Numbers
The most recent report released by the ADG is for November 2022. Below you’ll see the latest monthly total wager numbers for each Arizona sportsbook as well as the amount of tax revenue created.
| Sportsbook | Online Wagering Receipts | Arizona Tax Revenue |
|---|---|---|
| Bally Bet | $122,227.86 | |
| Barstool | $20,024,987.56 | |
| Betfred | $2,461,438.44 | |
| BetMGM | $93,936,313.91 | |
| BetRivers | $7,321,253.73 | |
| Betway | $644,786.47 | |
| Caesars | $61,739,856.27 | |
| Desert Diamond Sports | $11,019,880.77 | |
| DraftKings | $200,314,573.17 | |
| FanDuel | $193,639,430.64 | |
| Golden Nugget | $88,980.14 | |
| Hard Rock | $6,263,880.65 | |
| SaharaBets | $279,750.09 | |
| SuperBook | $3,614,563.11 | |
| TwinSpires | $269,060.05 | |
| Unibet | $1,193,615.50 | |
| WynnBET | $8,257,924.42 | |
| Totals | $611,192,522.78 | $3,876,207.54 |
Arizona Sports Betting Revenue Overview: November 2022
- An additional $4.8 million in retail wagers were placed at the FanDuel Sportsbook at the Footprint Center, Caesars Sportsbook at Chase Field, and BetMGM Sportsbook at State Farm Stadium.
- Nearly $800,000 in bets were placed at businesses with limited event wagering operator licenses, with Turf Paradise leading the way.
- This resulted in $616 million in total wagers, the third-highest mark for Arizona.
- November 2022 also marked the first time in Arizona history the state had back-to-back months of $600 million plus in total wagers.
- Both DraftKings and FanDuel surpassed $2 billion in total mobile wagers placed since launching in Arizona.
- DraftKings has posted three straight months of at least $200 million in mobile wagers.
- The $3.8 million in tax revenue was the second-most, falling short of the $4.1 million generated in May 2022.
Arizona Sports Betting Totals
With the reports we have to date (September 2021 through November 2022), there has been over $7.1 billion in total wagers placed throughout Arizona. This has generated more than $30.7 million in tax revenue for the state.
Here is a month-by-month look at wagering totals and revenue information for Arizona sports betting.
| Month | Online Wagers | Retail Wagers | Limited Event Wagering Operator | Total Wagers | Tax Revenue |
|---|---|---|---|---|---|
| November 2022 | $611,192,522.78 | $4,868,410.07 | $794,111.97 | $616,855,044.82 | $3,876,207.54 |
| October 2022 | $611,382,496.55 | $6,173,546.22 | $1,014,253.29 | $618,570,296.06 | $2,963,715.79 |
| September 2022 | $533,349,806.89 | $4,025,401.41 | $590,940.31 | $537,966,148.61 | $3,058,838.23 |
| August 2022 | $359,221,542.00 | $1,456,464.23 | $330,828.91 | $361,008,835.14 | $2,767,590.04 |
| July 2022 | $288,262,422.67 | $1,960,198.54 | $288,911.33 | $290,511,532.54 | $1,496,427.48 |
| June 2022 | $315,953,882.93 | $2,642,593.30 | $177,722.11 | $318,774,198.34 | $766,831.47 |
| May 2022 | $456,654,113.80 | $4,582,930.46 | $213,644.00 | $461,450,688.26 | $4,125,125.13 |
| April 2022 | $509,516,671.84 | $3,335,129.38 | $26,046.45 | $512,877,847.67 | $1,647,449.92 |
| March 2022 | $687,652,502.02 | $3,326,792.03 | $690,979,294.05 | $1,707,354.16 | |
| February 2022 | $488,310,662.46 | $3,354,891.30 | $491,665,553.76 | $604,825.17 | |
| January 2022 | $558,694,852.20 | $4,999,738.98 | $563,694,591.18 | $1,749,102.71 | |
| December 2021 | $494,488,475.44 | $4,725,257.95 | $499,213,733.39 | $1,723,901.53 | |
| November 2021 | $459,299,269.00 | $7,426,418.49 | $466,725,687.49 | $3,177,147.84 | |
| October 2021 | $479,255,071.84 | $6,842,280.33 | $486,097,352.17 | $1,022,841.29 | |
| September 2021 | $288,128,579.18 | 3,084,289.10 | $291,212,868.28 | $31,393.43 | |
| Totals | $7,141,362,871.60 | $62,804,341.79 | $3,436,458.37 | $7,207,603,671.76 | $30,718,751.73 |
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