Phoenix Suns anomalies stand out in Arizona sports betting report

Arizona sports betting saw record activity across the state’s sportsbooks and mobile app Vikings in October.

Handled by Arizona Sportsbooks $618.6 million of October,according to Arizona Gaming Authority Last week’s report ranked it among the top 10 most wagered states in brief US history.it was arizona second highest Betting months and ranks since the start of sports betting in September 2021 sixth Among all states in October.

bet increased 15% from September, and 27% From October 2021.

“Arizona’s sports betting industry continues to grow, with over $132 million more wagered in October 2022 compared to the same month in 2021.” ADG Director Ted Vogt said in a statement. “With Super Bowl LVII and the Phoenix Waste Management Open just around the corner, we look forward to seeing how these major sports tourism events impact the state’s sports betting industry in the coming months.”

BET MORE, TAX LESS

generated arizona sports betting $2.9 million In taxes for the month, about $95,000 Fewer than in September as operators won and held fewer bets 7.8% of the handle.they subtracted $19.9 million free play and lose $48 million In game gross revenue.

In addition to the deduction, Arizona imposes a lower amount Ten% Taxes on online sports betting earnings and 8% It’s one of the most operator-friendly states in the nation for retail.

Six states increased their tax revenue in October, but each $90 million bet less, according to LSRsports betting earnings tracker.

DraftKings Dominate Arizona Sports Betting

draft kings made up 35% of the online market $214.7 million at a bet. October is her third, his $200 million month, and Arizona’s other 17 apps haven’t hit a single one yet.

fan duel won the second most mobile bets in $192 millionis the best month in Arizona. Bet MGM was third in $94 millionfollowed by Caesars When $57 million When bar stool When $17.5 million.

Combined with the state’s other 13 apps, the remaining 6.5% of all bets. twin spire When windshield sportsbook Combined $400,000 before completely shutting down in the middle of the month.

What is the business of the Phoenix Suns?

DraftKings leads mobile activity while FanDuel $2.8 million on bets made at retail sportsbooks.

but, FanDuel Sportsbook at the Phoenix Suns Footprint Center posted more $185,000 It’s a loss and it’s the 3rd loss month in the last 5 months. No other retail sportsbook reported losses. He went 4-2 against the spread for the Phoenix Suns in October, according to Lineups.com.

of BetMGM Sportsbook at State Farm Stadium It took $2.3 million in bed Earnings of $190,000It has yet to report a losing month since opening in August, and next month will be its first retail sportsbook. super ball game. Caesars Sportsbook at Chase Field It took $985,000maintain $110,000.

racetracks, restaurants and other off-track gambling $1 million betmost of the time since March 2021.