Arizona operators’ handle falls to $849m in December 2024

Licensed sports betting operators in Arizona reported total handle of $849.3m in December 2024, according to the latest figures from the state regulator.

The Arizona Department of Gaming’s latest report showed handle had fallen 5.4% when compared to November’s figure of $897.6m.

Nearly all of the handle came from mobile and online operations ($844.3m), with the remaining $5m arriving from retail.

Gross revenue prior to free bet deductions dropped significantly to $49.3m when compared to November’s figure of $84.1m.

Adjusted gross revenue for December, after taking away promotional credits, fell to $25.8m after standing at $57.5m the month prior.

Arizona secured $2.6m in taxes from licensed firms for the final month of the year.

Looking at individual operators, FanDuel led the way in mobile handle market share, gathering $275m in wagers for the period between.

November’s leader DraftKings came second in the handle race with $272.7m and BetMGM behind in third place with $111.9m – slightly up on its November total of $111.1m.

Caesars Entertainment ($47.1m), Fanatics ($43.2m), bet365 ($40.1m), and PENN Entertainment ($22.9m) lagged behind the top three.

FanDuel also took first place over DraftKings when it came to mobile adjusted gross revenue, although the Flutter-owned operator’s revenue dropped from $22.3m to $13.6m.

DraftKings’ mobile adjusted gross revenue dropped from $18m to $9.2m.

Like the leading duo, the chasing pack all saw adjusted gross revenue fall in December.

Bet365 reported $8.2m in November gross revenue, which fell to just $32,433 in December, while Caesars slumped from $3.2m to $433,415.

Fanatics fell to $103,458 from $1.9m, and PENN drastically fell from $1.6m to $15,913.

For the calendar year of 2024, the Arizona Department of Gaming reported total handle for the state at $8bn and total taxes collected at $42.7m.