Arizona Department of Gaming Releases June Report, Betting Handle Drops 31%
The Arizona Department of Gaming has released its June monthly report, which states that the total sports betting handle was $318.7 million in the said month. The number represents a massive 31% drop from the $461.4 million handle in May.
Arizona Was Ranked 6th Nationally in Handle and a Majority of Bets Were Made Online
According to the report, $315.9 million of the total handle came via mobile bets. Additionally, Arizona ranked 6th nationally in total handle.
Payouts were decent in the month as the total winnings by players reached $306.2 million. Mobile winnings reached $303.3 million, whereas retail winnings were $2.9 million.
FanDuel, which is set to launch its own sports TV network, was the biggest winner in June. Its retail handle was $2.3 million and its mobile handle reached $103.9 million. Caesars (American Wagering) had a $331,583 retail handle and its mobile sports betting handle reached $59.7 million.
DraftKings/Crown Gaming’s mobile revenue reached $92.8 million, followed by BetMGM ($59.7 million) and Penn Sports (Barstool Sports), whose mobile revenue was $9.3 million. Rush Street Interactive’s mobile handle was $3 million SBOpco, LLC (SuperBook) had a $2.7 million mobile sports betting handle.
The top 5 operators in terms of payouts were FanDuel ($96.4 million), DraftKings/Crown Gaming ($96 million), BetMGM ($54.3 million), Caesars (American Wagering) ($32.2 million), and Penn Sports (Barstool Sports) ($8.5 million).
Ted Vogt, the director of ADG, stated that even though June was relatively slow, Arizona’s numbers were still strong on a national level. He noted that the operators contributed more than $750,000 in privilege fees. According to Vogt, the total amount of privilege fees since the start of legal sports betting operations in the state reached almost $17 million.
Arizona’s FY2022 Resulted in $2.7 Billion in Gross Gaming Revenue
Recently, ADG also released its FY2022 report. During the period between July 1, 2021, and June 30, 2022, the total GGR reached $2,709,320,418. Aggregate revenue (tribal contributions) that were deposited in the Arizona Benefits Fund reached $123,645,398 (interest thereon included).
The annual report shared details as to how the money will be distributed. The Arizona Benefits Fund received 88% of the total annual contribution of each gaming tribe. The ADG will use 9% of $8 million (whichever number is greater) for “reimbursement of administrative and regulatory expenses.”
Then, 2% of the contributions will be used to fund programs related to gambling harm treatment and education.
The rest of the money will be distributed in the following way – 56% of the money will be deposited in the Instructional Improvement Fund. The Trauma and Emergency Services Fund will receive 28% of the money and the Arizona Wildlife Conservation Fund will receive 8% of the money.
Finally, the e Tourism Fund Account will receive an additional 8% of the money. The report states that the ADG will distribute the money on a quarterly basis.
The remaining 12% that is not deposited to the Arizona Benefits Fund will be contributed to cities, towns, and counties.
Filip Mishevski has been covering online gambling and cryptocurrencies for the past few years. He has written countless articles, how-to-guides, insights and news, and is keen on sharing his extensive knowledge in the aforementioned fields. He’s very passionate about soccer and MMA and is interested in how the online gambling industry will shape our future and thus, influence our lives.
