Arizona Sports Betting Opens With A Bang
Arizona joined the long list of states in the US to break a sports betting record in 2021. The state handled more than any other state had in its second month when it took $486.1 million in October. This added to the strong opening in its first month of September.
For context, over the first two months of operation, Arizona handled $777.3 million. Compare this to a state like Virginia, which only handled $324.7 million in its first two months.
What caused such an excellent start for the state? And can it expect more of the same? Our experts at BestAppBet took a deep dive into the data to see what we can expect from betting in Arizona after such a successful start.
The Key Factors in Arizona’s Success
The two main winners from the betting craze in Arizona have been DraftKings and FanDuel, which were the leading sportsbooks in the state across its first two months. This may be because these brands are familiar with residents of the state, thanks to the success of the fantasy sports the operators provide.
Arizona launched its online sports betting at an opportune time to capitalize on its market. Sports betting went live on 9th September 2021, which was the day of the first game of the NFL 2021 season. NFL betting is the most popular form of wagering in the US thanks to its massive audience and NFL broadcasters incorporating sports betting into the coverage of games. This was the perfect sport to time a launch with and was supplemented by the NBA season tipping off in October.
There is also a variety of sportsbooks available to those in the state. Seven sportsbooks were available to customers from the get-go, including Unibet and more. That’s more than some states offer that have been accepting wagering for years. More sportsbooks have started operating since then, and as many as ten more are expected to launch soon. Arizona offering its customers a range of options is one of the reasons it has been so successful. Expect this to continue to be a strength as time goes on.
Issues Over Profit
While the betting numbers in Arizona’s first couple of months have been overwhelmingly positive, it hasn’t been without issues. The main problem has been the sportsbook operators not generating much profit from all the bets being placed. For example, the state only claimed $1.3 million in taxes from all wagered money.
It is not just that this is such a low number. It’s just lower than expected. Governor Doug Ducey and others who were vital in pushing the new gambling legislation forward promised Arizona much larger numbers. The state putting this money into other operational needs for the state was one of the biggest appeals of legalizing online sports betting for those on the fence.
The lack of tax revenue came from sportsbooks not registering much profit. This is where the tax comes from, which is at 10% in Arizona. Sportsbooks only took in $10.3 million throughout the record-breaking months.
There isn’t too much panic about these numbers from sportsbook operators or lawmakers. Much of the lost profit can be attributed to the money wagered in free bets and other welcome offers. Many sportsbooks will offer welcome bonuses to entice new customers. With this being such an immature market, many people are enjoying these offers. Sportsbook profits and tax revenue should increase as more people deposit money into their accounts and place bets.
Online Betting in Arizona Going Forward
Arizona’s first few months accepting online betting can only be marked down as a success. The Grand Canyon State has capitalized on the start of the football season, and the national interest in betting increasing to deliver record-breaking numbers. Some would advise caution, pointing to the lackluster haul of profits and taxable revenue. These are valid concerns. However, such teething problems are typical for an immature betting market and don’t overwhelm the overall positivity around the state.
Growth in the state will continue as more sportsbooks receive licenses from the Arizona Department of Gaming to deliver betting markets to customers. That means there will be even more opportunities to get involved with wagering. If you want to stake on your favorite sports, you can do so all around the US.
Since 2018 when the US Supreme Court struck down the PASPA, states have been legalizing online sports betting. That means from Illinois to West Virginia, and in so many more states, you can place legal sports wagers. To get involved, you must be within the borders of one of these states. If you are, then all you have to do is download a licensed sportsbook app. Load up your app and explore a range of betting markets on the most popular sports in America.
Sugarhouse is owned by Rush Interactive, which is one of the most prominent providers of online sportsbook and casinos in the country. In 2016, SugarHouse launched it online casino in New Jersey, joined by its online sportsbook in 2018. Since then, it became a leading casino and sportsbook for Americans. Check out their fantastic bonuses, games and bets available, and see yourself why when it comes to casino and sports betting in the USA, Sugarhouse is a Powerhouse
LATEST BLOG ARTICLES
March Madness seems to get better every year, and the 2022 version has not disappointed. Some favorites have dominated, while others have been dumped out much sooner than expected. Every tournament needs a Cinderella, and Saint Peter’s is one of the most heartwarming underdogs in recent memory. This tournament has shown that anything can happen, and US bettors have had a great time trying to predict these games and sometimes making great profits.
