After sports betting became legal in Arizona, the state coffers have yet to cross the $10 million mark. At the same time, the sportsbooks in the state have made $225 million.
Between September 2021 and February 2022, the state’s general fund reached about $8.5 million from sports gambling. And during the college football seasons or professional games, the average revenue is about $1.4 million per month. If the averages hold, the state will earn about $17 million after the first year of legal betting.
But, there is a decrease in revenue. Arizona sportsbooks held 5.7% for $29.2 million in April sports betting revenue. It is about a 21.5% decrease from the March revenue, which was $37.2 million. In addition, operators deducted around $12.7 million in promotions, leading to a taxable revenue of approximate $16.5 million. With promotional deductions, just seven of the 18 sportsbooks in Arizona turned in taxable revenue totals. As a result, the state collected around $1.6 million in taxes.
Arizona bettors have spent roughly $2.8 billion and won more than $2.5 billion. By learning online betting tricks, you can also make a good profit from sports betting in the state.
Arizona Online Sportsbooks
Arizona sports betting is legal, and bettors in the state have various options to choose from. In addition, there are a lot of legal sportsbooks that offer amazing bonuses to you when you win a bet. Here is the list of some of the best sportsbooks currently available in Arizona after one year of the launch of sports betting in the state:
The Phoenix Suns of the NBA agreed to a partnership with FanDuel Sportsbook. This sportsbook in Arizona accepts online bets from users throughout the state. FanDuel was among the first bookmakers that got approval for event wagering and DFS by the Arizona Department of Gaming.
DraftKings and the Professional Golfers’ Association partnered to provide online sports betting in Arizona. In a press release, DraftKings referred to it as a “first-of-its-kind” and a “one-of-a-kind” sports betting experience.
Gambling giant Wynn offers sports betting software named WynnBET in the state of Arizona. In early July 2021, the company announced it had linked up with the San Carlos Apache Tribal Gaming Enterprise to serve Arizona bettors. The tribe currently runs two in-state properties, the Apache Gold Casino and the Apache Sky Casino.
BetRivers sportsbook of Rush Street Interactive has made the team with the Arizona Rattlers. The Rattlers are one of the oldest sports franchises in the state and are the most successful IFL team. BetRivers launched their Arizona online sports betting app to help bettors place a bet online.
In addition to the above-mentioned sportsbooks, many other sportsbooks in Arizona offer an online betting experience. All in all, the status of sports betting in the state is increasing day by day after it becomes legal in Arizona.
Fantasy sports betting launched in late August in Arizona. Between the launch and the end of 2021, gamblers wagered more than $1.7 billion with sports betting in the state. Also, the sports books made about $60 million in profit. So, the status of online sports betting in Arizona after one year is good and increasing day by day.