The Arizona sports betting market remained hot during the month of April. According to a new report by the Arizona Department of Gaming, there was over half a billion dollars in total money wagered.
April was another strong month of event wagering for Arizona. The Grand Canyon State continues to keep pace with other top sports betting markets in the U.S.
With these numbers, Arizona appears to be set for a big fall season once football returns.
Arizona sees over half a billion wagered in April
April is typically a slow month for sports. However, the Arizona sports betting market has proven it can hang with the best of them, even during the slow periods.
Arizona customers placed $512.878 million in wagers in April. That’s a decrease from the record-breaking handle recorded in March. However, it is the third highest handle the Grand Canyon State has seen since sports betting became legal in Arizona in September 2021.
Arizona Sportsbooks won $16.5 million in gross sports betting revenue from April’s bets. Meanwhile, the state of Arizona gained approximately $1.6 million in sports betting taxes.
Ted Vogt, the director of the ADG, says the numbers from April are promising as we move forward into the summer.
“Event wagering levels continue to look strong in Arizona, with over half a billion dollars wagered during April,” said Vogt. “I am excited to see how the state closes out its first year of legal event wagering in the coming months.”
Arizona remains a top-10 sport betting market
There are typically very few major sports betting events going on in April. There is the beginning of the NBA Playoffs, The Masters for the PGA, among other things. Those events can be lucrative for sportsbooks.
Most states across the country saw a dip in sports betting handle from March to April. However, Arizona has still managed to secure a spot in the top 10 compared to other sports betting markets.
April 2022 Top 10 reported sports betting handles across the U.S. (As of July 5, 2022)
- New York – $1,396,791,941
- New Jersey – $926,946,780
- Illinois – $839,386,882
- Nevada – $582,529,725
- Pennsylvania – $572,817,741
- Arizona – $512,877,848
- Virginia – $399,478,366
- Michigan – $396,009,819
- Colorado – $392,311,737
- Indiana – $360,023,255
It is impressive to see Arizona ranked so high, given that sports betting in the state isn’t even one year old. Most states on this list have had legal sports wagering in place for at least a couple of years.
As we look forward to May numbers, we should expect figures similar to what we saw in April.
Through the first eight months of sports betting, Arizona’s sportsbooks have produced:
- $4 billion in online and retail wagers
- $263.8 million in gross revenue
- $11.9 million in privilege fees for the state