Arizona Sportsbooks More Than Double December Revenue

Written By Derek Helling on March 14, 2023
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For the Arizona gambling industry, December 2022 was indeed a gift. The various physical and online sportsbook operators in the state didn’t just surpass the revenue they took in during December 2021. They blew it away.

The amount of money that bettors in the state put down on sports during the month also increased by almost $100 million compared to the same month the year prior. While the NFL team in the state struggled to put together wins in 2022, the sportsbooks were winning regardless.

Arizona sports betting tops $500 million in December

According to the latest release from the Arizona Dept. of Gaming, bettors across the state placed wagers worth more than $572.4 million in the final month of 2022. That’s an increase of about 12.8% from December 2021‘s $449.2 million in bets.

That activity also led to a far better holiday season for the apps and physical sportsbooks. In 2021’s final month, those books reported $17.2 million in adjusted gross revenue. To close out 2022, the same won over $37.3 million. The increase there come
s to about 53.9%.

Thus, the state coffers had a joyous holiday as well. Arizona sportsbooks pay a 10% rate on their revenue from online sports betting and 8% on the same from in-person wagers. The roughly $3.7 million makes for a good way to close out a year. Some of the individual sportsbooks contributed to that pot more than others.

FanDuel celebrates a holiday haul

FanDuel Sportsbook was like the kid who got the next-gen gaming console on the block first in December 2022. FanDuel reported $15.4 million in revenue for the month, accounting for around 40.8% of the statewide total. No other licensee even eclipsed $10 million in win during December 2022.

FanDuel also plowed the path in terms of accepting the most dollars in bets. The gap wasn’t as big there, however, between it and DraftKings Sportsbook. FanDuel took $182 million in wagers while DraftKings accepted $171.9 million.

Combined with BetMGM Sportsbook, the top three operators in terms of dollars wagered accounted for over 78% of all the money bet during December 2022. Bettors put down around $94.2 million on BetMGM throughout the month.

Even though the Arizona Cardinals finished their season 4-13 and missed the playoffs, interest in NFL action among Arizonians was apparently high to finish 2022. The numbers set the stage for a happy new year for sportsbooks.

Photo by Playin USA