Sports Betting News: Arizona May Be Getting More Sportsbook Apps Soon

Sports betting news this week includes Arizona accepting more sportsbook applicants. This means more operators will be available to consumers. Elsewhere, both Pennsylvania and Louisiana saw massive December sportsbook revenue and handle numbers.

Let’s take a look at all the sportsbook news across the industry.

Arizona Sports Betting News

Regulations permit 20 sports betting licenses to be available for Arizona sportsbooks. When the market launched in 2021, 18 of those licenses were approved. In the years following, the market began to take shape, with top operators claiming their market share. Meanwhile, some other operators shuttered their operations in Arizona, including TwinSpires. There are currently 16 sportsbooks live in AZ.

Now, the Arizona Department of Gaming is looking to open applications for more operators. AZ recently opened applications in August of 2023. This saw the likes of bet365 gain a betting license in the Grand Canyon State. Bet365 has yet to go live.

Arizona is a major market and is surely a big attraction for potential operators. The Department of Gaming reports show that more than $13 billion has been wagered on sports from launch to October 2023.

Operators like Fanatics Sportsbook are likely to be vying for the remaining sportsbook licenses during the upcoming open period.

Louisiana Sports Betting News

Louisiana Sportsbooks reported a record-setting $377,046,556 in total betting handle for December 2023. According to the Louisiana Gaming Control Board, a record-setting $55,830,527 in revenue was also reported.

Overall, sports betting activity is up 48.3% compared to last year, with online sports betting in particular seeing a 57.7% increase year over year. Online betting is largely responsible for the overall growth of the betting market in Louisiana. Of the total wagering market for December, $344,928,425 came from the best sports betting sites, 91.48% of the entire market.

Louisiana has seen major growth, setting the single-month betting record for three consecutive months. The market is in a thriving and healthy state and is showing no signs of slowing down.

Pennsylvania Sports Betting News

Continuing the upward trend, sportsbooks in Pennsylvania have reported $925,570,368.39 in wagers for December 2023. Operators saw a record-setting $98,097,732.35 in sports betting revenue on the month, per reports. The state collected $24,652,191.74 in taxes in December.

Online sportsbooks yet again dominated the market in Pennsylvania. Mobile apps saw $870,372,392.62 in wagers, which represents 94% of the total market. Mobile betting has helped Pennsylvania see $4,146,420,389 in wagers for FY 2023/2024.

The success of NFL teams like the Pittsburgh Steelers and the Philadelphia Eagles, who both made the playoffs, was a major factor in Pennsylvania’s success. Will Pennsylvania be able to maintain its strong showing with both teams eliminated?