The $648.2m (£512m/€590m) put down by bettors in Arizona was a 4.8% increase when compared to October of last year. The figure was also up 6.2% compared to September.
The October 2023 handle trails only the $691m worth of wagers accepted in March 2022.
Almost 99% of betting turnover in Arizona came from mobile betting with just $5.4m from retail. It was the seventh time this year that betting turnover has topped $600m.
DraftKings and FanDuel generated an almost identical amount of mobile gaming turnover, with each reporting around $220m in October. FanDuel was also the biggest retail bookmaker with revenue of $2.1m.
Arizona’s betting win down in October
Players won a total of $591.3m during October, leaving adjusted gross event wagering receipts before free bets of $55.6m. This figure was down compared to the $59.7m generated in September.
Free bets and promotional credits in October totalled $22.6m, almost all of which came from online operators.
After discounting these free bets, adjusted gross event wagering receipts hit $33.0m. This was slightly higher than September.
The state collected approximately $3.29m in privilege fees in the month.
Original article: https://igamingbusiness.com/sports-betting/arizona-sees-sports-betting-handle-surge-in-october/
