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Arizona's betting on sports in August nears half a billion dollars

Arizona Gaming Department announces over $496 million earned in August, resulting in $2.2 million in tax revenue for the state's General Fund.

,   and  ASMedia
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Arizona Gaming Department reveals total gaming revenue of approximately $496 million in August,...
Arizona Gaming Department reveals total gaming revenue of approximately $496 million in August, contributing over $2.2 million in tax income towards the state's General Fund.

Unveiling the Dynamism of Sports Betting in Arizona

A Closer Look at Arizona's Betting Landscape

Betting Figures

  • Arizona's sports betting handles reached an impressive $864.2 million in January 2025, marking a whopping 22.3% raise from the previous year and a negligible increase from the previous month's $849.3 million[1][3][5].
  • This jaw-dropping figure barely falls short of the record set in November 2024, demonstrating a consistent upward trend[5].

Revenue Breakdown

  • The adjusted gross revenue for January 2025 soared to a staggering $53.2 million, representing a massive 106.2% surge from the preceding month's $25.7 million[1][4][5].
  • Prior to free bet deductions, the gross revenue stood at a mammoth $83.6 million, with online betting accounting for a staggering $83.5 million[5].
  • The hold percentage, post-free bet deductions, was a tight 6.16%, reflecting a competitive market where the operators' margins are squeezed[5].

Tax Revenues

  • The tax revenue for January 2025 reached approximately $5.3 million, marking a substantial 106.1% increase from the preceding month's $2.58 million[4].
  • Arizona's sports betting is taxed at 10% for online operators and a more lenient 8% for retail operators[2].

Operator Tax Rates

  • Online Operators: Saddle up for a 10% tax rate[2].
  • Retail Operators: Gird your loins for an 8% tax rate[2].

Market Leaders

  • The crème de la crème of sports betting operators in Arizona, by handle, in January were FanDuel, DraftKings, BetMGM, Fanatics, and Caesars[4].
  • FanDuel reigned supreme in revenue, with a whopping $34.8 million in January[3].

Arizona's betting on sports in August nears half a billion dollars

In a nutshell, Arizona's sports betting market is thriving, displaying a continuous upward trend in both betting handles and revenue, predominantly fuelled by online betting. However, retail sportsbooks are still grappling with profitability issues. If you're zealous about the world of sports betting, stay tuned for more insights from our esteemed expert, Michael Savio.

In Arizona's vibrant sports betting landscape, online casinos like FanDuel, DraftKings, BetMGM, Fanatics, and Caesars are leading the charge, especially in online sports betting. Meanwhile, sports enthusiasts in Las Vegas might find it intriguing to know that Arizona's sports-betting market, despite a competitive 10% tax rate for online operators, is witnessing an impressive growth in sports betting and sports-betting revenue.

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