The month of December was a great one for sports betting in Arizona, as the revenue generated by the state’s sportsbooks increased by over 100%. This is a significant increase and shows that the industry is thriving in the state.

According to the Arizona Department of Gaming, the total revenue generated by sportsbooks in December was $42.9 million. This is a massive increase from the $20.9 million generated in November. The total handle for December was $422.7 million, which is also a significant increase from November’s $266.8 million.

The increase in revenue can be attributed to several factors. Firstly, December is traditionally a busy month for sports betting, with many major sporting events taking place. This includes the NFL regular season, college football bowl games, and NBA and NHL games.

Secondly, the launch of mobile sports betting in Arizona in December also contributed to the increase in revenue. This allowed bettors to place bets from their mobile devices, making it more convenient and accessible for them.

Another factor that contributed to the increase in revenue was the number of sportsbooks that launched in December. The state approved ten sports betting licenses, which meant that there were more options for bettors to choose from.

The top-performing sportsbook in December was FanDuel, which generated $10.4 million in revenue. DraftKings came in second with $9.1 million, followed by Caesars with $6.3 million.

The increase in revenue is good news for the state of Arizona, as it means more tax revenue for the government. The state collects a 10% tax on all sports betting revenue, which means that they collected $4.3 million in taxes from December’s revenue alone.

Overall, the increase in revenue for Arizona’s sportsbooks in December is a positive sign for the industry. It shows that there is a strong demand for sports betting in the state and that the industry is thriving. With more sportsbooks set to launch in the coming months, it will be interesting to see how the industry continues to grow and evolve.