The Grand Canyon State saw a massive spike in sports wagering this past January, establishing a new state benchmark with an impressive $564 million in bets placed.
This accomplishment positions Arizona as the eighth state nationwide to eclipse the half-billion-dollar threshold in monthly betting volume. This record-setting period aligned with the conclusion of a thrilling football season, which itself commenced with unprecedented wagering action. Market experts connect this triumph to several elements, including the lengthened NFL season, the growing prevalence of sports gambling, and Arizona’s favorable regulatory framework that incentivizes significant players to establish operations.
Since introducing legal sports betting in September, Arizona has witnessed remarkable expansion in handle, consistently surpassing $466 million per month. This sustained success can be linked to a confluence of pent-up desire, the state’s calculated timing in launching sports wagering as it gained traction across the country, and the fervor of Arizona inhabitants. The state is reaping the rewards of the proficiency that established operators have acquired over the previous four years as legalization proliferates nationwide.
The Empire State has rapidly transformed into a sports wagering behemoth, reaching the $5 billion earnings milestone quicker than any other state besides Nevada. This accomplishment surpasses even states with considerably larger populations, such as Illinois, Michigan, and the Keystone State.
New York has already generated a substantial $19.6 million in tax revenue from sports betting, showcasing a robust enthusiasm for gambling.
“Although activity will inevitably subside after the NCAA tournament, that’s simply the cyclical nature of the sports schedule,” remarked CJ Pierre, principal analyst at PlayAZ. “State operators maximized the NFL season, which has established a remarkably solid foundation for the industry’s future growth.”
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