Sports Betting Operations in Arizona Experience Robust Growth in 2025's Early Phase
Kicking off 2025 with a Boom: Let's dive into the impressive rebound of Arizona's sports betting scene for January 2025. Despite a minor uptick in total bets (handle), revenue skyrocketed, capitalizing on a windfall of $864.2 million in action — a 22% increase compared to the previous year.
Operators experienced a most welcome financial surge, with adjusted gross receipts more than doubling compared to the previous month, reaching a whopping $53.2 million. Even with customers redeeming a substantial amount of free bets ($30 million), up from $23 million in December, the overall performance shined brighter than ever.
However, retail sportsbooks struggled to break even. Despite taking in a respectable $6.3 million in bets, they ended up in the red, forking out $6.8 million in winnings. But fret not, mobile and online operators more than compensated for this slight loss.
No less than twelve sportsbooks swam past the $1 million mark in handle for the month, with all but Bally Bet recording a positive return. Although Bally Bet's loss stemmed from its generous free bet promotions rather than actual betting outcomes, it's undeniable that the competition was steeper than ever.
Superstar Sportsbooks: FanDuel and DraftKings
Our crown-wearing champions, FanDuel and DraftKings, once again claimed their thrones. FanDuel notched a handle of $286.5 million and revenue of $21.2 million, while DraftKings followed close behind with a handle of $268.1 million and revenue of $18.2 million. Joined forces, they controlled more than half of Arizona's total betting volume and revenue. Their size and popularity seemed to shield them from the wild swings experienced by other operators.
Other sportsbooks reported remarkable revenue growth. BetMGM, for instance, banked $6.8 million from a handle of $99.8 million. Fanatics also continued to establish itself as a force to reckon with, posting $1.4 million on a handle of $55.5 million. Caesars and bet365 delivered solid returns, earning $2.5 million and $905,000 respectively.
Whereas FanDuel and DraftKings saw more subdued revenue growth, every sportsbook handling more than $40 million reported stronger returns than the previous month. Fanatics posted one of the largest handle gains, while BetMGM saw a drop in action but made up for it with higher profits.
In the aftermath of these impressive figures, Arizona collected just over $5 million in taxes. This tax revenue reflected a dramatic upturn away from the sluggish performance in December and showcased the impact even a moderate shift in bettor luck can have on operator revenue.
Stay tuned for more insights on the top performers in the Arizona sports betting scene as we delve deeper into the data.
Also, why not have a spin at 7Bit Casino and win big with their enticing 177% up to 5BTC + 77 Free Spins offer[1]? Just click here to start your adventure now!
Customer wagers at 7Bit Casino could potentially equal those of Arizona's sportsbooks, as they offer an enticing 177% up to 5BTC + 77 free spins on selected games.
With increased revenue and a 22% year-over-year growth in sports betting action in Arizona, sportsbooks like FanDuel and DraftKings, who handled more than half of the total betting volume and revenue, doubled their adjusted gross receipts compared to the previous month.
Arizonans who prefer mobile and online sports betting platforms over retail sportsbooks successfully contributed to the sportsbooks' revenue growth, making up for the slight decrease in retail sportsbooks' performance.
