The Arizona Department of Gaming has released the January 2023 sports betting report. Arizona sportsbooks saw a combined $591,220,793.69 in wagers to start the new year. Mobile sports betting dominated the market with $585,418,001.51 in total betting handle. This is 99.01% of the market during that stretch. Retail sportsbooks accounted for the remaining $4,757,987.34. Wel’ll dive into the report and look at how much Arizona sports betting revenue the state collected as well in taxes.
These numbers have also pushed Arizona into the top 10 for a key ranking among states with sports betting. More on that below.
Arizona’s Strong Start To The Year
Arizona sportsbooks ranked seventh in the nation for January betting handle. Only New York, Ohio, Illinois, Nevada, and Pennsylvania operators saw more action than AZ during that stretch.
January’s numbers are also among the top betting handles in Arizona history as well. Only October 2022’s $618.6 million, November 2022’s $616.8 million, and March 2021’s $691 million were larger.
Activity was up 3.16% month over month compared to December’s $572,490,899.09. The year-over-year growth is also something to make note of with a 4.9% increase from the $563.7 million wagered in January 2022.
The report shows $46,166,498.25 was collected in adjusted gross event wagering revenue. This total is the net revenue before deductions from bet credits issued. Following these deductions, $28,961,017.17 was collected in revenue.
The Arizona sports betting market collected $2,886,501.89 in state taxes for the month. Overall, this was a strong revenue month for the Grand Canyon State in large part thanks to the NFL Playoffs being in full swing.
FanDuel Dominates Arizona
The operator that saw the most action was FanDuel with more than $195.5 million in betting handle in January. FanDuel saw a 10.8% hold rate for more than $21 million in revenue. DraftKings saw the second most activity with $171.4 million and $8.8 million in gross gaming revenue.
BetMGM, despite seeing a lower total betting handle than DraftKings with $91.2 million, actually managed to see more gross revenue. This is thanks to a 10.5% hold rate for $9.5 million.
Arizona One Of The Biggest Sports Betting Markets In The US
What January’s Arizona sports betting revenue report also contributed to was pushing AZ to the top 10 of the total betting handle in the U.S. post-PASPA. Since PASPA was repealed, Arizona has seen the 10th most wagers in the country with $8.4 billion total wagered on sports.
All Time Sports Betting Handles Post PASPA
- New Jersey $35.7 Billion
- Nevada $30.4 Billion
- Pennsylvania $20.3 Billion
- New York $19.9 Billion
- Illinois $18.7 Billion
- Indiana $11.3 Billion
- Colorado $10.8 Billion
- Michigan $9.8 Billion
- Virginia $8.7 Billion
- Arizona $8.4 Billion
Arizona continues to dominate as one of the biggest and most active sports betting markets in the country.
