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Arizona sports betting handle hits $609.3m in February


Consumers in Arizona spent $609.3m betting on sports during February, a year-on-year rise of 23.9% and also a 3.0% month-on-month increase.

The total amount wagered in February was comfortably higher than the $491.7m spent in the same month in 2022, and also up from $591.2m in January this year, despite being a shorter month.

Players wagered $604.9m via mobile during the month, compared to just $3.6m at retail sportsbooks in the state.

Consumer winnings in February amounted to $573.9m, which resulted in $34.0m in adjusted gross event wagering revenue before free bets. This was 39.3% higher than $24.4m last year but 26.4% behind the $46.2m posted in January this year.

Mobile sports wagering accounted for $33.6m of this total, while the remaining $311,022 came from retail betting.

After deducting $17.8m worth of free bets and promotional credits used in February, this left adjusted gross revenue of $16.2m, a year-on-year rise of 134.8% but a drop of 44.1% from January.

Of the total adjusted gross revenue generated during the month, $15.8m came from mobile betting, while $287,127 was attributed to retail wagering.

Sports betting tax amounted to $1.6m, with mobile taxed at a rate of 10% and retail 8%.