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The Arizona Department of Gaming has unveiled staggering statistics for March 2024, revealing a record-breaking $759.8 million in sports betting wagers for the month. A significant portion of this colossal figure, amounting to $752.4 million, was attributed to online betting via sportsbook apps.
Online platforms continued to reign supreme, capturing the lion’s share of the handle with a staggering $37.2 million in revenue. Industry titans FanDuel and DraftKings led the online charge, with FanDuel boasting $265.1 million in wagers and DraftKings closely trailing at $255.3 million.
Caesars and BetMGM also made notable strides in the digital arena, with Caesars securing an online handle of $50.7 million and BetMGM just shy of $94 million. Surprisingly, Bet365 edged past ESPN Bet with an online handle of nearly $29.3 million, eclipsing ESPN Bet’s $26.9 million.
In contrast to the online frenzy, retail sports betting in Arizona saw limited participation, with only four operators offering brick-and-mortar services. Despite the presence of industry heavyweights like DraftKings and FanDuel, both Caesars and BetMGM struggled to surpass the $1 million mark, reporting retail handles of $705,612 and $650,512, respectively.
Arizona’s journey into the realm of legalized sports betting began in April 2021, culminating in a flurry of activity when betting officially commenced in September of the same year. Notably, the state boasts a rich tapestry of professional sports partnerships, with iconic teams like the Arizona Cardinals, the Diamondbacks, and the Phoenix Suns joining forces with leading sportsbook operators to establish on-site betting facilities at their respective venues.
Despite the overall surge in betting activity, some operators found themselves lagging behind in the digital race. Bally Interactive reported a modest $798,700 in wagers placed, while Golden Nugget Online Gaming recorded the lowest online handle among operators, with just $284,269 wagered on the app.
The remarkable growth trajectory in March 2024 represents a 17.8% increase year-over-year compared to March 2023, underscoring Arizona’s emergence as a formidable player in the dynamic landscape of sports betting.