The very first update of 2023 on Arizona sports betting revenue has finally been released, and it was a massively successful month of January, with the state taking in $591 million in wagers.
In addition to the steady rise of sports betting that is sweeping across the nation in states that have legalized mobile sports betting, the state of Arizona saw a boost in their January sports betting figures partly because it was the month leading up to the Super Bowl that was played at State Farm Stadium in Glendale.
With such a massive event taking place in Arizona, it would make sense that Arizona sports betting figures in the state would spike in relation to the Super Bowl getting closer and closer.
But what exactly did the sports betting numbers look like in January of this year in the state of Arizona?
FanDuel Arizona tops online sports betting handle in January
Online sports betting in Arizona took in a total of nearly $585.5 million in wagers in the month of January alone, which paid out nearly $538.5 million in winnings to its players.
The winner when it comes to mobile sports betting in the state for the month of January was, without a doubt, FanDuel Arizona, which led the state in wagers placed by nearly $25 million, which is more than 13 of the 17 active mobile sportsbooks took in total wagers. The gap FanDuel has created between itself and the rest of the pack is gargantuan.
Here’s the top six sportsbooks in the state of Arizona ranked by total online sports bets in January.
- FanDuel: $195.5 million
- DraftKings: $171.5 million
- BetMGM: $90 million
- Caesars: $59 million
- Barstool Sports: $20.5 million
- Desert Diamond Mobile: $20 million
Three retail sportsbooks tied to teams took in $4.7M in January
Not only did FanDuel take the most money in online sports betting wagers, but the sportsbook also took the most amount of money in terms of wagers of any retail sportsbook in Arizona in the month of January as well.
The FanDuel Sportsbook at Phoenix Suns Footprint Center took in almost $2.5 million in bets, nearly double that of the BetMGM Sportsbook at State Farm Stadium, which took in around $1.4 million in bets.
Here are the three major retail sportsbooks in Arizona ranked by the amount of money wagered on sports.
- FanDuel: $2.5 million (partnered with the Phoenix Suns)
- BetMGM: $1.4 million (partnered with the Arizona Cardinals)
- Caesars: $1 million (partnered with the Arizona Diamondbacks)
These three sportsbooks are directly partnered with one of the major professional sports teams in the state of Arizona and are physically located either inside or within the team’s arenas.
In total, those three sportsbooks combined to take in just over $4.7 million in sports betting wagers in the month of January. That led to about $4.4 million in winnings paid out.
That means these retail sportsbooks netted just under $400 thousand in revenue, which resulted in just over $30 thousand in privilege fees paid to the state of Arizona.
Photo by: Calli Varner/PlayAZ