The Arizona sports betting market reached record numbers in recent months. As a result, many sportsbooks want to be part of it. One of them is Betfred, which made its Arizona sports wagering debut Monday.
On Tuesday, the Arizona Department of Gaming uncovered a record $499.2 million was wagered in December.
December's AZ record handle is up almost 7% from November's $466.7 million and an increment of 2.7 percent contrasted with October's past record of $486.1 million.
While Arizonans wagered record sums, AZ sportsbooks are giving out promotions. Also, their taxable revenue remained low.
Arizona Sports Betting Market
Arizona sportsbooks held 7.7 percent for $38.6 million in income. The administrators deducted $21.3 million in special credits, carrying changed income to $17.3 million.
According to a gambling blog, the state gathered $1.7 million in charges in December.
In November, sportsbooks held 11% for a record $51.4 million in sports wagering income.
According to pay per head bookie experts, Arizona bettors puts practically all bets on the web, with almost 100 percent, or $494.5 million, of the total handle coming from mobile sportsbooks. There were 11 online sportsbooks live in December.
DraftKings controlled 29.5 percent of the mobile market with $146 million in handle. FanDuel Sportsbook took $128.5 million for close 26.0 percent of the market. BetMGM Sportsbook likewise hits nine figures, taking $103.8 million in wagers.
In December, Betfred sent off stands at the We-Ko-Pa Casino Resort in Fort McDowell. The Fort McDowell Yavapai Nation owns the resort, which got a permit in August 2021. According to NFL betting tutorials and news sites, they are one of the initial 18 Arizona sports wagering licenses.
There is a transitory wagering station in the WKP Sports and Entertainment Sports Bar. Later this late spring, a long-lasting retail sportsbook will open at the resort.
In January, the Arizona Coyotes sent off SaharaBets, while Hard Rock Digital reported its association with the Navajo Nation.
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