The June handle was 23.3% ahead of $318.8m in the same month last year but 12.0% behind $446.9m in Arizona in May 2023.
Some $390.3m was spent betting online, with just $2.3m wagered at retail sportsbooks in Arizona.
Players won $364.9m from sports betting, leaving $27.7m in adjusted gross event wagering revenue before free bets. This represented a 79.9% increase from $15.4m in 2023 but an 18.9% fall from $33.9m in May.
Online betting adjusted gross event wagering revenue before free bets amounted to $27.6m. In contrast, retail’s share reached just $31,060.
Free bets in Arizona hit $11.4m
When taking off $11.4m in free bets and promotional credits, adjusted gross revenue hit $16.4m. This was 113.0% up from $7.7m last year but less than half May’s $33.9m total.
Online betting drew $16.3m in adjusted revenue total, compared to $31,060 from retail. The retail figure was unchanged as all bets and promotional credits were for internet betting,
Sports betting tax for June reached $1.6m. Mobile, taxed at a rate of 10%, accounted for almost all tax. Retail, which is taxed at 8%, contributed just $2,485 in tax.
Original article: https://igamingbusiness.com/sports-betting/arizona-betting-handle-june/
