Arizona Bettors Set New Milestone Industry

Arizona Bettors Set New Milestone in March 2024

By Amelia Walker Senior Content Writer Updated: 12 June 2024

Amelia Walker Senior Content Writer

Amelia Walker is a Senior Content Writer at Betting.US. She has a law degree and deep knowledge of the gambling laws in the United States. Her mission is to keep players informed about responsible gambling, while her passion for sports helps her create useful guides. Amelia has over a decade of experience in betting, which has positioned her as a trusted voice among our readers.

See Full Bio

It has been revealed that in March 2024, Arizona experienced a surge in sports betting activity, with bettors setting a new milestone. The data was unveiled in a recent report from the Arizona Department of Gaming.

Data shows that bettors in the state collectively wagered $759.8 million on sports events, marking an increase of around 17.8 percent compared to March last year. This milestone highlights the rising popularity of sports betting within the state. Many believe that March Madness had a huge impact on sports betting activity over the course of the month.

Sports betting expert Chris Altruda said:

Though the Arizona Department of Gaming does not break out handle figures by sport-specific categories, it is evident that Phoenix serving as host of the Final Four gave plenty of sportsbooks a heightened bounce when it came to March action.

The Arizona Department of Gaming is the regulatory body that oversees various gaming activities, including tribal gaming, racing, and event wagering. In addition to this, ADG supports education, prevention, and treatment programs for those affected by problem gambling. This is through its Division of Problem Gambling, which also offers a helpline for those looking for support.

Impressive Growth within the Arizona Sports Betting Industry

The legalization of sports betting in Arizona took place in April 2021, and legal sports betting came into effect in September of that year. The industry has since seen impressive growth, resulting in the record-breaking figures seen in March 2024.

Online sports betting has become dominant within Arizona’s sports wagering sector, with bettors wagering $752.4 million through online sportsbooks. This online handle reflects the popularity of digital platforms among bettors.

Leading the way when it came to online betting were familiar names, FanDuel and DraftKings, as reported in a recent press release from the Arizona Department of Gaming. FanDuel reported $265.1 million in wagers and DraftKings reported $255.3 million.

Other well-known operators such as Caesars and BetMGM also had a big impact on the overall online handle, and officials believe that this shows that the market is both diverse and competitive.

Impact of Retail Sports Betting Operators

Although online betting took center stage, as it does in regulated gambling markets nationwide, retail sports betting also made its mark when it came to the state’s overall wagering activity. Four operators offered retail betting services, which were DraftKings, FanDuel, Caesars, and BetMGM.

However, Caesars and BetMGM did not reach the $1 million mark in the retail handle, which many believe is an indication of the challenges brick-and-mortar establishments face in today’s digital era.

According to reports, the exciting sports scene in the state has helped to boost the growth of sports betting. Officials said that a number of professional sports teams have formed partnerships with sportsbook operators.

There have been partnerships between teams such as the Arizona Cardinals, the Diamondbacks, and the Phoenix Suns with leading operators, such as BetMGM, Caesars, and FanDuel. This has helped to create an even more exciting sports betting experience for sports fans in the state.