Arizona
March madness: Arizona sportsbooks set monthly record for money bet
PHOENIX – Buoyed by the insanity of the NCAA basketball event, Arizona sportsbooks dealt with a month-to-month document of almost $700 million in occasion wagering in March.
The March deal with was slightly below $691 million, about 40% increased than the February whole, the Arizona Gaming Division reported Monday.
Bettors collected simply over $652 million in winnings for the month, and the state took in about $1.7 million in privilege charges on the motion.
With greater than $230 million in wagers by means of its app, DraftKings had the biggest March deal with among the many state’s approved sportsbooks.
FanDuel was subsequent at about $187 million, with greater than $184 million in bets positioned on-line and almost $3 million at its in-person location at Footprint Heart in downtown Phoenix.
“March was an thrilling month for Arizona occasion wagering, with main sporting occasions like NCAA’s March Insanity serving to set a single-month occasion wagering deal with document,” Gaming Director Ted Vogt stated in a press launch.
The earlier document was about $564 million in January. Betting on sporting occasions has been authorized in Arizona since September 2021.
“I sit up for seeing how the business continues to develop as we end out the primary 12 months of authorized occasion wagering within the coming months,” Vogt stated.