Arizona Sets State Betting Handle Record in March
Rebecca Noble/Getty Images. Pictured: Christian Koloko and Bennedict Mathurin
Arizona sports betting continues to be among the leaders in online gaming in 2022.
The Grand Canyon State brought in almost $691 million in sports betting revenue in March, according to statistics from the Arizona Department of Gaming. Arizona surpassed its previous high mark which was set in January 2022 by almost $127 million.
The three sportsbooks that led the way were DraftKings, FanDuel and BetMGM, which generated a combined $551.4 million in March alone. The three books generated 79.4% of the total revenue.
Here are the individual earnings for each of the top three books:
- DraftKings = $230.2 million
- FanDuel = $187.5 million
- BetMGM = $133.7 million
Since legal online sports betting launched in September 2021, all three books have led the way for sports betting in Arizona. That is expected to continue as the books look to create more partnerships with teams and casinos in the state.
FanDuel may have an upper hand long term, as they generated almost $3 million from their existing partnership with the Footprint Center, which is home to the Phoenix Suns.
What to Expect From the Major AZ Sportsbooks Moving Forward
Since most professional sports leagues are in their offseason or wrapping up soon, baseball is the only major professional league with games being played until September, when the 2022 NFL season begins.
The Arizona Cardinals will offer a new BetMGM Sportsbook at State Farm Stadium this upcoming season. This addition will mark the first sportsbook to open a retail location at an NFL stadium.
Caesars has an existing partnership with Chase Field, which is home to the Arizona Diamondbacks.
TPC Scottsdale, which is operated by the PGA Tour, will open a retail sportsbook with DraftKings within the next two years.
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