Arizona’s sports betting industry saw major growth in September, with bettors wagering about $732 million, marking a 20% increase compared to the same month last year.
The state collected $3.96 million in privilege fees, while operators generated $39.697 million in revenue, the sixth-highest monthly total in Arizona’s three-year history of regulated sports betting.
The growth in Arizona mirrored a broader national trend, as U.S. sports betting revenue hit a record-breaking $1.374 billion in September, surpassing the previous high of $1.311 billion set in January 2024. The milestone was fueled by a combination of new records in 13 states and Washington D.C., alongside strong performances in major markets like New York and Arizona.
Despite falling short of a state record, Arizona’s revenue showcased the state’s growing stature in the U.S. sports betting market. It ranked among the top contributors to the September surge, alongside New York, which reported $206 million in revenue.
Of the states that set records for revenue in September, neighboring Nevada led the month with $80.856 million in revenue, followed by Massachusetts ($73.488 million), Maryland ($62.530 million), and Colorado ($41.571 million). Smaller states, such as Wyoming ($2.953 million) and South Dakota ($216,000), also posted record revenues, underlining the widespread growth of sports betting across the country.
September marked the fourth time in 2024 that U.S. states collectively surpassed $1 billion in monthly sports betting revenue, joining January, April, and May. Industry experts attribute the surge to the kickoff of the NFL and college football seasons, which drive betting volumes nationwide.
Looking ahead, October could bring new records as the sports calendar intensifies. New York has already set a handle (total bets placed) record of $2.33 billion, with Arizona’s figures expected by year-end.
With basketball seasons set to join football in driving engagement, analysts anticipate the U.S. sports betting industry will continue its record-breaking trajectory into the fall.
Original article: https://www.yogonet.com/international/news/2024/11/25/86472-arizona-sports-betting-revenue-rises-as-us-sets-national-record-in-september-2024
