Arizona Sports Betting Revenue

Arizona sports betting has been a huge success. During the first weekend that sports betting was live in Arizona, the state ranked fourth in the country in transaction volume and saw more than 270,000 new accounts created. It took just three months for total wagers to eclipse the $1 billion mark. From September 2021 through February 2022, Arizona sports betting revenue has brought in $8.3 million for the state.

The combination of a great sports state and key partnerships between major online sportsbooks and professional organizations ensures growth and success moving forward. 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 18 mobile sports betting apps available, with the potential for 20, giving bettors a selection of online sportsbooks that rivals any other US state. The two biggest online sports betting markets in the US – New Jersey and Pennsylvania – thrive under a similar model. The sports betting licenses awarded by the Arizona Department of Gaming are split between tribal and non-tribal entities. 

The licenses and partnerships allow for both mobile apps as well as retail sportsbooks to be built. FanDuel, for example, offers Arizona bettors its sportsbook app as well as a retail location at the Footprint Center thanks to the partnership with the Phoenix Suns.

Although Arizona sports bettors have a wide variety of sportsbooks to choose from, the data is clear at this point. DraftKings, FanDuel, BetMGM, and Caesars dominate the state. These four sportsbooks routinely account for 90% or more of the monthly wagers placed across the state. Of the nearly $2.8 billion in wagers from September 2021 – February 2022, DraftKings lays claim to 30% of the total wagers.

Current Arizona Sports Betting Revenue Numbers

The most recent report released by the ADG is for February 2022. Below you’ll see the latest monthly total wager numbers (mobile and retail) for each Arizona sportsbook.

SportsbookGross Wagers (Online and Retail)Arizona Revenue
Bally Bet$70.00
Desert Diamond Sports$105,556.16
Fubo Sportsbook$895,231.94
Golden Nugget$4,100.07
Hard Rock$19,209.00

Total Arizona Sports Betting Revenue Data

The table below will keep a running tally of the total wagers (retail and mobile) placed with each legal sportsbook in Arizona.

SportsbookGross Wagers (Online and Retail)Arizona Revenue
Bally Bet$70.00
Desert Diamond Sports$105,556.16
Fubo Sportsbook$1,382,940.32
Golden Nugget$4,100.07
Hard Rock$19,209.00

Mobile Wagering Will Drive The Arizona Market

Of the revenue reports the Arizona Department of Gaming has released so far, a whopping 98.9% of wager totals come via mobile apps. This number is likely slightly inflated, as the ADG reports do not include bets that have been placed at tribal casinos. Some casinos have full-service sportsbooks while other have temporary kiosks in place until a more substantial space is built.

Currently, only the FanDuel Sportsbook at the Footprint Center and the Caesars Sportsbook at Chase Field are being reported as far as retail sportsbooks. It’s easy to project retail sportsbook growth in the near future, however. The brand new Caesars Sportsbook at Chase Field is likely to open soon, as sports bettors are only able to place wagers at betting windows at this time. The Arizona Cardinals are set to be the first NFL franchise with an on-site sportsbook thanks to their partnership with BetMGM. The BetMGM Sportsbook is expected to be open in time for the start of the 2022-2023 season. Adding to the excitement is the fact Super Bowl 57 will be played at the Cardinals’ home field, State Farm Stadium. Last but not least, DraftKings will have a retail sportsbook at TPC Scottsdale which is expected to be open to the public in Fall 2023.

About the Author

Cody Kutzer

Cody is a freelance writer contributing to our sports betting content. He's a fantasy football fanatic, lover of all things Penn State, and always one bet away from winning his teasers.