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July Sports Wagering Revenue In Arizona Up More Than 11% Year-Over-Year 104k6b

For the month, sportsbooks took over $323 million in bets, up from $290 million a year ago 275x1

Jeff EdelsteinJeff Edelstein
September 26, 2023
in Industry

Getty Images 525m4u

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The sports wagering handle of $323.2 million for July, which marked a year-over-year increase of 11.3%.

Sportsbook operators took in $34.5 million in gross revenue before promotional wagers and deductions were taken out for a healthy hold of nearly 11%, while the state collected a shade under $2.7 million in taxes for the month.

Breaking it down by FanDuel held on to the top spot in handle, with a total of $113.7 million in accepted wagers. Before promos and deductions, FanDuel’s gross revenue was $13.6 million for a 12% hold.

DraftKings took the second spot, with a handle of $102.4 million and gross revenue of $10.2 million for a hold of 10%.

Best of the rest 6v3h1r

Caesars, at $32.6 million, came in a relatively distant third and fourth, respectively. BetMGM’s gross revenue checked in at $5.9 million for a very healthy hold of 13.6%, and Caesars kept a shade under $2.5 million for a more pedestrian hold of 7.7%.

Barstool followed at $8.9 million in handle and $659,419 in gross revenue before deductions and promos for a 7.4% hold, and the hometown Desert Diamond did $7 million in handle and $586,062 in gross revenue for a hold of 8.4%.

The soon-to-be shuttered Hard Rock Bet ($1.9 million handle, $134,998 revenue, 7.1% hold.)

Rounding out the rest were Golden Nugget at $99,166 in handle.

Notably, all the books — except for SuperBook, which lost a little less than $7,000 — turned a profit for the month.

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Jeff Edelstein

Jeff Edelstein 33h2

Jeff is a veteran journalist, working as a columnist for The Trentonian newspaper in Trenton, NJ for a number of years. He's also an avid sports bettor and DFS player. He can be reached at [email protected].

This site contains commercial content. We may be compensated for the links provided on this page. The content on this page is for informational purposes only.

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