Arizona Sports Betting Achieved Second Highest Monthly Handle

Arizona sports betting handle for March was $644 million. It is the highest monthly handle for 2023. Also, it is the second-highest month in sports wagers since the launch of sports betting in Arizona.

According to gambling and sports news reports, Arizona got its best sports betting handle in March 2022 at around $690 million. Also, it is the fifth time the state got at least $600 million in wagers. The Arizona Department of Gaming is looking forward to seeing how sports gambling progresses in the remaining months of Fiscal Year 2023.

Players wagered more than $591 in January and around $610 million in February. Also, most players used mobile apps to wager in March. According to the best sportsbooks, players wagered around $640 million using mobile apps. On the other hand, players wagered more than $5 million via retail sportsbooks.

The online market share increased slightly from February’s 84%. The most popular sports to bet on in March were basketball ($142.3 million), baseball ($54.7 million), and hockey ($37.6 million).

More than any other bookmaker, the most significant amount was bet at FanDuel, over $257 million. Winners received little over $591 million, while bookmakers retained $53.4 million.

Arizona Sports Betting Handle

This year, there is extra-regional interest because three teams from the same state made it to the NCAA Tournament.

With an ASU First Four victory over Nevada, the state’s two other significant universities joined Arizona in making it to the NCAA tournament. The three teams did not get past the first round.

The ADG also announced that it had issued provisional licenses to four more sports betting operators, bringing the number of licensed operators in Arizona to 16. The new entrants are BetMGM, DraftKings, FanDuel, and PointsBet, which will partner with tribal casinos and professional sports teams to offer online and retail sports betting in the state.

Arizona launched its regulated sports betting market on September 9, 2022, becoming the 27th state to legalize sports wagering in the US. The state allows up to 20 online sports betting licenses, 10 for tribal casinos and 10 for professional sports teams and venues. The ADG expects to issue the remaining four licenses by the end of June 2023.

You can also become a bookie. All you need to do is use a pay per head solution. However, make sure you check the bookie pay per head features to ensure it has all you need to run a sportsbook.