All About Arizona Sports Betting Handle And Revenue

The experts at BetArizona.com have assembled this guide to explain what we mean when we talk about Arizona sports betting revenue and sportsbook handle that the state reports each month.

There is an active market with many online or mobile operators as well as a growing number of retail sports wagering options at brick-and-mortar casinos in the Grand Canyon State.

The handle is the total amount of money bet on sports in the state each month. Sports bettors wager hundreds of millions of dollars monthly often through the use of Arizona sportsbook promos. From the time legal sports betting launched in September 2021 to early 2023, legal, regulated sports bets were placed exclusively with online sportsbooks. Since then, physical casinos have begun taking retail wagers on sports, albeit in much smaller numbers.

The Arizona online gambling revenue on sports refers to the amount that operators have left after they pay out winning bets. From there, bookmakers pay 10% tax to the state on the adjusted gross revenue.

Arizona Sports Betting, May vs. April

Arizona Sports Betting Handle and Revenue: May 2024

The last full month of spring didn’t deliver any flowers for Arizona’s sports betting operators, with a 13.4% drop in wagering handle and a .4% decline in sports betting revenue during the fifth month of the year. Overall, Arizona’s 17 operational sportsbooks took in $568,493,314.61 in total handle in May, down 13.4% from April’s total of $656,322,665.79, but up 25.9% from last year’s total of $451,717,025.32. 

On the revenue side, Arizona sportsbooks saw a miniscule drop in revenue, down .44% from $43,352,636.67 in April to $43,162,962.39 in May, though the operators saw a 27.4% jump year-over-year from the $33,886,604.63 in revenue reported last May.  

That drop in revenue resulted in a .28% decline in taxes, going from $4,319,238.24 in April to $4,307,142.67 in May, though that figure represented a jump of 27.6% year-over-year from the $3,376,058.69 that the Arizona Department of Gaming collected in 2023.  

As far as market share was concerned, FanDuel Sportsbook Arizona once again had the largest total handle in the state, at $192,733,107.68, followed by DraftKings Sportsbook Arizona ($188,330,325.07), BetMGM ($63,573,581.68), Caesars Sportsbook ($35,288,287.71) and Bet365 ($25,502,044.37).  

Rounding out the top 10 in Arizona during May, as far as sports betting total handle market share was concerned, were ESPN BET ($18,264,875.64), Fanatics Gaming ($16,698,883.36), Rush Street Interactive ($6,130,391.97), Hard Rock Interactive Hard Rock Interactive ($5,200,502.17) and Desert Diamond ($3,968,310.15).  

Conversely, the lowest handles in the state were held by Golden Nugget, at $64,418.39, with Unibet ($115,908.67), SuperBook ($909,064.69) and SaharaBets ($1,086,631.74) being the next closest to the bottom in the Grand Canyon State.  

Arizona Mobile Sports Betting History