The eighth month of the year was a winner for Arizona sportsbooks, with a handle of $361.008 million and revenue of $27.754 million.
The handle figure represented a 24.3% increase, month-over-month, while revenue nearly doubled from the close to $15 million the Arizona Department of Gaming reported for July.
Arizona’s wagering tax for August was $2.767 million, which represented an 84.5% increase from the $1.5 million the state reported in July.
Through the first calendar year of wagering in Arizona, the Grand Canyon State has had just over $5.4 billion in wagers, averaging out to a monthly amount of $452.728 million.
Ted Vogt, who serves as the ADG’s director, said in a department press release the opening year of Arizona sports betting apps was a winner for operators and customers alike.
“I am excited to see such strong wagering figures for August, which is the final monthly report for Arizona’s first year of legal sports betting,” Vogt said in the press release. “Through the first year of legal wagering, Arizona has seen over $5.4 billion wagered on sports, highlighting the strong start for the state’s new sports betting industry.”
Arizona Sports Betting, August vs. July
What Stood Out From August’s Report
Perhaps the biggest theme from the ADG’s August report was the rising sports betting tide lifted all boats, with greater returns for the state’s operators than during the summer lull.
The No. 1 operator by handle in August was Boston-based DraftKings Sportsbook Arizona, which knocked off FanDuel Sportsbook for the first time since April.
In total, DraftKings raked in $129.8 million in August, which was $21 million more than runner-up, FanDuel Sportsbook Arizona, which reported $108.7 million during the month.
Trailing the big two in Arizona were BetMGM ($58.2 million), Caesars Sportsbook ($30.5 million), WynnBET ($7.95 million), Barstool Sportsbook ($7.65 million), Rush Street Interactive ($4.48 million), and Hard Rock Interactive ($4.4 million).
BetMGM Sportsbook Arizona became the third state sportsbook after DraftKings Sportsbook and FanDuel Sportsbook to clear $1 billion in handle — reaching a total of $1.05 billion after August’s report.
Other Arizona sportsbooks that raked in at least $1 million in sports betting handle during August were BetFred Arizona ($2.537 million), Superbook Arizona ($1.937 million), and Desert Diamond ($1.154 million).
FuboTV, which announced its decision to shutter its Fubo Sportsbook brand earlier this week, reported a $404,494 handle for August.
August also was the first monthly report to breakdown the results from the state’s 10 limited event wagering operators, with the licensees taking in $330,828 in wagers combined, with Arizona Downs being the only operator to make north of $100,000 in handle, at $129,138 overall.
Where Arizona Sports Betting’s August Ranks Nationally
In total, Arizona’s August handle ranked sixth nationally, sandwiched between Pennsylvania ($363.05 million) and Colorado ($291.1 million).
The top states nationally during August were New York ($877.4 million), Illinois ($564.8 million), New Jersey ($546.77 million), and Nevada ($408.87 million).
Trailing the Grand Canyon State were Virginia ($284.67 million), Indiana ($237.99 million), Michigan ($229.79 million), and Tennessee ($205.86 million).
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