Arizona Sports Betting Revenue Up 20% Year-Over-Year in July

Arizona bettors wagered $410.1 million during the month, marking an increase of around 26.9% from last July’s $323.2 million.

Mia Doyle - News Editor at Covers.com
Mia Doyle • News Editor
Oct 16, 2024 • 12:28 ET • 4 min read
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The Arizona Department of Gaming (ADG) released its sports betting figures for July this week. The state’s mobile and retail operators combined for $41.5 million in revenue before deductions, marking a 20.1% jump from last year’s $34.6 million. However, at the same time, revenue fell 10.2% from the $46.2 million collected in June. 

After deductions from free bets and promotional credits, revenue was around $29.0 million, up 8.1% year-on-year but down 8.3% from June. 

In total, Arizona bettors wagered $410.1 million during the month, marking an increase of around 26.9% from last July’s $323.2 million. However, handle was down 9.7% month-over-month compared to the $454.1 million wagered in June, the month of the NBA Finals. 

Which sportsbooks contributed most? 

Online operators once again dominated the market, accounting for around 98.7% of the handle or $404.8 million. The state’s two leading operators, DraftKings and FanDuel, combined for more than half of the handle.

Operator July Handle July Revenue
DraftKings  $146.4 million  $16.1 million 
FanDuel  $125.8 million  $13.8 million 
BetMGM  $47.7 million  $4.1 million 
Caesars  $25.0 million  $1.9 million 
bet365  $20.1 million  $1.9 million 
Fanatics  $16.1 million  $1.4 million  

Caesars and FanDuel dominate retail wagering 

The remaining $5.4 million was spent with the state’s four retail sportsbooks. Caesars contributed the most to the retail handle, with close to $1.9 million spent there. FanDuel Sportsbook followed closely with $1.8 million in revenue. DraftKings’ handle reached nearly $1.5 million, while BetMGM contributed the remaining $221,000. 

However, in terms of adjusted gross receipts (AGR), FanDuel took the top spot. The operator paid out around $1.6 million in winnings, resulting in a profit of $192,000. Meanwhile, Caesars paid out over $1.8 million in winnings, reporting a significantly lower AGR of $25,110, taking it to third place in terms of revenue. DraftKings reported the second-highest revenue of $57,914. 

Arizona sports betting projections 

Arizona has been slower than other states in releasing its sports betting data, with some states, such as Indiana and West Virginia already reporting results through September. Trends from these states indicate that September, fueled by the return of the NFL season, typically delivers strong revenue growth. 

The latest Arizona sports betting results bring the calendar year 2024 total handle to almost $4.2 billion. Meanwhile, the 2025 fiscal year total stands at $864.3 million, combining June and July’s totals.  

Arizona legalized sports betting in April 2021, just under three years after the U.S. Supreme Court repealed the Professional and Amateur Sports Protection Act in 2018. Sportsbooks launched in September of the same year. Since then, the state has generated more than $18.5 billion in wagers.

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Mia Doyle - Covers
News Editor

Mia started her journalism career straight out of the University of Leeds in England, where she got her business degree. Her time in Leeds taught her two things: Firstly, the English Premier League has the best soccer in the world. Secondly, when it comes to journalism, you always have to be ahead of the curve and look for the next breaking story and fresh perspective. Being a gambling reporter for Covers, Mia is always on the hunt for the next big story about the industry’s partnerships, innovation, revenues, legislative changes, and any other news that readers will find interesting.

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