Sports activities betting deal with in Arizona amounted to greater than $610 million in September 2023, in keeping with a November 15 information launch (pdf) from the Arizona Division of Gaming (ADG). The determine representing a 13.5 % improve when in comparison with the identical interval of 2022 reportedly generated $3.24 million in tax revenues for the Grand Canyon State in the identical month.
$610 Million Deal with:
In September 2023, Arizona bettors positioned greater than $610 million on sports activities, with round $605 million or 99% wagered with on-line operators. The remaining $5 million of retail wagers have been positioned with bodily casinos to characterize solely a 1% of the entire market deal with within the given month. The distinction is because of the truth that regulated sports activities bets have been completely positioned by cell operators from the 2021 market launch to early 2023 when the casinos opened retail sports activities betting services to repeatedly see a a lot decrease deal with than the absolutely operative on-line market.
$32.5 Million in Revenues:
The Arizona sports activities wagering market deal with achieved in September 2023 additionally represents a 70.2% larger degree than the one reached in August 2023, in addition to a 13.5 % improve on the year-on-year foundation. The September 7 begin of the NFL season is taken into account a main driver of the sports activities betting exercise within the state. Such an exercise introduced a complete of round $32.5 million in revenues for the sports activities books, in addition to $3.24 million in tax revenues for the state.
DraftKings and FanDuel Rule the Market:
As for the Arizona sports activities books, DraftKings took the most important a part of the cake with the deal with of greater than $218 million or a 35.7 % stake within the complete quantity wagered in Arizona in September. FanDuel adopted with the determine exceeding $179 million to get a 29.3% market share. BetMGM reached the deal with of virtually $90 million or round 15%, Caesars hit $56 million or round 9% , and Desert Diamond ended the month with the $15 million deal with to face for round 2.5 %. All different operators collectively dealt with round 8.5% of complete bets positioned through the month.
September 2023 deal with represents the fifth largest deal with by 25 months of the ADG reporting. As indicated above, the $610 million deal with resulted in a complete of $32.5 million in revenues for the sports activities wagering operators, 52% above the August 2023 income degree and solely 6% decrease than September 2022. As sports activities books pay a ten% tax on the adjusted revenues, the state concurrently generated round $3.24 million in tax revenues.
$12.3 Billion Complete Deal with:
Lastly, this month-to-month deal with determine represents the sixth single-month deal with exceeding $600 million in Arizona to combination the state’s 25-month complete deal with to virtually $12.3 billion. Primarily based on these figures, one could assume that the sports activities wagering operations in Arizona may need generated round $656 hundreds of thousands in adjusted revenues over the 25 reported months to doubtlessly deliver round $65.5 million in tax revenues for the Grand Canyon State over the identical interval.
