Sports betting in Arizona rebounded in March

The month-over-month growth in handle offset Arizonans’ improved happiness, and revenue rose to $38 million, up from February’s $28 million. The tax bill rose to $3.7 million.

May 29, 2024 • 5:00 PM ET

• 4 minutes reading

Arizona wanted strikes NCAAB

Photo by – USA TODAY Sports

March Madness is a win for states with legalized sports betting. The sheer number of college basketball games gave gamblers plenty of games to bet on. While this interest should return in the coming months, sportsbooks and the treasury enjoyed the boost for now.

The Arizona Department of Gaming announced that the state accepted $759.8 million in bets in March, a monthly increase of 19% and more than $100 million more than the year before.

Of these bets, operators kept 7.8% of the money they took in, down from 8.6% in February. But monthly growth in business made up for Arizonans’ improved happiness, with sales rising to $38 million, up from February’s $28 million. The tax bill rose to $3.7 million.

Operators all around are seeing better control

Sports bettors in Arizona woke up in March, and while the two online giants (FanDuel and DraftKings) saw by far the most action, sportsbooks in the Valentine State also saw an increase in their numbers.

Below are the operators with more than $5 million in combined revenues:

Operator February handle Gain
FanDuel $266.8 million $17.3 million
DesignKings $257.5 million $13.3 million
BetMGM $94.6 million $4.1 million
Caesars $51.4 million $2.3 million
bet365 $29.3 million $0
ESPN Bet $26.9 million $210K
Hard Rock $9 million $0
Desert diamond $6.4 million $0

Not so competitive market

In March, Arizona had 16 mobile sportsbooks and 12 reported more than $1 million in bets that month. However, FanDuel and DraftKings dominate the market.

When it comes to handling, FanDuel and DraftKings combined for 69% of the action. For promotional deductions, they reported 60% of what gamblers saw. And in terms of revenue, the two operators made up a whopping 81% of the market.

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