Total spend in Arizona amounted to $358.9m. This was marginally lower than the $361.0m bet in August 2022 but 11.1% ahead of $323.2m in July this year.
Arizona bettors wagered $354.6m betting on sports online and a further $3.4m at retail locations across the state.
Player winnings stood at $327.2m, resulting in $30.9m in adjusted gross event wagering receipts before free bets. The latter is 10.7% lower than in August last year and includes $30.2m from online betting and $606,731 retail.
Free bets exceed $9.4m in Arizona in August
Reporting the figure, the Arizona Department of Gaming also noted the impact of free bets and promotional credits. These hit $9.5m in August, compared to $8.5m in the same month last year, with almost all coming from online betting.
When taking these free bets off, adjusted gross event wagering receipts reached $21.4m. This was 23.0% down year-on-year and 20.2% lower than August 2023.
Online sports betting accounted for $20.8m of the Arizona total, while retail contributed $600,727.
As for tax, sports betting tax in August was $2.1m. Almost all of this came from mobile bets, which are taxed at a rate of 10%. The other $48,058 came from retail, taxed at 8%.
Original article: https://igamingbusiness.com/sports-betting/arizona-sports-betting-spend-surpasses-358m-in-august/
