Browse articles by topic

Arizona betting operators bring in $31.8m after free bets in November


Operators in Arizona reported adjusted sports betting revenue after free bets of $31.8m for November, up more than 200% month-on-month, despite lower spending.

Across both retail and mobile, $466.7m was wagered throughout the month, a monthly loss of 4.0%.

Mobile sports betting wagers totaled at $459.2m, while retail sports betting came to $7.4m.

Mobile sportsbooks paid out $408.5m in winnings, while retail paid out $6.7m. This comes to $415.3m in total, a decline of 15.0% from October.

As a result of these winnings, revenue before free bets stood at $50.2m, up 36.3%.

However, this total included $18.3m in free bets. This is down 29.6% month-on-month. Mobile generated the grant majority of free bets at $18.3m, with retail adding $15,279.

As a result, taxable revenue was $31.8m, up from $10.4m in October.

Two of the state’s retail sportsbooks reported numbers for the month – FanDuel generated $4.6m, while Caesars made $2.7m.

DraftKings‘ mobile sports betting led the way in mobile wagers with $148.7m, followed by FanDuel with $113.2m. BetMGM came in third with $93.1m wagered.

Arizona’s sports betting market launched in September 2021 after an amended compact bill was approved by the US Department of the Interior.

The bill allowed players to place bets at tribal casinos and sites that are owned by major league sports teams in the state.