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Sportsbook

Arizona Sports Betting Hits March Record Before Spring Slowdown

Wednesday 08 de June 2022 / 12:47

2 minutos de lectura

(Arizona).- While the Phoenix Suns flamed out early in the NBA playoffs, the team’s strong end to the regular season and NCAA March Madness helped fuel a record March for Arizona sports betting.

Arizona Sports Betting Hits March Record Before Spring Slowdown

Arizona sportsbooks took a record $691 million in bets during March, according to a report released Monday by the Arizona Department of Gaming. The March handle is a 40% jump compared to the $491.7 million in February.


“March was an exciting month for Arizona event wagering, with major sporting events like NCAA’s March Madness helping set a single month event wagering record,” ADG Director Ted Vogt said in a release. “I look forward to seeing how the industry continues to develop as we finish out the first year of legal event wagering in the coming months.”


Arizona sports betting revenue rises


Operators generated $38.9 million in sports betting revenue, a 5.6% hold. The revenue was a nearly 52% increase from February’s $25.6 million, but it is 24% below November’s all-time high of $51.4 million.


Sportsbooks doled out $18.6 million in promotions during March, bringing taxable revenue down to $18.7 million.


The state collected nearly $1.9 million in taxes.


Arizona loves mobile sports betting


Arizona sportsbooks accepted nearly $687.7 million in mobile wagers during March, or 99.5% of the overall handle.


DraftKings Sportsbook paced the state’s 18 operators with $230.2 million in bets. The operator held 3.1% to generate $7.2 million in revenue.


FanDuel Sportsbook took $187.4 million in bets and led the field with $13.4 million in revenue, a 7.2% hold. BetMGM Sportsbook handled $133.7 million in wagers, holding 7.7% for $10.3 million in revenue.


Retail sportsbooks on the way


Two retail sportsbooks were open in March and handled $3.3 million in bets. The FanDuel Sportsbook at Footprint Center accounted for $2.9 million of the wagers, while the Caesars Sportsbook at Chase Field took $458,758.


With baseball season ramping up in April and the NBA season finishing, the summer might show Chase Field’s sportsbook some heavier action.


Other retail sportsbooks are also on their way, including a BetMGM Sportsbook at State Farm Stadium and DraftKings Sportsbook at TPC Scottsdale.


 













































































Categoría:Sportsbook

Tags: Sin tags

País: United States

Event

iGaming Club Conference Cancun

24 de November 2025

Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion

(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.

Thursday 04 Dec 2025 / 12:00

iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition

(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.

Thursday 27 Nov 2025 / 12:00

iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day

(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.

Wednesday 26 Nov 2025 / 12:00

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