Arizona sports betting revenue drops to $24.4m in February

The state’s handle for the month was some way behind the record $563.7m set in January of this year, with $488.3m being wagered online and the remaining $3.4m at retail sports betting facilities.

Players won a total of $466.0m, which left $24.4m in gross revenue before free bets, down from $40.5m in January.

After accounting for $17.6m worth of free bets and promotional credits issued in the month, this left $6.9m in taxable revenue, down 64.8% month-on-month. The state was also able to collect $670,686 in tax from sports betting in January.

Looking at individual operator performances, FanDuel claimed top spot in terms of wagers processed, taking $142.5m in bets during February. DraftKings placed second with $131.7m, then BetMGM on $99.8m.

However, DraftKings ranked first for gross revenue with $9.8m, ahead of BetMGM on $8.6m and Caesars with $2.3m. FanDuel was fourth with $2.0m in gross revenue.