With February officially coming to an end, NCAA basketball fans are gearing up for perhaps the biggest March Madness in recent memory. Now more than ever before, there seem to be upset every weekend. Not only that, but college basketball betting has also grown exponentially in the past twelve months since the Baylor Bears won their first national championship in program history. With the hype now starting to build and Selection Sunday less than a month away, sports pundits have been speculating who they believe will bring home the trophy in 2022.
December has Christmas, January has New Year’s Day, February has Valentine’s Day, and March has March Madness. The time has almost come for the US’ favorite college sports tournament. The nation’s full attention falls on those teams that qualify for the tournament. Over the years, millions of Americans have taken part in local brackets on who will win March Madness.
SPORT BETTING APPS
Sports betting has always been an exciting way for fans to buy into the sport, in a way participate and add another dimension of thrill and excitement to the competition, match or any sporting event. With the evolution of remote betting first to phone, and later on to online betting, remote sports-betting not only became available to a wider audience, but also added a whole new level of excitement and magic to sports betting. Today’s mobile sports betting apps, which are readily available on both Android and Apple, are on the front line of technology, and alongside an exceptional slick and user friendly interface, opens to sports betting punters an entire universe of sports events, odds, games and features such as live streaming and in-play betting. Are you into NFL? Are you an NBA fan? Maybe your thing is baseball so you would like to bet on MLB? Or perhaps you are into world sports and want some European Premier Soccer betting? The mobile sports betting apps bring all of this amazing action to your mobile device, so you can bet on what you want, from wherever you are, at any time you choose to.
Are you a casino player? Did you always love casino, the atmosphere, the thrill and excitement, and most importantly the dream and sometimes reality of big winnings? You no longer need to wait for your next trip to Vegas, or wherever it is you are planning to go to a casino. Mobile and remote casino gambling has now entered to US, and it is here to stay. Already live in New Jersey, and closely followed by other states, Americans can now join the fun, download a casino mobile app from one of the top, legal and certified US casinos, and have all the magic of casino from their mobile device. Are you a BlackJack player? Or maybe you are into Roulette? Maybe Baccarat or Craps are your game, or are you a fan of slots? Whichever game is for you, you will find it on the mobile casino apps that are now becoming legal and regulated across states, and enable you to have your own private casino on your mobile device. It is legal, it is exciting, and it is magic.
For many, slot machines are the most thrilling part of the casino. The lights, animation, sounds and action take you into another dream world, where you can win huge prizes, jackpots, bonus rounds and what not. The Mobile slot apps that are now available in the US provide the world’s premier slots, all made regulated and fully compliant with the US regulations and laws. So you can safely and securely download the slots mobile app to your mobile device (where it is legal to do so), and have the most amazing slot game experience coming to life on your mobile phone. Are you into progressive slots where you get a chance at winning an amazing jackpot, or perhaps you are into an animated video slot that has branded content with your favourite movie, TV or music stars? All of these amazing titles are just a swipe away, all available on your mobile phone by downloading the mobile slot game app.
A lot has changed since the first games of poker were played along the Mississippi River in the 1800s, with Poker becoming a worldwide phenomenon, crossing the boundaries of a card game and considered by many a sport, with tournaments, leagues and champions. Being a game with friends or a professional tournament, the online revolution turned poker to be a game that is played and followed by billions all over the world. And then the latest stage of the poker uprising which is the mobile poker apps, which enable you to access any kind of level, tournament and game from your mobile phone, no matter where you are in the world, and what time it is, you can join in the poker fun and excitement and play against other poker enthusiasts like you around the globe. Poker is now coming home again, and becoming legal to play remotely state after state in the USA also. So now Americans can already download a safe and legal mobile.