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, January vs. December
Arizona Sports Betting Handle and Revenue: January 2024
The first month of the year produced a mixed bag of results for Arizona sportsbooks, with a slight month-over-month increase in total handle offset by a single-digit decrease in sports betting revenue and taxes.
Overall, Arizona sportsbooks took in a total wagering handle of $706,382,861 in January, which climbed 1.9% from December’s total of $693,310,960 and 19.5% from the $591,220,793 the operators took in during January 2023.
Arizona sportsbooks reported $46,174,706 in sports betting revenue in January, which represented a 4.5% drop from December’s total of $48,345,630. The state’s total tax bill was $4,610,005, which was down 4.3% from December, when the Grand Canyon State reported $4,817,325 in wagering taxes.
As far as individual operators were concerned, FanDuel Sportsbook was the state’s top mobile sportsbook by handle at $258,107,671, representing the third straight month the New York-based operator was the top dog in Arizona. DraftKings Sportsbook ($228,228,532), BetMGM ($84,651,816), Caesars Sportsbook ($50,283,694) and ESPN BET ($49,539,903) rounded out the top of the market in January.
Arizona Mobile Sports Betting History
Arizona Sports Betting Handle and Revenue FAQs
In 2022, Arizona sportsbooks took in $6,036,844,930 worth of wagering handle, up 246.3% from the $1,743,249,640 the operators took in during the first four months of reporting in 2021. Each month, the vast majority of bets are taken by Arizona sportsbook apps.
Arizona’s sports betting tax rate is 10% for online sportsbooks and 8% for retail facilities. That’s what operators pay to the state out of the adjusted gross revenue derived from sports wagering once winning bets are paid out.
The Arizona Department of Gaming is a bit of a wild card when it comes to sports betting revenue reporting, with the agency releasing wagering reports on a sporadic basis. For example, the ADG released February figures for Arizona sportsbooks on May 10, while the agency unveiled the state’s January report on March 27. Before that, the ADG released December 2022 figures on March 10, November figures on Feb. 2 and October’s report on Jan. 10. The agency took 44 days to report the state’s February wagering totals, while January’s totals came 17 days after the ADG released December’s report.
Arizona tax revenue from sports betting largely goes towards the state’s general fund, benefiting everything from education to infrastructure projects for residents of the state.
The Arizona Department of Gaming regulates sports betting in the Grand Canyon State.
Mobile sports betting handle refers to the amount of money wagered on mobile or online apps, using phones, laptops or other online devices. Many online operators offer their customers promo codes. In Arizona, sports betting is done either at a retail location (a land-based casino or at a stadium or racetrack) or on one of the 17 licensed mobile sportsbooks in the state (down from 18, after Fubo Sportsbook ceased operations).
Handle is the terms used to refer to the amount of money wagered in a month. If a handle is reported as $350 million, that means that the operators in the state combined to accept that much money from people betting on sports. Revenue refers to what’s left over after winning bets are paid out; Arizona gaming revenue on sports is taxed based on the amount of adjusted gross revenue each month. In 2022, Arizona collected more than $290 million in revenue from sports betting.
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The veteran team of Arizona sports betting experts behind BetArizona.com.
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