Arizona Sets New Sports Betting Revenue Record in January

Arizona's sports betting scene continues to flourish as the state achieved yet another milestone in January, surpassing its previous revenue record. Operators in Arizona collectively generated an impressive $69.3 million in sports betting revenue during the month, marking a significant increase of 51.6% compared to the same period last year.

The bulk of the revenue, amounting to $69.0 million, stemmed from online betting platforms, indicating a substantial preference for digital wagering among players. Retail sportsbooks contributed $230,662 to the total, while limited event wagering (LEW) operators added $146,204.

Player engagement remained strong, with a total handle of $706.4 million recorded in January. This represents a notable increase of 19.5% compared to the previous year. Online gross event wagering accounted for the majority of the handle at $698.0 million, with retail betting reaching $6.3 million.

After accounting for free bets and promotional credits, the adjusted gross revenue for January stood at $46.2 million, demonstrating a substantial year-on-year growth of 59.3%. Taxation on sports betting activities amounted to $4.6 million, primarily derived from mobile betting platforms.

FanDuel maintained its position as the leading online sports betting operator in Arizona, generating $31.2 million in gross revenue from $228.2 million in bets. DraftKings and partner Crown Gaming secured the second position with $22.5 million in revenue, despite a larger online handle of $258.1 million. In the retail market, DraftKings and Crown Gaming emerged as the top performers, while Turf Paradise led among LEW operators.

Arizona's sustained momentum in sports betting underscores the state's robust market and the increasing demand for online wagering options among consumers.