Arizona sports betting reported a total handle of $393.2 million for June, according to a report released by the Arizona Department of Gaming on Thursday.
FanDuel and DraftKings accounted for 65% of Arizona’s total wagers in June. Those two operators continue to dominate the market, with BetMGM and Caesars in third and fourth place, well back of the leaders.
Legal online sports betting was launched in Arizona in 2021, and since its’ inception, the state has reported more than $8 billion in total handle, nearly $650 million in revenue, and just over $35 million has been paid in taxes.
Revenue and taxes see spike compared to last June
For June, the state received around $1.6 million in taxes from sports betting operators compared to $766,831 in June 2022. June AZ sports betting revenue hit about $16.4 million compared to $12.6 million last June. One possible explanation for the jump is the maturity of the market and more people interested in betting.
This was a refreshing jump in both revenue and taxes after May saw a 20 percent drop in both compared to May 2022.
The overwhelming amount of bets on sports in the state came via online sports betting apps (99.2% in June). It is also worth noting that free bets and promotional credits in Arizona hit a year low of $11.4 million for the month of June
BetMGM retail sportsbook sneaks into second place in June
It’s no surprise the top retail sportsbook was FanDuel, which is located at the Footprint Center in downtown Phoenix. It reported a total handle of $1.4 million in June. BetMGM retail sportsbook came in second.
What is surprising is BetMGM Sportsbook taking second place with $505,113 in wagers for the month of June. One of the sportsbooks is located at State Farm Stadium, where the Arizona Cardinals play. But the main reason BetMGM came in second is most likely due to its brand new sportsbook at the new Santan Mountain Casino in Chandler.
Caesars Sportsbook was a disappointing third, even though it’s located at Chase Field, where the Diamondbacks are having an exciting season. Caesars Sportsbook at Chase Field also hosts a Guy Fieri restaurant but took in $419,175 in wagers during the month of June compared to $876,771 in May.
The top three retail sportsbooks might get some competition soon when DraftKings Sportsbook opens near TPC Scottsdale, the venue that hosts the WM Phoenix Open. That retail sportsbook is nearing completion and is expected to open this fall.
Among Limited Event Wagering Operators, Turf Paradise was again the leader, with $274,430 in total handle in June, which accounted for nearly half of the $580,000 from those operators, which also include Midtown Tavern Sports Bar & Grill, R.T. O’Sullivan’s Sports Grill, Charley’s Sports, among others.