Arizona Sports Betting Set Record For Monthly Handle In March

Arizona Sports Betting Set Record For Monthly Handle In March

Arizona has quickly established itself as a mature sport betting market despite launching less than a year ago. The most recent report from the Arizona Department of Gaming shows nearly $691 million in wagers for March 2022, which is $127 million more than the previous state record set in January 2022. 

Of the states we have sports betting numbers for, Arizona’s $691 million in wagers ranks sixth-highest in the US. Only New York, New Jersey, Illinois, Nevada, and Pennsylvania had higher totals.

The state of Arizona took in $1.7 million in revenue for the month, bringing the total money generated for the state’s General Fund to over $10 million.

The Suns went 13-2 in March, while both of the Arizona Wildcats’ basketball programs competed in March Madness, pushing Arizona sports betting wagers to a record.

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Arizona Sports Betting Record Sparked By Mobile Wagering

Mobile sports betting has been dominating the wager totals in Arizona, and March 2022 was no different. Of the $690.9 million in bets placed in the Grand Canyon state in March, 99.5% came from mobile wagers. In fact, the retail numbers for March were the lowest they had been since sports betting officially launched in September 2021.

For the wagering reports currently released by the Arizona Department of Gaming, from September 2021 through March 2022, there has been a total of $3.4 billion in wagers placed in Arizona. Of that, 99% of wagers have been placed through the 18 sports betting apps licensed in the state. 

It will be interesting to see how, or if, retail betting bounces back in April considering the handful of home playoff games for the Phoenix Suns. Because of their partnership with FanDuel, there is a retail sportsbook located inside the Footprint Center. The money wagered at the Suns’ home court accounts for 71% of all retail wagers.

While the upcoming openings of key retail sportsbooks — Caesars at Chase Field, BetMGM at State Farm Stadium, and DraftKings at TPC Scottsdale — will certainly help boost Arizona’s retail wagers, there’s no doubt mobile wagering will remain king for Arizona sports bettors.

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Notable Arizona Sportsbooks Wager Totals

DraftKings

As has been the case in six of the seven months of reports we have from the ADG, DraftKings was the lead dog in Arizona. The $230.2 million wagered with the black and green app accounted for a third of all bets placed across the state. This number also smashed DraftKings’ previous state record of $173 million, placed in January 2022.

FanDuel

FanDuel also enjoyed a monthly high, coming in behind DraftKings with a total of $184.5 million in wagers placed. Prior to March, FanDuel’s Arizona record was also in January 2022, with $149.9 million. 

BetMGM

BetMGM claimed its third month of over $100 million in wagers, this time hitting a record in Arizona of $133.7 million. BetMGM has held steady in third place in terms of the amount of wagers since betting was launched last September. After partnering with the Arizona Cardinals, it’s not likely that BetMGM will be knocked out of the top three for Arizona sports bettors.

Caesars

Caesars has seen its sports betting handle in Arizona rise each month of 2022. The sportsbook had not had a month with more than $78 million in wagers when it hit $95.3 million in March 2022. The brand new Caesars Sportsbook at Chase Field should be open in the coming weeks, as it was previously reported it would be ready for Opening Day.

What To Expect Going Forward For Arizona Sports Betting

There’s certainly going to be a temporary dip in sports betting totals moving forward for Arizona, as is the case across the country. The NBA Finals and NHL Stanley Cup playoffs will be wrapping up, which leaves US sports bettors staring at MLB as the only major sport from the end of June through August. 

Once the new football season kicks off, however, we can expect Arizona’s numbers to jump right back up. There will be additional excitement this year, as Super Bowl 57 will be held at State Farm Stadium, home of the Arizona Cardinals. The BetMGM Sportsbook at State Farm Stadium is expected to be open at the beginning of the 2022-2023 season, setting up a huge year for Arizona sports betting.

The Cardinals will open their season on Sept. 11 at home against the Kansas City Chiefs, while the Arizona State Sun Devils take on the Northern Arizona Lumberjacks on Sept. 1, and the Arizona Wildcats will face the San Diego State Aztecs on Sept. 3.