Arizona Sportsbooks Acquire $777M In Bets In Very first Two Months

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Arizona athletics betting has began off hot.

In accordance to point out figures created public Dec. 31, the point out-sanctioned online and retail guides took $777 million in bets through September and October. September experienced about $290 million in bets, with the rest coming in Oct.

Figures from November and December aren’t still readily available.

The books retained $68 million of the wagers. They gave absent $57 million in so-termed totally free bets, however. As a tax, Arizona collected 10% of the $10.3 million in earnings.

“Since commencing functions, event wagering & fantasy sporting activities have contributed much more than $15 million directly to the state typical fund around the months of September and Oct, highlighting the rapid revenues from these new industries,” Arizona gaming rules stated in a assertion. “Arizona Operators paid out extra than $14 million in licensing service fees, as effectively as more than $1 million in charges for the privilege of operating these new games.”

“Arizona’s event wagering & fantasy sports is off to a powerful commence below in the point out and will only maximize as the industry matures,” stated Ted Vogt, Director of the Arizona Section of Gaming. “We labored diligently with the general public and stakeholders to effectively and responsibly established up these industries in just underneath five months, and we are starting up to see the culmination of this challenging perform.”

Arizona legalized sporting activities betting in the very first 50 percent of 2021. The governor signed the state’s legislation for sports activities gambling in April, with the very first bets coming in September.

The point out is 1 of far more than 30 nationwide to have legalized sports activities betting.

Arizona has two retail sportsbooks and nine online operators.