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Arizona Sports Betting Earnings Record High In December

Arizona’s December gross income came to $66.1 million (52.1 million euros/€60.9 million), up 22.1% from $54.4 million a year earlier and up 62.4% from November’s gross income.

Of this, $65.2 million came from online betting and a $625,986 retail sportsbook. $240,604 was additionally incurred by limited event betting (LOW) operators.

That’s excluded from the $693.3 million gross salary spent for the month. Total player spending was 21.1% ahead of December 2022 but was behind the record $713.6 million paid in November.

Online spending amounted to $685.1 million, retail sportsbooks to $6.4 million and LEW operators to $1.8 million. 슬롯머신

A total of $17.8 million in free bets and promotional credits were recorded in December. Almost all of this came from online bets.

As such, total sports betting revenue this month set another new record of $48.3 million, up 30.3% from December 2022 and 139.4% from November’s $20.3 million.

Online betting accounted for $47.5 million of adjusted earnings, with the retailer’s share of $621,286. The additional $240,604 came from LEW operators.

In Arizona, taxes for December amount to $4.8 million. That includes $4.7 million for online activities, $49,703 for retail, and 19,248 LW.

FanDuel Leading Arizona Online Market

Looking at individual operators, FanDuel led the online market with some distance in December. For the month, it earned adjusted earnings of $236.3 million to $23.7 million in gross wages.

DraftKings and Crown Gaming came in second with $228.5 million to $13.8 million, while BetMGM came in second with $6.1 million on the $82.7 million handle.

DraftKings and Crown Gaming topped the retail segment featuring only two operators. The partnership heralded adjusted earnings of $361,037 from a $2.7 million bet.

FanDuel, the only other active operator here, earned $260,248 in adjusted earnings from a $2.1 million wage.

For AEW operators, Turf Paradise led the way with revenue of $106,248 from $822,412.

Bet365 Market Entry

The latest results come after it was revealed this month that Bet365 had launched online sports betting in Arizona. The operator was shown live through a partnership with the Ark-Chin Indian community.

Players in Arizona can now place pre-event and in-game bets on various sports with Bet365. Additional services available to players in the Grand Canyon State include the same game parlay, cash out and edit bets.

The launch extends its reach in the U.S. to the ninth state. It also has operations in Kentucky, Louisiana, Virginia, Ohio, New Jersey, Iowa, Colorado, and Indiana.

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