DraftKings Arizona Highlights $466.7 Million November Betting Handle
To say that Arizona sports betting got going at the perfect time would be a massive understatement. Legal sports wagering in the Grand Canyon State officially rolled out on September 9th, 2021, which happened to coincide with the kickoff of the NFL season with the Tampa Bay Buccaneers facing off against the Dallas Cowboys. Combining a primetime game with the launch of several sportsbooks was a recipe for success, and the numbers have confirmed it. From the rollout date in September to the end of October, the Arizona sports betting handle saw over $777 million in wagers placed. September brought in $291.2 million in wagers, followed by $486.1 million in October. And that’s not looking to slow down anytime soon. Here’s what you need to know about the November numbers for Arizona sports betting.
Arizona Sports Betting Handle November Numbers Are In!
If the current numbers are any indicator, the future is bright for sports betting in sunny Arizona. According to Legal Sports Report, sportsbooks in the Grand Canyon State saw a total handle of $466.7 million in November of 2021. These numbers, which originally came from the Arizona Department of Gaming, are definitely massive, although a very slight dip from the previous month’s $486.1 million handle. Even so, this consistency from month to month means that Arizona is looking to be a major force in legal sports wagering.
DraftKings Hits Big as Sportsbooks Bring In Profits
With all that betting cash coming in, how did the sportsbooks do? Well, in total sports betting operators in the state brought in $51.4 million in total revenue. This represents an 11% total hold for the sportsbooks. The sportsbooks did take a bit of a hit when it came to promotions and free bets in November, with a total of $18.4 million given out. This brought down overall revenue for the sportsbooks, something the state saw in the first two months of legal wagering as well.
Online sports betting dominated in Arizona, with 98.4% of the handle wagered online. The most popular online sportsbook in November? DraftKings Sportsbook. Throughout November, DraftKings accounted for $148.7 million in total wagers, representing 32.6% of the overall Arizona sports betting market. FanDuel Sportsbook, the longtime rival of DraftKings, saw a handle of $113.3 million, keeping 24.7% of the Arizona sports wagering market. It was definitely a tight competition in November, with BetMGM Arizona having 20.3% market share, Caesars Arizona with 13.9%, and a number of other betting platforms under 5%.
What To Expect From The Future
If you’re thinking that Arizona sports betting is going to lose steam, think again. The numbers on December and January sports wagering should be quite interesting once they finally roll in. However, it’s going to be especially interesting to see the February betting handle in the state, with Super Bowl LVI scheduled for February 13th. Considering that sportsbooks will have had numerous months to build up fans, the incoming news on the Arizona sports wagering handle will continue to be fascinating.