Arizona Sports Betting Market Sees Almost $700 Million in Betting Handle in January

In our latest online gambling news, the Arizona sports betting market sees almost $700 million in bets this January. The $706.4 million handle is much higher than December 2023’s $693.3 million. In addition there is good annual growth in handle as well with a 19.5% year-on-year increase from that of January 2023.

You can use the best bookie software to help you get the data on your sportsbook as well. This is important not just in letting you know if your sportsbook is earning, but it can also give you insights on your sportsbook- like betting trends, popular sports/bet types, and more.

For Arizona, the handle drove sportsbooks to earn $46.1 million in adjusted gross revenue out of the $69.3 million total gross. These are great numbers, and a good continuation of 2023’s performance. Last year, sportsbooks across the state took in $6.5 billion in bets.

Arizona Sports Betting Market

Since January’s numbers show a good margin in year-on-year increases for the handle, then the challenge will be to sustain this to ensure that 2024 will be a better year for sportsbooks in the state. Other states already have their February reports- and they mostly show a decrease in handle. Arizona sportsbooks are probably not exempt from this trend, and could also see a decline in their next report. You can also check your pay per head sportsbook for trends to see if your sportsbook performs similarly to nearby betting markets.

Meanwhile, online sportsbooks in the state continue to be the favorite platform people bet on. The total online sports betting handle for the month sits at $698 million, leaving around $6 million of the handle coming in from retail sportsbooks. You too, can earn a lot from sports betting, once you learn how to start a betting company and launch your very own online sportsbook.

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