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Arizona sports betting revenue up despite handle fall in March


Consumer spending on sports betting in Arizona fell 6.7% year-on-year in March, though the state was able to report a rise in revenue.

Wagering handle for the month was $644.8m, down from $691.0m in March 2022 but 5.8% higher than $609.3m in February of this year.

Players bet $639.9m online and $4.1m at retail sportsbooks across the state.

Bettors won a total of $591.2m during March, while adjusted gross event wagering revenue before free bets was $53.4m. This was 43.6% ahead of $37.2m last year and also 57.1% more than $34.0m in February this year.

Of total revenue, $53.0m was attributed to online wagering, while the remaining $318,760 came from retail betting.

After deducting $16.2m in free bets and promotional credits, this left adjusted gross revenue of $37.1m. This was a year-on-year rise of 98.4% and also a 129.0% increase from February.

Some $36.7m of total adjusted gross revenue came from mobile, while retail accounted for $313,269.

Sports betting tax amounted to $3.7m, with mobile taxed at a rate of 10% and retail 8%.