The nascent Arizona sports betting scene set a new benchmark, with $690.979 million in wagers and $18.668 million in gross wagering receipts during March.
The former represents a 40.5% increase, month-over-month, from the $491.6 million the Arizona Department of Gaming reported for February.
The latter was nearly three times more than the $6.8 million in February, thanks to the NCAA Men’s and Women’s basketball tournaments, and the strong performance by the Arizona Wildcats in each event.
Arizona collected a total of $1.707 million in sports betting taxes during March, nearly tripling the $670,685 that the state generated in February.
The previous state handle record was $563.7 million set in January.
Ted Vogt, who serves as the director of the ADG, said in a department press release March’s figures represent a bright future for sports betting in the state.
“March was an exciting month for Arizona event wagering, with major sporting events like NCAA’s March Madness helping set a single month event wagering handle record,” said Vogt. “I look forward to seeing how the industry continues to develop as we finish out the first year of legal event wagering in the coming months.”
Arizona Sports Betting, March vs. February
What Stands Out From March’s Report
Perhaps the biggest talking point from March’s sports betting report was the resurgence of DraftKings Sportsbook Arizona.
The Boston-based operator, which ranked atop the state in handle each month between September and January, fell to No. 2 behind FanDuel Sportsbook Arizona in February — with the former bringing in $142.445 million, while DraftKings brought in $131.653 million.
DraftKings lapped the field in March, however, with a record-high $230.235 million in wagers during the month, followed by FanDuel Sportsbook ($184.447M), BetMGM Arizona ($133.747M), Caesars Sportsbook ($95.77M) and Barstool Sportsbook ($19.102M).
In total, DraftKings Sportsbook has raked in $1.094 billion in wagers since sports betting in Arizona launched Sept. 9 — well ahead of FanDuel Sportsbook ($892.538 million) in the state’s sports betting marketplace.
DraftKings Sportsbook became the first Arizona sports betting apps operator to clear the $1 billion mark during March.
Other operators to report revenue in March were WynnBet ($9.873M), Rush Street Interactive ($5.416M), Betfred ($3.097M), SuperBook Sports ($1.104M), Desert Diamond ($1.028M), TwinSpires Arizona ($970,453.80), Unibet Arizona ($816,611.19), Fubo Sportsbook Arizona ($770,478.79), Hard Rock Interactive ($268,129.070), Digital Gaming USA ($101,546.87), SaharaBets ($69,246.50) and Golden Nugget ($11,298.00).
Where Arizona’s Sports Betting Market Stands Nationally
Arizona’s $690.9 million handle ranks sixth nationally during March, behind New York ($1.645B), New Jersey ($1.121B), Illinois ($971.3M), Nevada ($863.283M), and Pennsylvania ($714.976M).
The Grand Canyon State ranked ahead of Colorado ($505.6 million), Michigan ($480 million), Indiana ($476.8 million) and Virginia ($469.5 million) — the other four states nationally above $400 million in handle in March.
Arizona has now generated $3.489 billion in sports betting handle since September, showing the state’s wagering scene can contend with its largest peers in the months ahead.