Arizona’s sports betting industry continues to break records, with November 2024 seeing a total handle of $897.6 million, marking a 25.8% year-over-year surge. Online betting accounted for over 99% of wagers, reflecting the growing reliance on digital platforms. Adjusted gross event wagering receipts nearly doubled from November 2023 to $84.1 million. FanDuel and DraftKings lead the market, with FanDuel generating $29.9 million in adjusted revenue from a $288.6 million handle.
The state collected $5.7 million in sports betting taxes, with the majority coming from online operators. With online betting dominating the market, Arizona is expected to focus on digital-first strategies for regulation and tax collection. The rising hold percentages indicate a strong market efficiency, as operators optimize risk management for sustainable profitability.
Arizona’s sports betting market shows no signs of slowing down, with the state expected to sustain its strong momentum into 2025. With a potential to surpass the $1 billion monthly handle mark in the future, Arizona remains at the forefront of the sports betting revolution in the U.S. Online betting continues to dominate, highlighting the industry’s thriving ecosystem.
Overall, Arizona’s record-breaking performance in November 2024 cements its position as a leading market in the U.S. gambling landscape. With key operators solidifying their dominance, the state’s sports betting industry is set to continue its upward trajectory.
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