The rapidly evolving market for sports betting in Arizona saw $290.5 million in wagers in July, down from the previous month, but it also had a substantial increase in revenue from June 2022.
The July handle was down 8.9% from June’s nearly $318.8 million. However, the revenue picture was brighter for operators overall with adjusted gross event wagering receipts of nearly $15 million, which was a 95.1% increase from the $7.68 million in June Arizona revenue.
The jump in revenue was also good news for the state as tax collections were nearly $1.5 million in July, also a 95.1% increase from June ($766,831), according to figures from the Arizona Department of Gaming.
Mobile Sports Wagering Dominates in Arizona
Though Arizona has both retail sportsbooks as well as online sports wagering, the mobile betting at Arizona sportsbook apps dominated as it accounted for more than 99% of total handle ($288.26 million).
The top sportsbooks in Arizona are also the names that are among the better-known national brands.
In July, the top operators (mobile and retail combined where applicable) in sports wagering handle were FanDuel Arizona, almost $92.4 million; DraftKings Arizona, nearly $90.2 million; BetMGM Arizona, almost $53.58 million; Caesars Sportsbook AZ, $27.7 million, and Penn Sports (Barstool) AZ, a little over $9.1 million.
Among jurisdictions that have reported July revenue figures so far, Arizona’s handle of $290 million ranks No. 5 in the nation. The state launched its sports betting just as the 2021 NFL season began. The enthusiasm for Arizona Cardinals betting has been showing in the Grand Canyon State.
Arizona Sports Betting, July vs. June
Major NFL Betting Action on Arizona Cardinals
One way of measuring that enthusiasm is in how the Cardinals are perceived nationwide compared to the patterns in Arizona sports wagering. According to BetMGM Arizona, as of last week, 43.5% of bets in the state in the NFC West winner in the 2022 NFL season were on the Cardinals. Around the country, only 16.3% of tickets were placed on Arizona to win the division. There are similar disparities in the odds on the Cardinals to win the NFC and win the Super Bowl.
The top states to this point in sports betting handle for July are: New York, $800.75 million; New Jersey, $531.89 million; Nevada, $419.15 million, and Pennsylvania, $336.51 million. Illinois, which is in the top four each month for sports betting handle, has yet to report its July figures.
Check back with BetArizona.com for Arizona sportsbook promos as the NFL season kicks off this weekend.
