March Sports Betting in Arizona Reaches $53.4 Million: A Report

Sports betting has become a popular pastime for many people in the United States, and Arizona is no exception. In March 2021, the state saw a total of $53.4 million in sports betting handle, according to a report by the Arizona Department of Gaming.

The report shows that the majority of the sports betting handle came from online sportsbooks, which accounted for $52.5 million of the total handle. Retail sportsbooks, on the other hand, only accounted for $900,000.

The most popular sport for betting in Arizona was basketball, with a total handle of $20.3 million. This was followed by baseball with a handle of $13.6 million, and football with a handle of $10.9 million.

The report also revealed that the most popular online sportsbook in Arizona was FanDuel, which accounted for $17.8 million of the total handle. DraftKings came in second with a handle of $15.6 million, followed by BetMGM with a handle of $8.7 million.

The legalization of sports betting in Arizona has been a long time coming. In April 2021, Governor Doug Ducey signed legislation that legalized sports betting in the state. The legislation allows for both online and retail sports betting, and also permits betting on professional and collegiate sports.

One of the key features of the legislation is that it allows for partnerships between sports teams and sportsbooks. This means that sports teams can partner with sportsbooks to offer exclusive promotions and deals to their fans.

The legalization of sports betting in Arizona is expected to generate significant revenue for the state. According to a study by the Arizona Department of Gaming, sports betting could generate up to $42 million in annual tax revenue for the state.

Overall, the report on March sports betting in Arizona shows that the industry is off to a strong start. With the popularity of sports betting continuing to grow, it is likely that the state will see even higher numbers in the coming months and years.