Early this week, the Arizona Department of Gaming released a report showing how much money Arizona sportsbooks handled in April 2022.
According to the authority, $512.9 million in wagers was recorded.
Despite the fact that the April total was a 25.8% decrease from March 2022’s record-total of close to $700 million, analysts are nevertheless impressed with the state’s progress.
It was reported that Arizona had the sixth-largest handle in the US during April, an excellent number considering that its sports book market is still in its fledging stages and that it only launched in September last year.
According to the director of the Arizona Department of Gaming, Ted Vogt: “Event wagering levels continue to look strong in Arizona, with over half a billion dollars wagered during April. I am excited to see how the state closes out its first year of legal event wagering in the coming months.”
Key Points from the Arizona Sports Handle Report
- Adjusted gross sports betting revenue for sportsbooks – $29.2 million.
- Taxable revenue for sportsbooks – $16.5 million.
- 7 out of 18 sportsbooks turned in taxable revenue totals.
- Four operators reported on losses.
- Taxes for the state of Arizona in April 2022 – $1.6 million.
- Mobile sports betting – accounted for 99.3% of overall handle ($509.5 million)