Arizona Sports Betting: $563.7M Bets Recorded in January 2022

Arizona Sports Betting: $563.7M Bets Recorded in January 2022

During the first month of 2022, the sports betting market in Arizona set a new high with wagers totaling $563.7 million. This is a 12.9 percent increase over the previous month’s figures (which totaled $499.2 million in wagers on sports in December 2020). A total of $558.7 million in internet sports wagers was placed in Arizona, with approximately $5 million in wagers placed at retail sportsbooks throughout the state. In January, gamblers placed an average of $18.2 million in bets per day, compared to an average of $16.1 million per day in December of 2021.

Arizona Mobile Sports Betting

Arizona now big sports betting market

With these figures, Arizona became the eighth state in the United States to record more than $500 million in wagers in a single month. Customers won a total of $521.8 million from sports betting, with $517.3 million coming from online sports wagers and $4.5 million coming from retail sports betting operations. As a result, sportsbooks collected $40.5 million in gross revenue before free bets in December 2021, representing a 4.9 percent rise from $38.6 million in the previous month.

When free bets and promotional credits worth $20.9 million are taken into consideration, operators in the state of Arizona generated 19.6 million in taxable revenue, representing a 13.3 percent increase from the previous month. In the month of January, the state of Arizona was able to receive $2 million in tax revenue from sports betting. As reported by PlayAZ, a Play-branded website that is focused on the legal gambling industry in Arizona and provides news and resources for those involved in the industry, these financial results were an appropriate way to cap off an exceptional football season that had gotten off to an outstanding start.

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The NFL schedule is favorable to the Arizona sports betting 

 

With an additional week of regular-season games and an expanded NFL playoff played over five weekends in the first month of 2022, according to Eric Ramsey, an analyst for the PlayUSA.com network, which includes the PlayAZ brand, the National Football League (NFL) schedule was favorable to Arizona gambling companies in 2019. He went on to say that, because of changes in US legislation over the previous four years, large corporations have been able to expand into new areas, and Arizona has benefited from this experience.

If compare Arizona to other states in the United States, only New York achieved the $500 million maximum in wagers faster than the state of Arizona, which was ahead of other densely populated states such as Illinois, Michigan, and Pennsylvania.

When it comes to the individual performance of the gaming operators, DraftKings Sportsbook takes the top spot on the list with a total of $173.1 million in wagers put, followed by FanDuel with a total of $149.9 million in wagers placed, and BetMGM with a total of $120 million in accepted wagers.

When it comes to gross revenue in January, FanDuel topped the list with $11.9 million in revenue, followed by DraftKings, which made $11.5 million in revenue. BetMGM was able to produce $10.7 million, putting them in third place on the list of top earners.

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.