Arizona February sportsbook handle hits just under 500m 99 comes from online

Arizona’s sportsbooks have posted an accumulated handle just shy of $500m this February

Arizona’s sportsbooks have posted an accumulated handle just now shy of $500m this February.

The data reveals that the latest palm figures experience taken Arizona’s generated pecuniary resource from wagers to $3bn o'er the world-class 6 months of operation.

Analysts at PlayAZ observe the sizeable impact the Super Bowl had on keeping business concern brisk up at Arizona’s sportsbooks, which accounted for a big portion of the $500m taken during February.

Bettors placed an mediocre of $17.6m in wagers per twenty-four hours o'er February, pile from an $18.2m per daylight mean(a) inward January.

Despite the success of the Super Bowl, Feb pronounced the first of all month-over-month slump inward sports betting since AZ became a unrecorded market, a 13% dip from the enter $563.7m sportsbooks poised in wagers this January.

PlayAZ has hardened any concern o'er Feb grading the come out of a electronegative market trend, though, citing the shortness of the month — inward which only when single NFL gritty was played — as the key reason for the small downtick inward revenue figures.

“Arizona is next a similar pattern to to a greater extent matured markets”, claimed PlayUSA’s Eric Ramsey.

“As bountiful a bingle event as the Super Bowl is, it can’t lucifer a month like January that had fivesome good weekends of football game games. US sports betting has predictable seasonal ebbs and flows that generally fall out the football season, with a one-month elision inwards March because of the NCAA Tournament.”

The NCAA Tournament, commonly referred to as March Madness, helped sportsbooks win $25.6m inward porcine revenue from bets placed inward March.

Although the total data from March is yet to come in, FanDuel sits inwards a dominant spatial relation at the head up of Arizona’s market, holding off DraftKings to make $142.4m inward online wagers across February.

FanDuel’s add together wagers stood at $149.8m; just $7.4m was taken from sources other than online sports betting.

This highlights the dominance of the online space inward Arizona; inward fact, 99.3% of February’s statewide hold is accounted for through and through online sportsbooks.

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