Arizona bookmakers reported nearly $470 million in betting and more than $50 million in gross gaming revenue as of last November in 2021.
According to PlayAZ, the state became the fastest to reach $1 billion in monthly revenue after launch.
Online and retail bookmakers produced $466.7 million in bets for November, 4% less than in October. Analysts called it a modest drop, as October offered five full weekends of NFL and college football games.
During November, average betting volume was $15.6 million in bets per day, down slightly from $15.7 million in bets per day for October.
Gaming gross revenue (GGR) for November was up 27% compared to the previous month. After $18.4 million in promotional credits, the state taxed $31.9 million in gross event betting proceeds, which produced $3.2 million in privilege fees for the state.
Fastest state to generate $1 billion in sports betting
For the year, the state’s sportsbooks raised $1.2 billion in bets, making Arizona the fastest place to reach $1 billion in US history.
Gross revenue for 2021 was $121.2 million, which was the highest of any state during its first three months. Arizona bookmakers also produced $4.2 million in privilege fees for the state.
Online bookmakers generated 98% of the state’s revenue, with retail bookmakers accounting for $7.4 million.
DraftKings led the market with $148.7 million in stakes; this was down from October’s $120.8 million. FanDuel came in second with $118 million and BetMGM followed with $93.2 million in stakes.
The leaders were followed by Caesars, Barstool WynnBet, Rush Street, TwinSpires and Unibet. With the launch of SuperBook Sports and Fubo Sportsbook in December 2021, and SaharaBets in January 2022, Arizona is now home to 12 sports betting operators.