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Arizona sees sports betting handle surge in October

| By Richard Mulligan
Bettors in Arizona wagered almost $650m on sports in October 2023, according to figures released by the Arizona Department of Gaming.

The $648.2m (£512m/€590m) put down by bettors in Arizona was a 4.8% increase when compared to October of last year. The figure was also up 6.2% compared to September.

The October 2023 handle trails only the $691m worth of wagers accepted in March 2022.

Almost 99% of betting turnover in Arizona came from mobile betting with just $5.4m from retail. It was the seventh time this year that betting turnover has topped $600m.

DraftKings and FanDuel generated an almost identical amount of mobile gaming turnover, with each reporting around $220m in October. FanDuel was also the biggest retail bookmaker with revenue of $2.1m.

Arizona’s betting win down in October

Players won a total of $591.3m during October, leaving adjusted gross event wagering receipts before free bets of $55.6m. This figure was down compared to the $59.7m generated in September.

Free bets and promotional credits in October totalled $22.6m, almost all of which came from online operators.

After discounting these free bets, adjusted gross event wagering receipts hit $33.0m. This was slightly higher than September.

The state collected approximately $3.29m in privilege fees in the month.

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