Arizona sports bookmakers reported the busiest debut month in the history of legal sports betting in the US, with nearly $300 million in betting for September.
The state’s online and retail sports bookmakers had $291.2 million in betting for September, according to data released by the Arizona Department of Games.
The best previous market debut record was $131.4 million, set by Tennessee in November 2020.
Check the numbers in detail
Arizona generated $32.3 million in gross gaming revenue from September 9 to the end of the month, which is also the best in history for a state in its first month of legal sports betting.
Net income was $31.6 million; after $31.2 million in promotional credits, the state taxed $392,418 in gross betting proceeds on events, producing $31,293 in fees for the state.
Online sports betting produced 99% of the state’s total revenue, with bookmakers recording $2.6 million in betting. Among the sports bookmakers in the state were: FanDuel, DraftKings, Barstool, BetMGM, Caesars, TwinSpires, Unibet and WynnBet.
DraftKings led the market with $97.7 million in betting, followed by FanDuel with $57.7 million.
C.J. Pierre, Principal Analyst at PlayAZ, commented: “Arizona has enormous potential as a market, but it is encouraging for the industry to see such a strong debut. Setting a record in the first month would qualify the market as a market on the right foot.”
“The next question is how quickly the state can rush and compete with more established markets. It looks like this won’t take long,” concluded Pierre.
Sports Betting in Tennessee
By 2020 it was reported that Tennessee sports betting could generate $6 billion in betting annually once the market reaches maturity, according to the PlayTenn portal.
“Tennessee’s gambling industry will be purely a product of the movement to legalize gambling, with a unique regulatory framework and online operators unrelated to any conventional retail casino,” said Jessica Welman, an analyst at PlayTenn.
She added: “The potential for Tennessee is significant, but the state is working with many variables ‘that make it atypical among legal markets.”
The state continues to record large numbers and the year 2022 may be one of the best for the state, as well as for Arizona.
