Arizona sees record sports betting revenue in November
Arizona sports bettors were thankful for the opportunity to legally wager on sports online in November 2023. Their gratitude showed more during that month than in any other since that activity began in the state.
According to the Arizona Dept. of Gaming’s November 2023 revenue report, the amount of money that Arizonans put down on sports bets during November 2023 surpassed the old single-month record of $690.9 million in March 2022 by a significant margin. Most of that action went down on NFL games and other related markets.
That amount of money also represented a 13.6% improvement over dollars bet on Arizona’s licensed sportsbooks in November 2022. The sum pushed the running total of dollars wagered for the current fiscal year to $2.6 billion, which is up 8.7% from the first five months of FY2022-23.
While that means sportsbooks were busy, a lot of that activity was just passing funds from one bettor to another. The portion of the money that the books kept and passed onto the state via taxes was anything but record-breaking.