Do we have a new king of sports betting?
Just a few months after Arizona enacted legal sports betting, it has reportedly become the quickest state to ever reach $1 billion in wagers thanks to an unbelievable November. Arizona sportsbooks received around $470 million in wagers and better than $50 million in gross revenue in the month alone.
Timing was key in this record-setting pace, with the football season being at its height and the beginning of basketball season taking center stage.
“The early launchers caught the vast majority of the football season and they were in position to catch the early excitement created by the Suns’ hot start. Plus, Arizona’s sportsbooks were able to ride a historic wave of winning in November that easily produced record revenue for operators in the U.S. All of it has helped the state’s sportsbooks get off to an unprecedented debut.”
Arizona #SportsBetting continues its hot start, becoming the quickest state to reach $1 billion in wagers after $466 million in bets were placed in November. #GamblingTwiitter #Arizona #PlayAZhttps://t.co/ZCJri7tikD
— C.J. Pierre (@RealCJSports) January 25, 2022
DraftKings was best in the state during November with $148.7 million in wagers while FanDuel was a close second with $118 million. However, DraftKings $12.5 million in gross revenue trailed FanDuel’s $16.0 million. BetMGM was a distant third during November.
