Arizona betting handle declines again in June
The Arizona Department of Gaming reported a further drop in the state’s sports wagering handle in June, with player spending falling 30.9% month-on-month.
Consumers wagered a total of $318.8m on sports during the month, down from $461.5m in May. Of this amount, $316.0m was spent betting on sports on mobile, with the remaining $2.6m bet at retail sportsbooks.
Players won $306.2m from sports betting in June, which resulted in $15.4m in revenue for licensed operators, down 721% from $55.2m in the previous month.
After accounting for $9.2m worth of free bets and promotional credits, taxable revenue for the month was $7.7m, a drop of 81.4% from $41.4m in May.
FanDuel once again led the way in terms of handle, taking a total of $106.3m in bets, some $104.0m of which were via mobile and $2.3m retail. DraftKings placed second with $92.8m in online bets, then BetMGM with $59.7 worth of online wagers.
Turning to gross revenue and FanDuel also claimed top spot with $7.4m in revenue, ahead of BetMGM with $5.3m. DraftKings paid out $96.0m in winnings to players, meaning it made a loss during the month.