Betting News

Arizona sports betting earns $759.8 million in wagers during March

The Arizona Department of Gaming released a new report recently. According to the report, the state has spent a record 759.8 million dollars on sports wagers in March 2024.

According to a yearly comparison, the amount has increased by a whopping 17.8%. The growth reflects the increasing popularity of the state and nearby legislation.

The primary reason behind the surge can be accounted for by some of the best sports betting sites USA operating in Arizona. DraftKings and FanDuel, the holy duo of sports betting operators, led the charge.

FanDuel was the leading operator, with 265.1 million dollars in wagers. DraftKings closely followed the operator, with a wager figure of 255.3 million dollars. Names like BetMGM and Caesars also made significant contributions to the cause.

It is evident that the online sports betting market is primarily dominant in the state. However, the retail sports betting industry has also made massive progress. Despite the fact that only BetMGM, Caesars, DraftKings, and FanDuel offer retail betting, Arizona has come a long way.

In retail betting, BetMGM and Caesars fell slightly short of hitting 1 million dollars. At the same time, some professional sports teams have also joined hands with sportsbook operators.

Names like the Phoenix Suns, the Diamondbacks, and the Arizona Cardinals are already collaborating with FanDuel, Caesars, and BetMGM. With a record-breaking month on the charts, Arizona is looking forward to making giant strides in 2024. 

The state is ideal for continued innovation and expansion. For sportsbook operators, achieving 17.8% yearly growth in a massive state like Arizona is welcome news. Foreign betting operators can use the latest outcome as a tool to entice them to enter the state.

Edna Boykin

Edna Boykin started her career as a financial news writer. And, she was withal active in stock trading. From the commencement of her vocation, she is passionate about online poker games. As she likes to play poker and roulette, she knows the casino industry exhaustively. She recently joined Times of Casino as a news writer. She regularly contributes in-depth breaking stories and news updates of the casino industry.

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