The Arizona sports betting haul for the second month of the year saw a sizable decline, month-over-month, fitting into a national wagering narrative.
The $491.7 million in handle was a 12.8% decrease from January’s record-breaking handle of $563.694 million, while February’s revenue figure decreased by more than 60% from January’s $19.622 million.
The taxes taken in were $670,685, the second lowest monthly total since betting launched. Arizona took in just $31,393 in taxes in September.
Ted Vogt, who serves as the Arizona Department of Gaming’s director, said in a department news release that February’s totals, while lower than January’s, still show how strong the market is.
“Event wagering levels continue to indicate a strong market in Arizona,” Vogt said in the release. “While there was a small decline in wagering activity, the state maintained a strong national presence in a traditionally slower month of sports wagering.”
Arizona Sports Betting, February vs. January
FanDuel Knocks Another Mobile Mainstay Off Perch
Perhaps the biggest surprise in February’s sports betting report from the ADG was who raked in the most money in wagers during the month.
FanDuel Sportsbook Arizona managed to become the first operator besides DraftKings Sportsbook Arizona to possess the No. 1 handle spot since Arizona sports betting launched Sept. 9.
FanDuel Sportsbook Arizona had $142.4 million in handle during February, while DraftKings Sportsbook Arizona took in $131.6 million during the month.
In total, DraftKings Sportsbook Arizona has now brought in $864.616 million in wagers since launching Sept. 9, which ranks No. 1 overall, ahead of FanDuel Sportsbook, which has seen $707.959 million in handle.
In February, the No. 3 operator was BetMGM Arizona, which saw $99.840 million in handle, followed by Caesars Sportsbook Arizona ($78.443 million), Barstool Sports ($17.916 million), WynnBET Arizona ($8.845 million), Rush Street Interactive ($4.570 million), and TwinSpires Arizona ($1.205 million).
To date, BetMGM Arizona has taken $467.97 million in wagers since September, ranking third overall, while Caesars Sportsbook has seen $399.559 million in handle since Sept. 9.
The other operators were all below $1 million in handle, including Fubo Sportsbook ($895,231.94) and Unibet Arizona ($810,458.50).
In terms of retail sportsbook wagering, FanDuel Sportsbook’s location at the Footprint Center led the way at $2.774 million, followed by Caesars temporary sportsbook at Chase Field ($580,125.65).
Where Arizona’s February Ranks Nationally
February’s handle from Arizona betting apps ranks sixth nationally, between Pennsylvania ($597 million) and Colorado ($440.5 million).
The Grand Canyon State finished ahead of Michigan ($423.7 million), Indiana ($409.1 million), and Virginia ($401.8 million), but behind New York ($1.5 billion), New Jersey ($985.5 million), Nevada ($780.7 million), Illinois ($679.3 million) and Pennsylvania ($597 million).
Arizona should see a sizable uptick in wagering during March’s report, given the Arizona Wildcats’ run to the Sweet 16 and the national trends from states that have already reported totals from the month.
For now, the state of Arizona’s sports betting market remains among the industry’s heavy-hitters, showing signs of strength eight months after it launched.
